Hut 8 Gross Profit vs. Price To Earning

HUT Stock  USD 28.02  0.43  1.51%   
Based on the key profitability measurements obtained from Hut 8's financial statements, Hut 8 Corp is performing exceptionally good at this time. It has a great odds to showcase excellent profitability results in December. Profitability indicators assess Hut 8's ability to earn profits and add value for shareholders.
 
Gross Profit  
First Reported
2018-03-31
Previous Quarter
4.2 M
Current Value
24.6 M
Quarterly Volatility
14.2 M
 
Covid
At this time, Hut 8's Days Sales Outstanding is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 1.20 in 2024, despite the fact that Operating Cash Flow Sales Ratio is likely to grow to (0.31). At this time, Hut 8's Income Before Tax is comparatively stable compared to the past year. Total Other Income Expense Net is likely to gain to about 22.1 M in 2024, whereas Net Loss is likely to drop (72.9 M) in 2024.
For Hut 8 profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Hut 8 to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Hut 8 Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Hut 8's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Hut 8 Corp over time as well as its relative position and ranking within its peers.
  
Check out Risk vs Return Analysis.
Is Financial Exchanges & Data space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Hut 8. If investors know Hut will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Hut 8 listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
5.564
Earnings Share
(0.78)
Revenue Per Share
2.303
Quarterly Revenue Growth
0.715
Return On Assets
(0.04)
The market value of Hut 8 Corp is measured differently than its book value, which is the value of Hut that is recorded on the company's balance sheet. Investors also form their own opinion of Hut 8's value that differs from its market value or its book value, called intrinsic value, which is Hut 8's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Hut 8's market value can be influenced by many factors that don't directly affect Hut 8's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Hut 8's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hut 8 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hut 8's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Hut 8 Corp Price To Earning vs. Gross Profit Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Hut 8's current stock value. Our valuation model uses many indicators to compare Hut 8 value to that of its competitors to determine the firm's financial worth.
Hut 8 Corp is rated # 3 in gross profit category among its peers. It is one of the top stocks in price to earning category among its peers . At this time, Hut 8's Gross Profit is comparatively stable compared to the past year. Comparative valuation analysis is a catch-all technique that is used if you cannot value Hut 8 by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.

Hut Price To Earning vs. Gross Profit

Gross Profit is the most basic measure of business operational efficiency. It is simply the difference between sales revenue and the cost associated with making a product or providing a service. It is calculated before deducting administrative expenses, taxes, and interest payments.

Hut 8

Gross Profit

 = 

Revenue

-

Cost of Revenue

 = 
(24.97 M)
Gross Profit varies significantly from one sector to another and tells an investor how much money a business would have made if it didn't have to pay any overhead expenses such as salary, taxes, or rent.
Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.

Hut 8

P/E

 = 

Market Value Per Share

Earnings Per Share

 = 
3.08 X
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.

Hut Price To Earning Comparison

Hut 8 is currently under evaluation in price to earning category among its peers.

Hut 8 Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Hut 8, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Hut 8 will eventually generate negative long term returns. The profitability progress is the general direction of Hut 8's change in net profit over the period of time. It can combine multiple indicators of Hut 8, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Last ReportedProjected for Next Year
Accumulated Other Comprehensive Income14.2 MM
Operating Income-13.3 M-13.9 M
Income Before Tax7.8 M8.2 M
Total Other Income Expense Net21.1 M22.1 M
Net Income8.4 M8.8 M
Net Loss-69.4 M-72.9 M
Net Loss-218.5 M-207.6 M
Income Tax Expense-568.2 K-596.6 K
Net Interest Income-29.6 M-28.2 M
Interest Income1.1 M848.7 K
Change To Netincome-65.4 M-62.1 M
Net Income Per Share 0.29  0.31 
Income Quality(3.16)(3.00)
Net Income Per E B T 2.11  2.21 

Hut Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Hut 8. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Hut 8 position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Hut 8's important profitability drivers and their relationship over time.

Use Hut 8 in pair-trading

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Hut 8 position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Hut 8 will appreciate offsetting losses from the drop in the long position's value.

Hut 8 Pair Trading

Hut 8 Corp Pair Trading Analysis

The ability to find closely correlated positions to Hut 8 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hut 8 when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Hut 8 - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Hut 8 Corp to buy it.
The correlation of Hut 8 is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Hut 8 moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hut 8 Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Hut 8 can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your Hut 8 position

In addition to having Hut 8 in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Moderate Funds
Moderate Funds Theme
Funds or Etfs that combine stocks, bonds and money market instruments to get modest capital appreciation over time. The Moderate Funds theme has 41 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Moderate Funds Theme or any other thematic opportunities.
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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.