Investing In Hut 8 Corp (NASDAQ: HUT): Why Should You?

After Hours

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.

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Stocks Info

The company is listed on the NASDAQ and operates within the Capital Markets industry segment. The current market capitalization of Hut 8 Corp is $3.60B. A total of 7.39 million shares were traded on the day, compared to an average of 5.15M 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.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, HUT has a high of $28.47 and a low of $6.18.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. 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 $7.53, while its Total Shareholder’s Equity was $87.60M.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. 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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