Hut 8 Corp Stock Buy Hold or Sell Recommendation
| HUT Stock | USD 11.98 0.42 3.63% |
Considering the 90-day investment horizon and your above-average risk tolerance, our recommendation regarding Hut 8 Corp is 'Strong Sell'. A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Hut 8 Corp given historical horizon and risk tolerance towards Hut 8. When Macroaxis issues a 'buy' or 'sell' recommendation for Hut 8 Corp, the advice is generated through an automated system that utilizes algorithms and statistical models.
Check out Hut 8 Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note, we conduct extensive research on individual companies such as Hut and provide practical buy, sell, or hold advice based on investors' constraints. Hut 8 Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.
Hut |
Execute Hut 8 Buy or Sell Advice
The Hut recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Hut 8 Corp. Macroaxis does not own or have any residual interests in Hut 8 Corp or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Hut 8's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Sell
Market Performance | Very Weak | Details | |
Volatility | Relatively risky | Details | |
Hype Condition | Under hyped | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | High | Details | |
Economic Sensitivity | Hyperactively responds to market trends | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Poor | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Hut 8 Trading Alerts and Improvement Suggestions
| Hut 8 Corp generated a negative expected return over the last 90 days | |
| Hut 8 Corp has high historical volatility and very poor performance | |
| Hut 8 Corp has high likelihood to experience some financial distress in the next 2 years | |
| Hut 8 Corp has about 33.02 M in cash with (26.48 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.17. | |
| Hut 8 Corp has a poor financial position based on the latest SEC disclosures | |
| Roughly 58.0% of the company shares are owned by institutional investors | |
| Latest headline from coingeek.com: BTC mining profitability in free fall, noise complaints rise |
Hut 8 Returns Distribution Density
The distribution of Hut 8's historical returns is an attempt to chart the uncertainty of Hut 8's future price movements. The chart of the probability distribution of Hut 8 daily returns describes the distribution of returns around its average expected value. We use Hut 8 Corp price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Hut 8 returns is essential to provide solid investment advice for Hut 8.
| Mean Return | -0.16 | Value At Risk | -9.59 | Potential Upside | 10.78 | Standard Deviation | 6.52 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Hut 8 historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Hut Stock Institutional Investors
The Hut 8's institutional investors refer to entities that pool money to purchase Hut 8's securities or originate loans. These institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds.
| Shares | Your Advocates Ltd., Llp | 2024-06-30 | 2 K | Huntington National Bank | 2024-06-30 | 1.0 | Federation Des Caisses Desjardins Du Quebec | 2024-06-30 | 0.0 | Ifp Advisors, Llc | 2024-03-31 | 0.0 | Rhumbline Advisers | 2024-03-31 | 0.0 | Citadel Advisors Llc | 2024-06-30 | 0.0 |
Hut 8 Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | (610.5K) | (130.1K) | 137.3M | (109.6M) | 10.3M | 13.3M | |
| Capital Expenditures | 9.2M | 5.8M | 86.4M | 72.7M | 815.2K | 774.5K | |
| End Period Cash Flow | 2.9M | 2.8M | 140.1M | 30.5M | 40.8M | 20.9M | |
| Free Cash Flow | 5.3M | (7.1M) | (166.7M) | (177.7M) | (27.3M) | (28.7M) | |
| Net Income | 2.1M | 19.0M | (72.7M) | (242.8M) | 8.4M | 8.8M | |
| Other Non Cash Items | (5.2M) | (27.5M) | (48.5M) | 24.7M | (32.4M) | (30.8M) | |
| Net Borrowings | (5.4M) | (30.2K) | 15.9M | (21.0M) | (18.9M) | (17.9M) | |
| Depreciation | 33.1M | 21.3M | 23.3M | 94.5M | 14.6M | 13.9M | |
| Change To Netincome | (7.6M) | (42.8M) | (33.0M) | (72.6M) | (65.4M) | (62.1M) | |
| Investments | (9.7M) | (7.1M) | (235.1M) | (103.6M) | 34.6M | 36.3M |
Hut 8 Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Hut 8 or Capital Markets sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Hut 8's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Hut stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | -0.61 | |
β | Beta against Dow Jones | 4.20 | |
σ | Overall volatility | 6.59 | |
Ir | Information ratio | -0.04 |
Hut 8 Volatility Alert
Hut 8 Corp is displaying above-average volatility over the selected time horizon. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Hut 8's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Hut 8's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Hut 8 Fundamentals Vs Peers
Comparing Hut 8's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Hut 8's direct or indirect competition across all of the common fundamentals between Hut 8 and the related equities. This way, we can detect undervalued stocks with similar characteristics as Hut 8 or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Hut 8's fundamental indicators could also be used in its relative valuation, which is a method of valuing Hut 8 by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Hut 8 to competition |
| Fundamentals | Hut 8 | Peer Average |
| Return On Equity | -1.23 | -0.31 |
| Return On Asset | -0.0425 | -0.14 |
| Profit Margin | 1.02 % | (1.27) % |
| Operating Margin | (2.40) % | (5.51) % |
| Current Valuation | 1.25 B | 16.62 B |
| Shares Outstanding | 91.08 M | 571.82 M |
| Shares Owned By Insiders | 60.19 % | 10.09 % |
| Shares Owned By Institutions | 57.55 % | 39.21 % |
| Number Of Shares Shorted | 15.54 M | 4.71 M |
| Price To Earning | 3.08 X | 28.72 X |
| Price To Book | 1.59 X | 9.51 X |
| Price To Sales | 6.12 X | 11.42 X |
| Revenue | 81.8 M | 9.43 B |
| Gross Profit | (24.97 M) | 27.38 B |
| EBITDA | 1.36 M | 3.9 B |
| Net Income | 8.38 M | 570.98 M |
| Cash And Equivalents | 33.02 M | 2.7 B |
| Cash Per Share | 0.17 X | 5.01 X |
| Total Debt | 268.75 M | 5.32 B |
| Debt To Equity | 0.10 % | 48.70 % |
| Current Ratio | 9.57 X | 2.16 X |
| Book Value Per Share | 7.26 X | 1.93 K |
| Cash Flow From Operations | (26.48 M) | 971.22 M |
| Short Ratio | 3.73 X | 4.00 X |
| Earnings Per Share | (0.78) X | 3.12 X |
| Target Price | 20.4 | |
| Number Of Employees | 219 | 18.84 K |
| Beta | 3.45 | -0.15 |
| Market Capitalization | 1.05 B | 19.03 B |
| Total Asset | 976.87 M | 29.47 B |
| Retained Earnings | (132.19 M) | 9.33 B |
| Working Capital | 215.49 M | 1.48 B |
| Net Asset | 976.87 M |
Note: Acquisition by Flinn Joseph of 1286 shares of Hut 8 subject to Rule 16b-3 [view details]
Hut 8 Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Hut . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Hut 8 Buy or Sell Advice
When is the right time to buy or sell Hut 8 Corp? Buying financial instruments such as Hut Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
Use Investing Ideas to Build Portfolios
In addition to having Hut 8 in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Insurance Thematic Idea Now
Insurance
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Insurance theme has 61 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Insurance Theme or any other thematic opportunities.
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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.