Hut 8 Corp Stock Price To Sales

HUT Stock

USD 25.32 0.28 1.12%

Hut 8 Corp fundamentals help investors to digest information that contributes to Hut 8's financial success or failures. It also enables traders to predict the movement of Hut Stock. The fundamental analysis module provides a way to measure Hut 8's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Hut 8 stock.

		Last Reported	Projected for Next Year
	Price To Sales Ratio	8.36	14.28

Price To Sales Ratio is likely to gain to 14.28 in 2024.

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Hut 8 Corp Company Price To Sales Analysis

Hut 8's Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.

P/S

MV Per Share

Revenue Per Share

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Current Hut 8 Price To Sales

12.21 X

Most of Hut 8's fundamental indicators, such as Price To Sales, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Hut 8 Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Hut Price To Sales Driver Correlations

Understanding the fundamental principles of building solid financial models for Hut 8 is extremely important. It helps to project a fair market value of Hut Stock properly, considering its historical fundamentals such as Price To Sales. Since Hut 8's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Hut 8's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Hut 8's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Total Current Assets	Common Stock	Total Liab	Retained Earnings	Net Receivables	Net Invested Capital	Net Working Capital	Net Tangible Assets	Accounts Payable	Property Plant Equipment	Long Term Debt	Short Long Term Debt	Capital Stock	Short Term Debt	Intangible Assets	Short Term Investments	Current Deferred Revenue
Total Assets		0.99	0.66	0.56	0.3	0.96	-0.52	0.9	0.82	0.78	0.81	0.72	0.94	-0.79	0.6	0.96	0.9	0.9	-0.07	-0.74
Total Stockholder Equity	0.99		0.58	0.65	0.4	0.93	-0.59	0.86	0.88	0.84	0.86	0.66	0.95	-0.79	0.63	0.97	0.85	0.86	0.05	-0.74
Net Debt	0.66	0.58		-0.23	-0.33	0.8	-0.14	0.9	0.19	0.08	0.14	0.78	0.65	-0.64	0.25	0.62	0.9	0.9	-0.7	-0.67
Total Current Assets	0.56	0.65	-0.23		0.85	0.34	-0.66	0.19	0.89	0.93	0.9	0.03	0.54	-0.4	0.61	0.58	0.18	0.16	0.74	-0.3
Common Stock	0.3	0.4	-0.33	0.85		0.06	-0.86	0.05	0.71	0.7	0.69	-0.14	0.44	-0.42	0.44	0.43	-0.07	-0.08	0.89	-0.37
Total Liab	0.96	0.93	0.8	0.34	0.06		-0.36	0.95	0.67	0.61	0.64	0.82	0.89	-0.73	0.49	0.88	0.95	0.97	-0.31	-0.68
Retained Earnings	-0.52	-0.59	-0.14	-0.66	-0.86	-0.36		-0.46	-0.72	-0.64	-0.67	-0.2	-0.72	0.76	-0.52	-0.67	-0.3	-0.28	-0.56	0.72
Net Receivables	0.9	0.86	0.9	0.19	0.05	0.95	-0.46		0.56	0.47	0.52	0.82	0.9	-0.84	0.44	0.87	0.96	0.97	-0.38	-0.81
Net Invested Capital	0.82	0.88	0.19	0.89	0.71	0.67	-0.72	0.56		0.98	0.99	0.37	0.81	-0.7	0.66	0.82	0.53	0.53	0.44	-0.59
Net Working Capital	0.78	0.84	0.08	0.93	0.7	0.61	-0.64	0.47	0.98		1.0	0.29	0.74	-0.6	0.65	0.78	0.47	0.47	0.49	-0.5
Net Tangible Assets	0.81	0.86	0.14	0.9	0.69	0.64	-0.67	0.52	0.99	1.0		0.34	0.78	-0.65	0.63	0.81	0.51	0.51	0.47	-0.56
Accounts Payable	0.72	0.66	0.78	0.03	-0.14	0.82	-0.2	0.82	0.37	0.29	0.34		0.73	-0.44	0.19	0.66	0.79	0.82	-0.45	-0.56
Property Plant Equipment	0.94	0.95	0.65	0.54	0.44	0.89	-0.72	0.9	0.81	0.74	0.78	0.73		-0.87	0.53	0.98	0.83	0.85	0.05	-0.88
Long Term Debt	-0.79	-0.79	-0.64	-0.4	-0.42	-0.73	0.76	-0.84	-0.7	-0.6	-0.65	-0.44	-0.87		-0.55	-0.86	-0.75	-0.74	-0.01	0.89
Short Long Term Debt	0.6	0.63	0.25	0.61	0.44	0.49	-0.52	0.44	0.66	0.65	0.63	0.19	0.53	-0.55		0.53	0.54	0.41	0.15	-0.37
Capital Stock	0.96	0.97	0.62	0.58	0.43	0.88	-0.67	0.87	0.82	0.78	0.81	0.66	0.98	-0.86	0.53		0.83	0.85	0.07	-0.88
Short Term Debt	0.9	0.85	0.9	0.18	-0.07	0.95	-0.3	0.96	0.53	0.47	0.51	0.79	0.83	-0.75	0.54	0.83		0.98	-0.46	-0.72
Intangible Assets	0.9	0.86	0.9	0.16	-0.08	0.97	-0.28	0.97	0.53	0.47	0.51	0.82	0.85	-0.74	0.41	0.85	0.98		-0.45	-0.74
Short Term Investments	-0.07	0.05	-0.7	0.74	0.89	-0.31	-0.56	-0.38	0.44	0.49	0.47	-0.45	0.05	-0.01	0.15	0.07	-0.46	-0.45		-0.01
Current Deferred Revenue	-0.74	-0.74	-0.67	-0.3	-0.37	-0.68	0.72	-0.81	-0.59	-0.5	-0.56	-0.56	-0.88	0.89	-0.37	-0.88	-0.72	-0.74	-0.01

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Hut Price To Sales Historical Pattern

Today, most investors in Hut 8 Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Hut 8's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's price to sales growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Hut 8 price to sales as a starting point in their analysis.

Hut 8 Price To Sales

Timeline

The most critical factor to remember is that the price of equity takes a firm's debt into account, whereas the sales indicators do not consider financial leverage. Generally speaking, Price to Sales ratio shows how much market values every dollar of the company's sales.

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Price To Sales Ratio Over Time

Hut Price To Sales Ratio

Price To Sales Ratio

14.28

At this time, Hut 8's Price To Sales Ratio is comparatively stable compared to the past year.

Based on the latest financial disclosure, Hut 8 Corp has a Price To Sales of 12.2125 times. This is much higher than that of the Capital Markets sector and 133.96% higher than that of the Financials industry. The price to sales for all United States stocks is 6.94% lower than that of the firm.

Hut Price To Sales Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Hut 8's direct or indirect competition against its Price To Sales to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Hut 8 could also be used in its relative valuation, which is a method of valuing Hut 8 by comparing valuation metrics of similar companies.

Hut 8 is currently under evaluation in price to sales category among its peers.

Hut 8 Current Valuation Drivers

We derive many important indicators used in calculating different scores of Hut 8 from analyzing Hut 8's financial statements. These drivers represent accounts that assess Hut 8's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Hut 8's important valuation drivers and their relationship over time.

	2019	2020	2021	2022	2023	2024 (projected)
Market Cap	90.9M	511.8M	229.7M	820.5M	683.9M	718.1M
Enterprise Value	114.0M	534.7M	130.2M	837.4M	911.8M	957.4M

Hut Fundamentals

	Return On Equity	-1.23
	Return On Asset	-0.0425
	Profit Margin	1.02 %
	Operating Margin	(2.40) %
	Current Valuation	2.64 B
	Shares Outstanding	93.39 M
	Shares Owned By Insiders	58.66 %
	Shares Owned By Institutions	57.48 %
	Number Of Shares Shorted	12.73 M
	Price To Earning	3.08 X
	Price To Book	3.37 X
	Price To Sales	12.21 X
	Revenue	81.8 M
	Gross Profit	(24.97 M)
	EBITDA	1.36 M
	Net Income	8.38 M
	Cash And Equivalents	33.02 M
	Cash Per Share	0.17 X
	Total Debt	268.75 M
	Debt To Equity	0.10 %
	Current Ratio	9.57 X
	Book Value Per Share	7.26 X
	Cash Flow From Operations	(26.48 M)
	Short Ratio	2.65 X
	Earnings Per Share	(0.78) X
	Target Price	24.95
	Number Of Employees	219
	Beta	3.45
	Market Capitalization	2.23 B
	Total Asset	976.87 M
	Retained Earnings	(132.19 M)
	Working Capital	215.49 M
	Net Asset	976.87 M

About Hut 8 Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Hut 8 Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Hut 8 using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Hut 8 Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

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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.

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