Hut 8 Mining Corp

Company Profile

Hut 8 Mining Corp had its IPO on 2018-03-08 under the ticker symbol HUT.

The company operates in the Financial Services sector and Capital Markets industry. Hut 8 Mining Corp has a staff strength of 98 employees.

Stock update

Shares of Hut 8 Mining Corp opened at $2.2 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $2.12 - $2.35, and closed at $2.14.

This is a 0% increase from the previous day's closing price.

A total volume of 14,594,823 shares were traded at the close of the day’s session.

In the last one week, shares of Hut 8 Mining Corp have slipped by -9.7%.

Hut 8 Mining Corp's Key Ratios

Hut 8 Mining Corp has a market cap of $526.70 million, indicating a price to book ratio of 0.5393 and a price to sales ratio of 1.0135.

In the last 12-months Hut 8 Mining Corp’s revenue was $91.71 million with a gross profit of $-24967000 and an EBITDA of $221.52 million. The EBITDA ratio measures Hut 8 Mining Corp's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Hut 8 Mining Corp’s operating margin was 164.59% while its return on assets stood at 16.69% with a return of equity of -24.21%.

In Q2, Hut 8 Mining Corp’s quarterly earnings growth was a positive 51.6% while revenue growth was a negative 56.2%.

Hut 8 Mining Corp’s PE and PEG Ratio

Forward PE

29.4118

Trailing PE

0

PEG

Its diluted EPS in the last 12-months stands at $-0.5 per share while it has a forward price to earnings multiple of 29.4118 and a PEG multiple of . A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Hut 8 Mining Corp’s profitability.

Hut 8 Mining Corp stock is trading at a EV to sales ratio of 1.1187 and a EV to EBITDA ratio of -3.2246. Its price to sales ratio in the trailing 12-months stood at 1.0135.

Hut 8 Mining Corp stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.

Balance sheet and cash flow metrics

Total Assets

$557.55 million

Total Liabilities

$57.98 million

Operating Cash Flow

$0

Capital Expenditure

$3.39 million

Dividend Payout Ratio

0%

Hut 8 Mining Corp ended 2024 with $557.55 million in total assets and $0 in total liabilities. Its intangible assets were valued at $557.55 million while shareholder equity stood at $471.17 million.

Hut 8 Mining Corp ended 2024 with $0 in deferred long-term liabilities, $57.98 million in other current liabilities, 773587000.00 in common stock, $-339283000.00 in retained earnings and $0 in goodwill. Its cash balance stood at $26.69 million and cash and short-term investments were $26.69 million. The company’s total short-term debt was $35,702,000 while long-term debt stood at $7.39 million.

Hut 8 Mining Corp’s total current assets stands at $403.30 million while long-term investments were $0 and short-term investments were $0. Its net receivables were $2.12 million compared to accounts payable of $0 and inventory worth $39.73 million.

In 2024, Hut 8 Mining Corp's operating cash flow was $0 while its capital expenditure stood at $3.39 million.

Comparatively, Hut 8 Mining Corp paid $0 in dividends in 2024.

Other key metrics

Current Trading Price

$2.14

52-Week High

$4.55

52-Week Low

$0.78

Analyst Target Price

$

Hut 8 Mining Corp stock is currently trading at $2.14 per share. It touched a 52-week high of $4.55 and a 52-week low of $4.55. Analysts tracking the stock have a 12-month average target price of $.

Its 50-day moving average was $3.06 and 200-day moving average was $2.06 The short ratio stood at 1.07 indicating a short percent outstanding of 0%.

Around 74.8% of the company’s stock are held by insiders while 1061.2% are held by institutions.