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

Shares of Hut 8 Corp. (TSE:HUT) have been assigned a consensus rating of “Strong Buy” from the seven analysts that are currently covering the firm, Marketbeat reports. Seven investment analysts have rated the stock with a strong buy rating.

HUT has been the subject of several recent analyst reports. Northland Capmk raised Hut 8 to a “strong-buy” rating in a report on Monday, April 21st. Maxim Group raised shares of Hut 8 to a “strong-buy” rating in a research report on Thursday, May 1st. Rosenblatt Securities raised shares of Hut 8 to a “strong-buy” rating in a report on Friday, March 7th. Finally, BTIG Research raised Hut 8 to a “strong-buy” rating in a report on Monday, April 14th.

Hut 8 Price Performance

HUT stock opened at C$22.55 on Friday. The company has a debt-to-equity ratio of 55.87, a quick ratio of 1.26 and a current ratio of 1.68. The business has a 50-day simple moving average of C$17.76 and a two-hundred day simple moving average of C$26.87. The company has a market capitalization of C$1.50 billion, a P/E ratio of 5.52 and a beta of 3.45. Hut 8 has a 52-week low of C$11.05 and a 52-week high of C$45.20.

About Hut 8

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.