Hut 8 Mining Stock Performance
| HUT Stock | CAD 36.24 3.44 10.49% |
Hut 8 holds a performance score of 18 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of 1.58, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Hut 8 will likely underperform. Use Hut 8 Mining expected short fall, and the relationship between the value at risk and daily balance of power , to analyze future returns on Hut 8 Mining.
Risk-Adjusted Performance
18 of 100
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Solid
Compared to the overall equity markets, risk-adjusted returns on investments in Hut 8 Mining are ranked lower than 18 (%) of all global equities and portfolios over the last 90 days. In spite of very abnormal basic indicators, Hut 8 displayed solid returns over the last few months and may actually be approaching a breakup point. ...more
Last Split Factor 1:5 | Last Split Date 2023-12-04 |
1 | Hut 8 Massively Undervalued AI Play - Seeking Alpha | 09/04/2024 |
2 | On The My Stocks Page - Stock Traders Daily | 09/24/2024 |
3 | Hut 8 Announces Early Payoff of Outstanding Loan - GlobeNewswire | 10/01/2024 |
4 | HUT Stock Earnings Hut 8 Mining Misses EPS, Misses Revenue for Q1 2024 - MSN | 11/20/2024 |
| Begin Period Cash Flow | 30.5 M |
Hut |
Hut 8 Relative Risk vs. Return Landscape
If you would invest 1,632 in Hut 8 Mining on August 24, 2024 and sell it today you would earn a total of 1,992 from holding Hut 8 Mining or generate 122.06% return on investment over 90 days. Hut 8 Mining is generating 1.4661% of daily returns assuming 6.388% volatility of returns over the 90 days investment horizon. Simply put, 56% of all stocks have less volatile historical return distribution than Hut 8, and 71% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Hut 8 Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hut 8's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Hut 8 Mining, and traders can use it to determine the average amount a Hut 8's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.2295
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Estimated Market Risk
| 6.39 actual daily | 56 56% of assets are less volatile |
Expected Return
| 1.47 actual daily | 29 71% of assets have higher returns |
Risk-Adjusted Return
| 0.23 actual daily | 18 82% of assets perform better |
Based on monthly moving average Hut 8 is performing at about 18% 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.
Hut 8 Fundamentals Growth
Hut Stock prices reflect investors' perceptions of the future prospects and financial health of Hut 8, and Hut 8 fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Hut Stock performance.
| Return On Equity | -1.14 | ||||
| Return On Asset | -0.0323 | ||||
| Profit Margin | 0.93 % | ||||
| Operating Margin | (0.05) % | ||||
| Current Valuation | 3.45 B | ||||
| Shares Outstanding | 93.58 M | ||||
| Price To Earning | 7.90 X | ||||
| Price To Book | 3.12 X | ||||
| Price To Sales | 15.83 X | ||||
| Revenue | 81.8 M | ||||
| Gross Profit | (24.97 M) | ||||
| EBITDA | 1.36 M | ||||
| Net Income | 8.38 M | ||||
| Cash And Equivalents | 60.13 M | ||||
| Cash Per Share | 0.31 X | ||||
| Total Debt | 268.75 M | ||||
| Debt To Equity | 0.1 % | ||||
| Current Ratio | 10.61 X | ||||
| Book Value Per Share | 5.48 X | ||||
| Cash Flow From Operations | (26.48 M) | ||||
| Earnings Per Share | (1.10) X | ||||
| Market Capitalization | 3.07 B | ||||
| Total Asset | 976.87 M | ||||
| Retained Earnings | (132.19 M) | ||||
| Working Capital | 9.03 M | ||||
About Hut 8 Performance
By examining Hut 8's fundamental ratios, stakeholders can obtain critical insights into Hut 8's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Hut 8 is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.02 | 0.02 | |
| Return On Capital Employed | (0.02) | (0.02) | |
| Return On Assets | 0.02 | 0.02 | |
| Return On Equity | 0.03 | 0.03 |
Things to note about Hut 8 Mining performance evaluation
Checking the ongoing alerts about Hut 8 for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Hut 8 Mining help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Hut 8 Mining is way too risky over 90 days horizon | |
| 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 (26.48 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.31. | |
| Roughly 61.0% of the company shares are owned by institutional investors | |
| Latest headline from news.google.com: HUT Stock Earnings Hut 8 Mining Misses EPS, Misses Revenue for Q1 2024 - MSN |
- Analyzing Hut 8's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Hut 8's stock is overvalued or undervalued compared to its peers.
- Examining Hut 8's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Hut 8's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Hut 8's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Hut 8's stock. These opinions can provide insight into Hut 8's potential for growth and whether the stock is currently undervalued or overvalued.
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.