Momentum Is Strong For Hut 8 Corp (NASDAQ: HUT)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours.

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Stocks Info

This NASDAQ-listed company operates within the Capital Markets industry segment, falling under the Financial sector. The current market capitalization of Hut 8 Corp is $1.57B. A total of 8.23 million shares were traded on the day, compared to an average of 4.24M shares.

In the most recent transaction, Flinn Joseph sold 7,618 shares of HUT for 11.74 per share on Aug 16 ’24. After the transaction, the Director now owns 11,861 company shares. In a previous transaction on Aug 16 ’24, Flinn Joseph bought 7,618 shares at 11.74 per share.

Among the insiders who sold shares, Visram Shenif disposed of 20,239 shares on Aug 02 ’24 at a per-share price of $13.38. This resulted in the Chief Financial Officer holding 43,959 shares of HUT after the transaction. In another insider transaction, Visram Shenif bought 20,239 shares at $13.38 per share on Aug 02 ’24.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, HUT has a high of $21.10 and a low of $6.18.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. HUT’s latest balance sheet shows that the firm has $21.07M in Cash & Short Term Investments as of fiscal 2022. There were $130.68M in debt and $100.16M in liabilities at the time. Its Book Value Per Share was $7.26, while its Total Shareholder’s Equity was $87.60M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for HUT is Buy with a score of 4.67.

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