Hut 8 Mining Stock Price on February 14, 2024
| HUT Stock | CAD 34.27 0.99 2.81% |
Below is the normalized historical share price chart for Hut 8 Mining extending back to March 06, 2018. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Hut 8 stands at 34.27, as last reported on the 27th of November, with the highest price reaching 36.47 and the lowest price hitting 33.69 during the day.
If you're considering investing in Hut Stock, it is important to understand the factors that can impact its price. Hut 8 is not too volatile given 3 months investment horizon. Hut 8 Mining holds Efficiency (Sharpe) Ratio of 0.26, which attests that the entity had a 0.26% return per unit of risk over the last 3 months. We were able to interpolate and analyze data for twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.64% are justified by taking the suggested risk. Use Hut 8 Mining Market Risk Adjusted Performance of 0.7432, downside deviation of 5.12, and Risk Adjusted Performance of 0.1813 to evaluate company specific risk that cannot be diversified away.
At this time, Hut 8's Total Stockholder Equity is very stable compared to the past year. As of the 27th of November 2024, Common Stock Shares Outstanding is likely to grow to about 58 M, while Common Stock is likely to drop about 1.1 M. . As of the 27th of November 2024, Price Earnings Ratio is likely to grow to 45.62, while Price To Sales Ratio is likely to drop 8.30. Hut Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 16.6392 | 50 Day MA 22.3338 |
Hut |
Sharpe Ratio = 0.2614
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Estimated Market Risk
| 6.27 actual daily | 55 55% of assets are less volatile |
Expected Return
| 1.64 actual daily | 32 68% of assets have higher returns |
Risk-Adjusted Return
| 0.26 actual daily | 20 80% of assets perform better |
Based on monthly moving average Hut 8 is performing at about 20% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Hut 8 by adding it to a well-diversified portfolio.
Price Book 3.364 | Enterprise Value Ebitda (88.58) | Price Sales 17.0068 | Shares Float 70.5 M | Wall Street Target Price 14.79 |
Hut 8 Valuation on February 14, 2024
It is possible to determine the worth of Hut 8 on a given historical date. On February 14, 2024 Hut was worth 13.0 at the beginning of the trading date compared to the closed value of 13.81. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Hut 8 stock. Still, in general, we apply an absolute valuation method to find Hut 8's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Hut 8 where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Hut 8's related companies.
| Open | High | Low | Close | Volume | |
| 11.37 | 12.05 | 11.02 | 11.57 | 1,622,500 | |
02/14/2024 | 13.00 | 13.84 | 12.75 | 13.81 | 2,279,100 |
| 14.54 | 14.74 | 13.04 | 13.43 | 2,527,700 |
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Hut 8 Trading Date Momentum on February 14, 2024
| On February 15 2024 Hut 8 Mining was traded for 13.43 at the closing time. The maximum traded price for the trading interval was 14.74 and the lowest daily price was 13.04 . The daily volume was recorded at 2.5 M. The volume of trading on 15th of February 2024 played a part in the next trading day price drop. The trading delta at closing time to the next closing price was 2.75% . The trading delta at closing time to the closing price today is 24.11% . |
Hut 8 Mining Fundamentals Correlations and Trends
By evaluating Hut 8's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Hut 8's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Hut financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Hut 8 Stock history
Hut 8 investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Hut is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Hut 8 Mining will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Hut 8 stock prices may prove useful in developing a viable investing in Hut 8
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 55.3 M | 58 M | |
| Net Loss | -218.5 M | -207.6 M |
Hut 8 Stock Technical Analysis
Hut 8 technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Hut 8 Period Price Range
Low | November 27, 2024
| High |
0.00 | 0.00 |
Hut 8 Mining cannot be verified against its exchange. Please verify the symbol is currently traded on Toronto Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Hut 8 November 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Hut 8 stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Hut 8 shares will generate the highest return on investment. By undertsting and applying Hut 8 stock market strength indicators, traders can identify Hut 8 Mining entry and exit signals to maximize returns
Hut 8 Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Hut 8's price direction in advance. Along with the technical and fundamental analysis of Hut Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Hut to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1813 | |||
| Jensen Alpha | 1.2 | |||
| Total Risk Alpha | 0.4387 | |||
| Sortino Ratio | 0.2556 | |||
| Treynor Ratio | 0.7332 |
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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.