Hut 8 Corp Stock Price on April 29, 2024
| HUT Stock | USD 10.04 0.48 5.02% |
Below is the normalized historical share price chart for Hut 8 Corp extending back to March 08, 2018. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Hut 8 stands at 10.04, as last reported on the 6th of June, with the highest price reaching 10.12 and the lowest price hitting 9.25 during the day.
If you're considering investing in Hut Stock, it is important to understand the factors that can impact its price. Hut 8 appears to be slightly risky, given 3 months investment horizon. Hut 8 Corp holds Efficiency (Sharpe) Ratio of 0.0945, which attests that the entity had a 0.0945% return per unit of risk over the last 3 months. By evaluating Hut 8's technical indicators, you can evaluate if the expected return of 0.54% is justified by implied risk. Please utilize Hut 8's Risk Adjusted Performance of 0.057, downside deviation of 5.6, and Market Risk Adjusted Performance of 0.1231 to validate if our risk estimates are consistent with your expectations.
At this time, Hut 8's Total Stockholder Equity is comparatively stable compared to the past year. Common Stock Total Equity is likely to gain to about 215.2 M in 2024, whereas Issuance Of Capital Stock is likely to drop 1,900 in 2024. . At this time, Hut 8's Price Earnings To Growth Ratio is comparatively stable compared to the past year. Price To Operating Cash Flows Ratio is likely to gain to 33.12 in 2024, whereas Price Book Value Ratio is likely to drop 7.72 in 2024. Hut Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 8th of March 2018 | 200 Day MA 9.6863 | 50 Day MA 8.8118 | Beta 3.453 |
Hut |
Sharpe Ratio = 0.0945
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Estimated Market Risk
| 5.73 actual daily | 50 50% of assets are less volatile |
Expected Return
| 0.54 actual daily | 10 90% of assets have higher returns |
Risk-Adjusted Return
| 0.09 actual daily | 7 93% of assets perform better |
Based on monthly moving average Hut 8 is performing at about 7% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Hut 8 by adding it to a well-diversified portfolio.
Price Book 1.4127 | Enterprise Value Ebitda (36.68) | Price Sales 5.6836 | Shares Float 80.1 M | Wall Street Target Price 13.92 |
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Hut 8 Valuation on April 29, 2024
It is possible to determine the worth of Hut 8 on a given historical date. On April 29, 2024 Hut was worth 8.65 at the beginning of the trading date compared to the closed value of 8.34. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Hut 8 stock. Still, in general, we apply an absolute valuation method to find Hut 8's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Hut 8 where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Hut 8's related companies.
| Open | High | Low | Close | Volume | |
| 8.87 | 9.08 | 8.68 | 8.81 | 1,439,071 | |
04/29/2024 | 8.65 | 8.71 | 8.24 | 8.34 | 1,589,416 |
| 8.09 | 8.20 | 7.86 | 7.86 | 2,455,358 |
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Hut 8 Trading Date Momentum on April 29, 2024
| On April 30 2024 Hut 8 Corp was traded for 7.86 at the closing time. Highest Hut 8's price during the trading hours was 8.20 and the lowest price during the day was 7.86 . The net volume was 2.5 M. The overall trading history on the 30th of April contributed to the next trading period price depreciation. The trading delta at closing time to the next next day price was 5.76% . The trading delta at closing time to current price is 3.24% . |
Hut 8 Corp Fundamentals Correlations and Trends
By evaluating Hut 8's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Hut 8's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Hut financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Hut 8 Stock history
Hut 8 investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Hut is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Hut 8 Corp will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Hut 8 stock prices may prove useful in developing a viable investing in Hut 8
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 253.6 M | 266.3 M | |
| Net Loss | -218.5 M | -207.6 M |
Hut 8 Stock Technical Analysis
Hut 8 technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Hut 8 Period Price Range
Low | April 29, 2024
| High |
8.65 | 8.34 |
Hut 8 June 6, 2024 Market Strength
Market strength indicators help investors to evaluate how Hut 8 stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Hut 8 shares will generate the highest return on investment. By undertsting and applying Hut 8 stock market strength indicators, traders can identify Hut 8 Corp entry and exit signals to maximize returns
Hut 8 Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Hut 8's price direction in advance. Along with the technical and fundamental analysis of Hut Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Hut to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.057 | |||
| Jensen Alpha | 0.3644 | |||
| Total Risk Alpha | 0.2732 | |||
| Sortino Ratio | 0.0736 | |||
| Treynor Ratio | 0.1131 |
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Additional Tools for Hut Stock Analysis
When running Hut 8's price analysis, check to measure Hut 8's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Hut 8 is operating at the current time. Most of Hut 8's value examination focuses on studying past and present price action to predict the probability of Hut 8's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hut 8's price. Additionally, you may evaluate how the addition of Hut 8 to your portfolios can decrease your overall portfolio volatility.