Hut 8 Mining Stock Price Prediction
| HUT Stock | CAD 35.26 0.98 2.70% |
Oversold Vs Overbought
77
Oversold | Overbought |
Wall Street Target Price 14.79 | EPS Estimate Current Quarter (0.30) | Quarterly Revenue Growth 1.015 |
Using Hut 8 hype-based prediction, you can estimate the value of Hut 8 Mining from the perspective of Hut 8 response to recently generated media hype and the effects of current headlines on its competitors.
The fear of missing out, i.e., FOMO, can cause potential investors in Hut 8 to buy its stock at a price that has no basis in reality. In that case, they are not buying Hut because the equity is a good investment, but because they need to do something to avoid the feeling of missing out. On the other hand, investors will often sell stocks at prices well below their value during bear markets because they need to stop feeling the pain of losing money.
Hut 8 after-hype prediction price | CAD 33.67 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Hut |
Hut 8 After-Hype Price Prediction Density Analysis
As far as predicting the price of Hut 8 at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Hut 8 or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Hut 8, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Hut 8 Estimiated After-Hype Price Volatility
In the context of predicting Hut 8's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Hut 8's historical news coverage. Hut 8's after-hype downside and upside margins for the prediction period are 27.43 and 39.91, respectively. We have considered Hut 8's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Hut 8 is not too volatile at this time. Analysis and calculation of next after-hype price of Hut 8 Mining is based on 3 months time horizon.
Hut 8 Stock Price Prediction Analysis
Have you ever been surprised when a price of a Company such as Hut 8 is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Hut 8 backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Hut 8, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
1.67 | 6.20 | 1.57 | 1.18 | 5 Events / Month | 1 Events / Month | In about 5 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | ||
35.26 | 33.67 | 4.51 |
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Hut 8 Hype Timeline
Hut 8 Mining is currently traded for 35.26on Toronto Exchange of Canada. The entity has historical hype elasticity of -1.57, and average elasticity to hype of competition of -1.18. Hut is anticipated to decline in value after the next headline, with the price expected to drop to 33.67. The average volatility of media hype impact on the company price is over 100%. The price drop on the next news is expected to be -4.51%, whereas the daily expected return is currently at 1.67%. The volatility of related hype on Hut 8 is about 879.43%, with the expected price after the next announcement by competition of 34.08. About 59.0% of the company shares are held by company insiders. The book value of Hut 8 was currently reported as 5.48. The company recorded a loss per share of 1.09. Hut 8 Mining had not issued any dividends in recent years. The entity had 1:5 split on the 4th of December 2023. Assuming the 90 days trading horizon the next anticipated press release will be in about 5 days. Check out Hut 8 Basic Forecasting Models to cross-verify your projections.Hut 8 Related Hype Analysis
Having access to credible news sources related to Hut 8's direct competition is more important than ever and may enhance your ability to predict Hut 8's future price movements. Getting to know how Hut 8's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Hut 8 may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| HIVE | HIVE Blockchain Technologies | (0.34) | 2 per month | 5.09 | 0.07 | 12.06 | (8.22) | 28.33 | |
| DMGI | Dmg Blockchain Solutions | (0.02) | 3 per month | 0.00 | (0.03) | 9.09 | (7.55) | 37.03 | |
| GLXY | Galaxy Digital Holdings | (3.25) | 1 per month | 3.97 | 0.12 | 8.18 | (7.17) | 36.93 | |
| CSTR | CryptoStar Corp | (0.01) | 1 per month | 8.06 | 0.09 | 25.00 | (20.00) | 45.00 | |
| BITF | Bitfarms | 0.09 | 6 per month | 5.18 | (0.01) | 10.04 | (6.95) | 33.17 |
Hut 8 Additional Predictive Modules
Most predictive techniques to examine Hut price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Hut using various technical indicators. When you analyze Hut charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
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| Overlap Studies | ||
| Pattern Recognition | ||
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| Statistic Functions | ||
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| Volume Indicators |
About Hut 8 Predictive Indicators
The successful prediction of Hut 8 stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as Hut 8 Mining, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of Hut 8 based on analysis of Hut 8 hews, social hype, general headline patterns, and widely used predictive technical indicators.
We also calculate exposure to Hut 8's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to Hut 8's related companies. | 2021 | 2022 | 2023 | 2024 (projected) | Days Sales Outstanding | 1.36 | 3.85 | 19.63 | 20.61 | PTB Ratio | 0.52 | 11.56 | 1.11 | 1.06 |
Story Coverage note for Hut 8
The number of cover stories for Hut 8 depends on current market conditions and Hut 8's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Hut 8 is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Hut 8's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Hut 8 Short Properties
Hut 8's future price predictability will typically decrease when Hut 8's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Hut 8 Mining often depends not only on the future outlook of the potential Hut 8's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Hut 8's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 55.3 M | |
| Cash And Short Term Investments | 47.4 M |
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.