Hut 8 Mining Stock Buy Hold or Sell Recommendation
| HUT Stock | CAD 38.40 1.47 3.69% |
Assuming the 90 days trading horizon and your above-average risk tolerance, our recommendation regarding Hut 8 Mining is 'Hold'. The recommendation algorithm takes into account all of Hut 8's available fundamental, technical, and predictive indicators you will find on this site.
Check out Hut 8 Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. In addition, we conduct extensive research on individual companies such as Hut and provide practical buy, sell, or hold advice based on investors' investing horizon and their risk tolerance towards Hut 8 Mining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Hut |
Execute Hut 8 Buy or Sell Advice
The Hut recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Hut 8 Mining. Macroaxis does not own or have any residual interests in Hut 8 Mining or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Hut 8's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Hold
Market Performance | Solid | Details | |
Volatility | Not too volatile | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Responds to the market | Details | |
Analyst Consensus | Not Available | Details | |
Reporting Quality (M-Score) | Inapplicable | Details |
Hut 8 Trading Alerts and Improvement Suggestions
| Hut 8 Mining is way too risky over 90 days horizon | |
| Hut 8 Mining appears to be risky and price may revert if volatility continues | |
| Hut 8 Mining has accumulated about 60.13 M in cash with (26.48 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.31. | |
| Roughly 61.0% of the company shares are owned by institutional investors | |
| Latest headline from news.google.com: 815,531 Shares in Hut 8 Corp. Bought by Connor Clark Lunn Investment Management Ltd. - MarketBeat |
Hut 8 Returns Distribution Density
The distribution of Hut 8's historical returns is an attempt to chart the uncertainty of Hut 8's future price movements. The chart of the probability distribution of Hut 8 daily returns describes the distribution of returns around its average expected value. We use Hut 8 Mining price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Hut 8 returns is essential to provide solid investment advice for Hut 8.
| Mean Return | 1.62 | Value At Risk | -6.34 | Potential Upside | 14.41 | Standard Deviation | 6.48 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Hut 8 historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Hut 8 Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | (610.5K) | (130.1K) | 137.3M | (109.6M) | 10.3M | 10.8M | |
| Capital Expenditures | 9.2M | 5.8M | 86.4M | 72.7M | 815.2K | 774.5K | |
| End Period Cash Flow | 2.9M | 2.8M | 140.1M | 30.5M | 40.8M | 42.9M | |
| Free Cash Flow | 5.3M | (7.1M) | (166.7M) | (177.7M) | (27.3M) | (28.7M) | |
| Net Income | 2.1M | 19.0M | (72.7M) | (242.8M) | 8.4M | 8.8M | |
| Other Non Cash Items | (5.2M) | (27.5M) | (48.5M) | 24.7M | (32.4M) | (30.8M) | |
| Depreciation | 33.1M | 21.3M | 23.3M | 94.5M | 14.6M | 13.9M |
Hut 8 Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Hut 8 or AlphaPro Management Inc sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Hut 8's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Hut stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | 1.45 | |
β | Beta against Dow Jones | 1.35 | |
σ | Overall volatility | 6.38 | |
Ir | Information ratio | 0.23 |
Hut 8 Volatility Alert
Hut 8 Mining is displaying above-average volatility over the selected time horizon. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Hut 8's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Hut 8's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Hut 8 Fundamentals Vs Peers
Comparing Hut 8's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Hut 8's direct or indirect competition across all of the common fundamentals between Hut 8 and the related equities. This way, we can detect undervalued stocks with similar characteristics as Hut 8 or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Hut 8's fundamental indicators could also be used in its relative valuation, which is a method of valuing Hut 8 by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Hut 8 to competition |
| Fundamentals | Hut 8 | Peer Average |
| Return On Equity | -1.14 | -0.31 |
| Return On Asset | -0.0323 | -0.14 |
| Profit Margin | 0.93 % | (1.27) % |
| Operating Margin | (0.05) % | (5.51) % |
| Current Valuation | 4.12 B | 16.62 B |
| Shares Outstanding | 93.58 M | 571.82 M |
| Shares Owned By Insiders | 58.66 % | 10.09 % |
| Shares Owned By Institutions | 60.60 % | 39.21 % |
| Number Of Shares Shorted | 1.05 M | 4.71 M |
| Price To Earning | 7.90 X | 28.72 X |
| Price To Book | 3.77 X | 9.51 X |
| Price To Sales | 19.29 X | 11.42 X |
| Revenue | 81.8 M | 9.43 B |
| Gross Profit | (24.97 M) | 27.38 B |
| EBITDA | 1.36 M | 3.9 B |
| Net Income | 8.38 M | 570.98 M |
| Cash And Equivalents | 60.13 M | 2.7 B |
| Cash Per Share | 0.31 X | 5.01 X |
| Total Debt | 268.75 M | 5.32 B |
| Debt To Equity | 0.1 % | 48.70 % |
| Current Ratio | 10.61 X | 2.16 X |
| Book Value Per Share | 5.48 X | 1.93 K |
| Cash Flow From Operations | (26.48 M) | 971.22 M |
| Short Ratio | 0.53 X | 4.00 X |
| Earnings Per Share | (1.10) X | 3.12 X |
| Target Price | 14.79 | |
| Number Of Employees | 219 | 18.84 K |
| Beta | 3.45 | -0.15 |
| Market Capitalization | 3.74 B | 19.03 B |
| Total Asset | 976.87 M | 29.47 B |
| Retained Earnings | (132.19 M) | 9.33 B |
| Working Capital | 9.03 M | 1.48 B |
| Year To Date Return | (4.62) % |
Hut 8 Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Hut . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 23716.97 | |||
| Daily Balance Of Power | (0.79) | |||
| Rate Of Daily Change | 0.96 | |||
| Day Median Price | 39.06 | |||
| Day Typical Price | 38.84 | |||
| Price Action Indicator | (1.39) | |||
| Period Momentum Indicator | (1.47) |
About Hut 8 Buy or Sell Advice
When is the right time to buy or sell Hut 8 Mining? Buying financial instruments such as Hut Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
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Recreation
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Recreation theme has 33 constituents at this time.
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Other Information on Investing in Hut Stock
Hut 8 financial ratios help investors to determine whether Hut Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Hut with respect to the benefits of owning Hut 8 security.