Hut 8 Mining Stock Today
| HUT Stock | CAD 35.26 0.98 2.70% |
Performance21 of 100
| Odds Of DistressLess than 30
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Hut 8 is selling at 35.26 as of the 26th of November 2024; that is 2.7% down since the beginning of the trading day. The stock's open price was 36.24. Hut 8 has about a 30 percent probability of financial distress in the next few years of operation but had a somewhat solid performance during the last 90 days. Equity ratings for Hut 8 Mining are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of October 2024 and ending today, the 26th of November 2024. Click here to learn more.
Category Financial Services |
Hut 8 Mining Corp. operates as a cryptocurrency mining company in North America. Hut 8 Mining Corp. was incorporated in 2011 and is headquartered in Toronto, Canada. HUT 8 operates under Capital Markets classification in Canada and is traded on Toronto Stock Exchange. The company has 93.58 M outstanding shares of which 1.05 M shares are currently shorted by private and institutional investors with about 0.53 days to cover all short positions. More on Hut 8 Mining
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Hut Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Hut 8's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Hut 8 or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| President CoFounder | Asher Genoot | ||||
| Business Concentration | Capital Markets, Financial Services, Canadian Equity, AlphaPro Management Inc, Capital Markets, Financial Services (View all Sectors) | ||||
Hut 8's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Hut 8's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | |||||
Debt LevelsHut 8 can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Hut 8's financial leverage. It provides some insight into what part of Hut 8's total assets is financed by creditors.
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Hut 8 Mining (HUT) is traded on Toronto Exchange in Canada and employs 219 people. The company currently falls under 'Mid-Cap' category with a current market capitalization of 3.39 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Hut 8's market, we take the total number of its shares issued and multiply it by Hut 8's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Hut 8 Mining operates under AlphaPro Management Inc sector and is part of Canadian Equity industry. The entity has 93.58 M outstanding shares of which 1.05 M shares are currently shorted by private and institutional investors with about 0.53 days to cover all short positions.
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.
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Ownership AllocationHut 8 Mining has a total of 93.58 Million outstanding shares. Over half of Hut 8's outstanding shares are owned by outside corporations. These outside corporations are typically referred to as corporate investors that purchase positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulations than regular investors in Hut 8 Mining. Please watch out for any change in the institutional holdings of Hut 8 as this could mean something significant has changed or is about to change at the company. Also note that almost eighteen million thirty-three thousand seventy-nine invesors are currently shorting Hut 8 expressing very little confidence in its future performance.
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Hut 8 Mining Risk Profiles
Although Hut 8's alpha and beta are two of the key measurements used to evaluate Hut 8's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 4.75 | |||
| Semi Deviation | 4.34 | |||
| Standard Deviation | 6.42 | |||
| Variance | 41.17 |
Hut Stock Against Markets
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Hut 8 Corporate Management
Elected by the shareholders, the Hut 8's board of directors comprises two types of representatives: Hut 8 inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Hut. The board's role is to monitor Hut 8's management team and ensure that shareholders' interests are well served. Hut 8's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Hut 8's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Victor Semah | Chief Officer | Profile | |
| Matthew Prusak | Chief Officer | Profile | |
| Viktoriya Griffin | Co Sec | Profile | |
| CPA CMA | Chief Officer | Profile | |
| Josh Rayner | VP Sales | Profile |
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.