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

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

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

Hut 8 Stock Up 5.2%

Shares of TSE HUT opened at C$96.21 on Tuesday. The company has a quick ratio of 1.26, a current ratio of 1.09 and a debt-to-equity ratio of 31.34. The business’s 50 day moving average is C$72.18 and its two-hundred day moving average is C$67.96. Hut 8 has a 52-week low of C$14.69 and a 52-week high of C$98.20. The firm has a market cap of C$10.67 billion, a price-to-earnings ratio of -44.96 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.