Is Hut 8 Corp.s Latest Stock Performance A Reflection Of Its Financial Health?
| HUT Stock | USD 15.54 1.36 8.05% |
Slightly above 62% of Hut 8's investor base is looking to short. The analysis of the overall investor sentiment regarding Hut 8 Corp suggests that many traders are alarmed. Hut 8's investing sentiment can be driven by a variety of factors including economic data, Hut 8's earnings reports, geopolitical events, and overall market trends.
Hut 8 has had a great run on the share market with its stock up by a significant 101 percent over the last three...
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Hut 8 Fundamental Analysis
We analyze Hut 8'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 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.
Book Value Per Share
Book Value Per Share Comparative Analysis
Hut 8 is currently under evaluation in book value per share category among its peers. Book Value per Share (B/S) can be calculated by subtracting liabilities from assets, and then dividing it by the total number of currently outstanding shares. It indicates the level of safety associated with each common share after removing the effects of liabilities. In other words, a shareholder can use this ratio to see how much he or she can sell the stake in the company in the event of a liquidation.
Hut 8 Corp Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Hut 8 stock to make a market-neutral strategy. 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 with similar companies.
Peers
Hut 8 Related Equities
| WULF | Terawulf | 3.81 |
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| BTBT | Bit Digital | 3.88 |
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| HIVE | HIVE Blockchain | 4.55 |
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| CLSK | CleanSpark | 7.61 |
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| BITF | Bitfarms | 8.26 |
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| RIOT | Riot Blockchain | 8.32 |
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| MARA | Marathon Digital | 9.61 |
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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.