Hut 8 (BASE:HUTD) - Stock Price, News & Analysis

HUTD Stock Overview

Operates as a vertically integrated operator of energy infrastructure and Bitcoin miners in North America.

HUTD fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	1/6
Past Performance	2/6
Financial Health	3/6
Dividends	0/6

Rewards

Price-To-Earnings ratio (7.3x) is below the AR market (20x)

Revenue is forecast to grow 17.84% per year

Became profitable this year

Risk Analysis

High level of non-cash earnings

Earnings are forecast to decline by an average of 128% per year for the next 3 years

Highly volatile share price over the past 3 months compared to the AR market

Hut 8 Corp. Competitors

Route Mobile

NSEI:ROUTE

₹98.7b

Appier Group

TSE:4180

JP¥175.6b

Docebo

TSX:DCBO

CA$1.9b

Opera

NasdaqGS:OPRA

US$1.4b

Price History & Performance

Summary of all time highs, changes and price drops for Hut 8
Historical stock prices
Current Share Price	US$74.20
52 Week High	US$123.50
52 Week Low	US$9.00
Beta	0
11 Month Change	23.87%
3 Month Change	-26.53%
1 Year Change	n/a
33 Year Change	n/a
5 Year Change	n/a
Change since IPO	724.44%

Recent updates

Shareholder Returns

	HUTD	AR Software	AR Market
7D	30.2%	0%	0%
1Y	n/a	0%	0%

Return vs Industry: Insufficient data to determine how HUTD performed against the AR Software industry.

Return vs Market: Insufficient data to determine how HUTD performed against the AR Market.

Price Volatility

Is HUTD's price volatile compared to industry and market?
HUTD volatility
HUTD Average Weekly Movement	17.0%
Software Industry Average Movement	0%
Market Average Movement	0%
10% most volatile stocks in AR Market	0%
10% least volatile stocks in AR Market	0%

Stable Share Price: HUTD's share price has been volatile over the past 3 months compared to the AR market.

Volatility Over Time: HUTD's weekly volatility has decreased from 95% to 17% over the past year, but is still higher than 75% of AR stocks.

About the Company

Founded	Employees	CEO	Website
2017	98	Asher Genoot	hut8.com

Hut 8 Corp. operates as a vertically integrated operator of energy infrastructure and Bitcoin miners in North America. It operates in four segments: Digital Assets Mining, Managed Services, High Performance Computing – Colocation and Cloud, and Other. The company mines Bitcoin.

Hut 8 Corp. Fundamentals Summary

How do Hut 8's earnings and revenue compare to its market cap?
HUTD fundamental statistics
Market cap	US$1.35b
Earnings (TTM)	US$185.15m
Revenue (TTM)	US$171.99m

7.3x

P/E Ratio

7.9x

P/S Ratio

Is HUTD overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
HUTD income statement (TTM)
Revenue	US$171.99m
Cost of Revenue	US$96.89m
Gross Profit	US$75.10m
Other Expenses	-US$110.05m
Earnings	US$185.15m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	1.98
Gross Margin	43.66%
Net Profit Margin	107.65%
Debt/Equity Ratio	49.2%

How did HUTD perform over the long term?

See historical performance and comparison

Hut 8 BASE:HUTD Stock Report