Hut 8 Corp Stock Performance
| HUT Stock | USD 25.92 2.44 10.39% |
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 4.12, 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 Corp downside variance, as well as the relationship between the daily balance of power and period momentum indicator , to analyze future returns on Hut 8 Corp.
Risk-Adjusted Performance
18 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in Hut 8 Corp are ranked lower than 18 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively unsteady basic indicators, Hut 8 unveiled solid returns over the last few months and may actually be approaching a breakup point. ...more
Actual Historical Performance (%)
One Day Return (3.09) | Five Day Return (3.94) | Year To Date Return 99.37 | Ten Year Return 39.63 | All Time Return 39.63 |
Last Split Factor 1:5 | Dividend Date 2018-03-06 | Last Split Date 2023-12-04 |
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8 | Hut 8 Corp Trading Down 0.88 percent on Nov 19 | 11/19/2024 |
| Begin Period Cash Flow | 30.5 M |
Hut |
Hut 8 Relative Risk vs. Return Landscape
If you would invest 1,124 in Hut 8 Corp on August 27, 2024 and sell it today you would earn a total of 1,468 from holding Hut 8 Corp or generate 130.6% return on investment over 90 days. Hut 8 Corp is generating 1.5005% of daily returns assuming volatility of 6.2925% on return distribution over 90 days investment horizon. In other words, 56% of stocks are less volatile than Hut, and above 71% of all equities are expected to generate higher returns over the next 90 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 Corp, 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 = 0.2385
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Estimated Market Risk
| 6.29 actual daily | 56 56% of assets are less volatile |
Expected Return
| 1.5 actual daily | 29 71% of assets have higher returns |
Risk-Adjusted Return
| 0.24 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 | -1.23 | ||||
| Return On Asset | -0.0425 | ||||
| Profit Margin | 1.02 % | ||||
| Operating Margin | (2.40) % | ||||
| Current Valuation | 2.7 B | ||||
| Shares Outstanding | 93.39 M | ||||
| Price To Earning | 3.08 X | ||||
| Price To Book | 3.45 X | ||||
| Price To Sales | 12.50 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) | ||||
| Earnings Per Share | (0.78) X | ||||
| Market Capitalization | 2.23 B | ||||
| Total Asset | 976.87 M | ||||
| Retained Earnings | (132.19 M) | ||||
| Working Capital | 215.49 M | ||||
About Hut 8 Performance
Assessing Hut 8's fundamental ratios provides investors with valuable insights into Hut 8's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the Hut 8 is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.
| 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 Corp 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 Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Hut 8 Corp is way too risky over 90 days horizon | |
| Hut 8 Corp appears to be risky and price may revert if volatility continues | |
| Hut 8 Corp has about 33.02 M in cash with (26.48 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.17. | |
| Hut 8 Corp has a frail financial position based on the latest SEC disclosures | |
| Roughly 57.0% of the company shares are owned by institutional investors | |
| Latest headline from gurufocus.com: Hut 8 Corp Trading Down 0.88 percent on Nov 19 |
- 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.
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.