Hut 8 Mining Stock Analysis
| HUT Stock | CAD 30.45 3.27 9.70% |
Hut 8 Mining is fairly valued with Real Value of 33.05 and Hype Value of 33.71. The main objective of Hut 8 stock analysis is to determine its intrinsic value, which is an estimate of what Hut 8 Mining is worth, separate from its market price. There are two main types of Hut 8's stock analysis: fundamental analysis and technical analysis. Fundamental analysis focuses on the financial and economic factors that affect Hut 8's performance, such as revenue growth, earnings, and financial stability. Technical analysis, on the other hand, focuses on the price and volume data of Hut 8's stock to identify patterns and trends that may indicate its future price movements.
The Hut 8 stock is traded in Canada on Toronto Exchange, with the market opening at 09:30:00 and closing at 16:00:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in Canada. Hut 8 is usually not traded on Good Friday, Victoria Day, Canada Day, Civic Holiday, Labour Day, Thanksgiving Day, Christmas Day, Boxing Day, New Year 's Day, Family Day. Hut Stock trading window is adjusted to America/Toronto timezone.
Hut |
Hut Stock Analysis Notes
About 52.0% of the company shares are held by company insiders. The company has price-to-book (P/B) ratio of 1.95. Some equities with similar Price to Book (P/B) outperform the market in the long run. Hut 8 Mining had not issued any dividends in recent years. The entity had 1:5 split on the 4th of December 2023. Hut 8 Mining Corp. operates as a cryptocurrency mining company in North America. Hut 8 Mining Corp. was incorporated in 2011 and is headquartered in Toronto, Canada. HUT 8 operates under Capital Markets classification in Canada and is traded on Toronto Stock Exchange. It employs 43 people. To learn more about Hut 8 Mining call the company at 305 224 6427 or check out https://hut8.com.Hut 8 Mining Investment Alerts
| Hut 8 Mining appears to be risky and price may revert if volatility continues | |
| Hut 8 Mining has accumulated about 60.13 M in cash with (68.53 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.31. | |
| Roughly 67.0% of the company shares are owned by institutional investors |
Hut Market Capitalization
The company currently falls under 'Mid-Cap' category with a current market capitalization of 3.45 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Hut 8's market, we take the total number of its shares issued and multiply it by Hut 8's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.Hut Profitablity
Hut 8's profitability indicators refer to fundamental financial ratios that showcase Hut 8's ability to generate income relative to its revenue or operating costs. If, let's say, Hut 8 is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Hut 8's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Hut 8's profitability requires more research than a typical breakdown of Hut 8's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
The company has Profit Margin (PM) of 1.13 %, which maeans that even a very small decline in it revenue will erase profits resulting in a net loss. This is way below average. Similarly, it shows Operating Margin (OM) of 4.63 %, which suggests for every 100 dollars of sales, it generated a net operating income of $4.63. Technical Drivers
As of the 19th of August, Hut 8 retains the Risk Adjusted Performance of 0.0969, market risk adjusted performance of 3.53, and Downside Deviation of 3.78. Hut 8 technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices.Hut 8 Mining Price Movement Analysis
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Hut 8 Outstanding Bonds
Hut 8 issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Hut 8 Mining uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Hut bonds can be classified according to their maturity, which is the date when Hut 8 Mining has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
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Hut 8 Predictive Daily Indicators
Hut 8 intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Hut 8 stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
| Accumulation Distribution | 191078.0 | |||
| Daily Balance Of Power | (0.83) | |||
| Rate Of Daily Change | 0.9 | |||
| Day Median Price | 31.83 | |||
| Day Typical Price | 31.37 | |||
| Price Action Indicator | (3.01) | |||
| Period Momentum Indicator | (3.27) |
Hut 8 Forecast Models
Hut 8's time-series forecasting models are one of many Hut 8's stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Hut 8's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.About Hut Stock Analysis
Stock analysis is the technique used by a trader or investor to examine and evaluate how Hut 8 prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Hut shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Hut 8. By using and applying Hut Stock analysis, traders can create a robust methodology for identifying Hut entry and exit points for their positions.
Hut 8 Mining Corp. operates as a cryptocurrency mining company in North America. Hut 8 Mining Corp. was incorporated in 2011 and is headquartered in Toronto, Canada. HUT 8 operates under Capital Markets classification in Canada and is traded on Toronto Stock Exchange. It employs 43 people.
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Other Information on Investing in Hut Stock
Hut 8 financial ratios help investors to determine whether Hut Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Hut with respect to the benefits of owning Hut 8 security.