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

Shares of Hut 8 Corp. (TSE:HUT) have earned a consensus recommendation of “Strong Buy” from the nine analysts that are presently covering the stock, Marketbeat reports. Nine equities research analysts have rated the stock with a strong buy recommendation.

A number of research analysts have recently commented on the company. Citizens Jmp raised Hut 8 to a “strong-buy” rating in a research note on Thursday, May 22nd. Northland Capmk raised Hut 8 to a “strong-buy” rating in a research note on Monday, April 21st. Rosenblatt Securities raised Hut 8 to a “strong-buy” rating in a research note on Friday, March 7th. BTIG Research raised Hut 8 to a “strong-buy” rating in a research note on Monday, April 14th. Finally, Maxim Group raised Hut 8 to a “strong-buy” rating in a research note on Thursday, May 1st.

Hut 8 Trading Up 4.9%

Shares of TSE HUT opened at C$25.37 on Friday. The stock has a market capitalization of C$1.69 billion, a P/E ratio of 6.21 and a beta of 3.45. The business’s 50 day moving average is C$22.05 and its two-hundred day moving average is C$24.59. Hut 8 has a 1-year low of C$11.86 and a 1-year high of C$45.20. The company has a debt-to-equity ratio of 55.87, a current ratio of 1.68 and a quick ratio of 1.26.

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.