Where Does Hut 8 Mining Corp. (HUT) Rank When It Comes To Price-To-Earnings Ratio?

Hut 8 Mining Corp. (NASDAQ:HUT) finished Wednesday with an addition of $0.72 to close at $10.82, an upside of 7.13 percent. An average of 11,174,040 shares of common stock have been traded in the last five days. There was a gain of $0.71 in the past week. The last 20 days have seen an average of 10,176,686 shares traded, while the 50-day average volume stands at 9,651,766.

HUT stock has increased by 4.34% in the last month. The company shares reached their 1-month lowest point of $7.57 on 09/21/21. With the stock rallying to its 52-week high on 02/22/21, shares of the company touched a low of $0.74 and a high of $13.00 in 52 weeks. In spite of this, the price is down -16.77% from the 52-week high.

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Valuation Metrics

Hut 8 Mining Corp. (HUT) has a trailing price-to-earnings (P/E) ratio of 28.10, which compares with the 25.70 for the broader industry and 12.72 for the sector. In the last five years, Hut 8 Mining Corp.’s PE ratio has ranged between 112.14 and 7.780. The stock’s beta is 2.44. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 24.83, the price-to-book (PB) ratio at 3.84.

The quick ratio of Hut 8 Mining Corp. for the recent quarter was 18.50, and the current ratio was 18.50, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.02 for the recent quarter. Hut 8 Mining Corp.’s EBITDA margin is -5.90%, while its operating margin for the same period stands at 29.40%.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Hut 8 Mining Corp.’s return on assets was 18.10%. For the broader industry, ROE averaged 13.50 over the past year.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Hut 8 Mining Corp. (HUT) price momentum. RSI 9-day as of the close on 13 October was 64.60%, suggesting the stock is Neutral, with historical volatility in this time frame at 75.82%.

As of today, HUT’s price is $10.37 +7.02% or $0.71 from its 5-day moving average. HUT is currently trading +23.38% higher than its 20-day SMA and +173.23% higher than its 100-day SMA. However, the stock’s current price level is +124.02% above the SMA50 and +238.12% above the SMA200.

The stochastic %K and %D were 80.35% and 78.85%, respectively, and the average true range (ATR) was 0.85. With the 14-day stochastic at 88.44% and the average true range at 0.85, the RSI (14) stands at 62.43%. The stock has reached 0.41 on the 9-day MACD Oscillator while the 14-day reading was at 1.07.

Analyst Ratings

Canaccord Genuity launched coverage on Hut 8 Mining Corp. (NASDAQ: HUT) in its analyst report released on September 23, 2021. The firm assigned the stock a a Buy rating.The consensus rating for Hut 8 Mining Corp. (HUT) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell HUT, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 3 others rate it as a “buy”.

What is HUT’s price target for the next 12 months?

Analysts predict a range of price targets between $11.00 and $15.00, with a median target of $12.00. Taking a look at these predictions, the average price target given by analysts for Hut 8 Mining Corp. (HUT) stock is $12.67.


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