Hut 8 Number Of Shares Shorted vs. Price To Book

HUT Stock  CAD 38.88  1.06  2.80%   
Based on the key profitability measurements obtained from Hut 8's financial statements, Hut 8 Mining is performing exceptionally good at this time. It has a great probability to showcase excellent profitability results in January. Profitability indicators assess Hut 8's ability to earn profits and add value for shareholders. At this time, Hut 8's Days Sales Outstanding is very stable compared to the past year. As of the 12th of December 2024, Sales General And Administrative To Revenue is likely to grow to 1.20, while Price To Sales Ratio is likely to drop 8.30. At this time, Hut 8's Accumulated Other Comprehensive Income is very stable compared to the past year. As of the 12th of December 2024, Income Before Tax is likely to grow to about 8.2 M, while Operating Income is likely to drop (13.9 M).
For Hut 8 profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Hut 8 to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Hut 8 Mining utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Hut 8's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Hut 8 Mining over time as well as its relative position and ranking within its peers.
  
Check out Risk vs Return Analysis.
Please note, there is a significant difference between Hut 8's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hut 8 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hut 8's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Hut 8 Mining Price To Book vs. Number Of Shares Shorted Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Hut 8's current stock value. Our valuation model uses many indicators to compare Hut 8 value to that of its competitors to determine the firm's financial worth.
Hut 8 Mining is one of the top stocks in number of shares shorted category among its peers. It also is one of the top stocks in price to book category among its peers . The ratio of Number Of Shares Shorted to Price To Book for Hut 8 Mining is about  172,144 . As of the 12th of December 2024, Price To Book Ratio is likely to drop to 1.06. Comparative valuation analysis is a catch-all model that can be used if you cannot value Hut 8 by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Hut 8's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.

Hut Price To Book vs. Number Of Shares Shorted

Number of Shares Shorted is the total amount of shares that are currently sold short by investors. When a stock is sold short, the short seller assumes the responsibility of repurchasing the stock at a lower price. The speculator will make money if the stock goes down in price or will experience a loss if the stock price goes up.

Hut 8

Shares Shorted

 = 

Shorted by Public

+

by Institutions

 = 
586.51 K
If a large number of investors decide to short sell an equity instrument within a small period of time, their combined action can significantly affect the price of the stock.
Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.

Hut 8

P/B

 = 

MV Per Share

BV Per Share

 = 
3.41 X
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.

Hut Price To Book Comparison

Hut 8 is currently under evaluation in price to book category among its peers.

Hut 8 Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Hut 8, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Hut 8 will eventually generate negative long term returns. The profitability progress is the general direction of Hut 8's change in net profit over the period of time. It can combine multiple indicators of Hut 8, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Last ReportedProjected for Next Year
Accumulated Other Comprehensive Income14.2 M17.1 M
Operating Income-13.3 M-13.9 M
Income Before Tax7.8 M8.2 M
Total Other Income Expense Net21.1 M22.1 M
Net Income8.4 M8.8 M
Income Tax Expense-568.2 K-539.8 K
Net Loss-218.5 M-207.6 M
Net Interest Income-25.1 M-26.4 M
Net Loss-59 M-62 M
Change To Netincome-65.4 M-62.1 M
Net Income Per Share 0.29  0.31 
Income Quality(3.16)(3.00)
Net Income Per E B T 2.11  2.21 

Hut Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Hut 8. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Hut 8 position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Hut 8's important profitability drivers and their relationship over time.

Use Hut 8 in pair-trading

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Hut 8 position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Hut 8 will appreciate offsetting losses from the drop in the long position's value.

Hut 8 Pair Trading

Hut 8 Mining Pair Trading Analysis

The ability to find closely correlated positions to Hut 8 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hut 8 when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Hut 8 - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Hut 8 Mining to buy it.
The correlation of Hut 8 is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Hut 8 moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hut 8 Mining moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Hut 8 can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your Hut 8 position

In addition to having Hut 8 in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Power Assets
Power Assets Theme
Large capitalization equities showing high long-term performance indicators and above average return expectations based on Macroaxis rating system. The Power Assets theme has 49 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Power Assets Theme or any other thematic opportunities.
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Other Information on Investing in Hut Stock

To fully project Hut 8's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Hut 8 Mining at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Hut 8's income statement, its balance sheet, and the statement of cash flows.
Potential Hut 8 investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Hut 8 investors may work on each financial statement separately, they are all related. The changes in Hut 8's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Hut 8's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.