Hut 8 Mining Stock Price on November 24, 2023

HUT Stock  CAD 37.82  1.53  4.22%   
Below is the normalized historical share price chart for Hut 8 Mining extending back to March 06, 2018. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Hut 8 stands at 37.82, as last reported on the 12th of December 2024, with the highest price reaching 38.80 and the lowest price hitting 36.29 during the day.
200 Day MA
17.9381
50 Day MA
26.7684
 
Covid
If you're considering investing in Hut Stock, it is important to understand the factors that can impact its price. Hut 8 is not too volatile given 3 months investment horizon. Hut 8 Mining holds Efficiency (Sharpe) Ratio of 0.25, which attests that the entity had a 0.25% return per unit of risk over the last 3 months. We were able to interpolate and analyze data for twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.66% are justified by taking the suggested risk. Use Hut 8 Mining Risk Adjusted Performance of 0.1957, downside deviation of 5.02, and Market Risk Adjusted Performance of 1.79 to evaluate company specific risk that cannot be diversified away.
  
At this time, Hut 8's Total Stockholder Equity is very stable compared to the past year. As of the 12th of December 2024, Common Stock Shares Outstanding is likely to grow to about 58 M, while Common Stock is likely to drop about 1.1 M. . As of the 12th of December 2024, Price Earnings Ratio is likely to grow to 45.62, while Price To Sales Ratio is likely to drop 8.30. Hut Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.2477

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Estimated Market Risk

 6.7
  actual daily
59
59% of assets are less volatile

Expected Return

 1.66
  actual daily
33
67% of assets have higher returns

Risk-Adjusted Return

 0.25
  actual daily
19
81% of assets perform better
Based on monthly moving average Hut 8 is performing at about 19% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Hut 8 by adding it to a well-diversified portfolio.
Price Book
3.4071
Enterprise Value Ebitda
(88.58)
Price Sales
18.5822
Shares Float
70.5 M
Wall Street Target Price
14.79

Hut 8 Valuation on November 24, 2023

It is possible to determine the worth of Hut 8 on a given historical date. On November 24, 2023 Hut was worth 13.05 at the beginning of the trading date compared to the closed value of 13.15. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Hut 8 stock. Still, in general, we apply an absolute valuation method to find Hut 8's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Hut 8 where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Hut 8's related companies.
 Open High Low Close Volume
  12.90    13.10    12.75    12.80    123,240  
11/24/2023
  13.05    13.45    12.85    13.15    401,080  
  12.75    13.50    12.70    13.00    355,860  
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Open Value
13.05
13.15
Closing Value
33.16
Upside

Hut 8 Trading Date Momentum on November 24, 2023

On November 27 2023 Hut 8 Mining was traded for  13.00  at the closing time. The maximum traded price for the trading interval was 13.50  and the lowest daily price was  12.70 . The daily volume was recorded at 355.9 K. The volume of trading on 27th of November 2023 played a part in the next trading day price drop. The trading delta at closing time to the next closing price was 1.14% . The trading delta at closing time to the closing price today is 23.27% .

Hut 8 Mining Fundamentals Correlations and Trends

By evaluating Hut 8's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Hut 8's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Hut financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Hut 8 Stock history

Hut 8 investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Hut is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Hut 8 Mining will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Hut 8 stock prices may prove useful in developing a viable investing in Hut 8
Last ReportedProjected for Next Year
Common Stock Shares Outstanding55.3 M58 M
Net Loss-218.5 M-207.6 M

Hut 8 Stock Technical Analysis

Hut 8 technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Hut 8 technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Hut 8 trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Hut 8 Period Price Range

Low
December 12, 2024
0.00  NaN%
High

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 0.00 

Hut 8 Mining cannot be verified against its exchange. Please verify the symbol is currently traded on Toronto Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

Hut 8 December 12, 2024 Market Strength

Market strength indicators help investors to evaluate how Hut 8 stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Hut 8 shares will generate the highest return on investment. By undertsting and applying Hut 8 stock market strength indicators, traders can identify Hut 8 Mining entry and exit signals to maximize returns

Hut 8 Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Hut 8's price direction in advance. Along with the technical and fundamental analysis of Hut Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Hut to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.

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.