Hut 8 Corp. (TSE:HUT) Receives Consensus Rating of “Strong Buy” from Analysts

Shares of Hut 8 Corp. (TSE:HUT) have been assigned an average recommendation of “Strong Buy” from the six ratings firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a buy rating and five have given a strong buy rating to the company.

Several analysts recently weighed in on HUT shares. HC Wainwright upgraded shares of Hut 8 to a “strong-buy” rating in a report on Monday, February 2nd. Keefe, Bruyette & Woods upgraded shares of Hut 8 to a “moderate buy” rating in a report on Tuesday, January 27th.

Hut 8 Stock Up 5.1%

Hut 8 stock opened at C$107.81 on Tuesday. Hut 8 has a fifty-two week low of C$14.69 and a fifty-two week high of C$107.84. The company has a debt-to-equity ratio of 31.34, a quick ratio of 1.26 and a current ratio of 1.09. The firm has a 50 day moving average price of C$74.96 and a 200 day moving average price of C$69.76. The company has a market capitalization of C$11.95 billion, a PE ratio of -50.38 and a beta of 4.58.

Hut 8 Company Profile

Hut 8 Mining Corp is North America’s innovation-focused digital asset miner. Located in energy-rich Alberta, Canada. Hut 8 has one of the highest installed capacity rates in the industry and holds more self-mined bitcoin than any crypto miner or publicly-traded company globally. It is executing on its commitment to mining and holding bitcoin and has a diversified business and revenue strategy to grow and protect shareholder value regardless of bitcoin’s market direction.