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HUT
Stock ticker: NASDAQ
AS OF
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Price
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Capitalization
429.29M

HUT Price Prediction, Hut 8 Mining Corp AI Recommendations

Stock market charts, price targets, analyst ratings and a financial calendar

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for HUT with price predictions
08:00 PM EDT Sep 25, 2023

Momentum Indicator for HUT turns negative, indicating new downward trend

HUT saw its Momentum Indicator move below the 0 level on September 01, 2023. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 76 similar instances where the indicator turned negative. In of the 76 cases, the stock moved further down in the following days. The odds of a decline are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Moving Average Convergence Divergence Histogram (MACD) for HUT turned negative on September 22, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 39 similar instances when the indicator turned negative. In of the 39 cases the stock turned lower in the days that followed. This puts the odds of success at .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where HUT declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for HUT entered a downward trend on September 20, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The RSI Indicator shows that the ticker has stayed in the oversold zone for 4 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an Uptrend is expected.

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 14 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where HUT advanced for three days, in of 244 cases, the price rose further within the following month. The odds of a continued upward trend are .

HUT may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. HUT’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.173) is normal, around the industry mean (4.686). P/E Ratio (12.837) is within average values for comparable stocks, (35.689). HUT's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (2.324). HUT has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.035). P/S Ratio (5.855) is also within normal values, averaging (129.879).

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. HUT’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 77, placing this stock worse than average.

A.I. Advisor
published Earnings

HUT is expected to report earnings to fall 29.00% to -5 cents per share on November 09

Hut 8 Mining Corp HUT Stock Earnings Reports
Q3'23
Est.
$-0.06
Q2'23
Missed
by $0.02
Q1'23
Missed
by $0.38
Q4'22
Beat
by $1.00
Q3'22
Missed
by $0.10
The last earnings report on August 14 showed earnings per share of -7 cents, missing the estimate of -5 cents. With 6.57M shares outstanding, the current market capitalization sits at 429.29M.
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Morgan Stanley (NYSE:MS), Goldman Sachs Group (NYSE:GS), Charles Schwab Corp (The) (NYSE:SCHW), CME Group (NASDAQ:CME).

Industry description

These banks specialize in underwriting (helping companies with debt financing or equity issuances), IPOs, facilitating mergers and other corporate reorganizations and acting as a broker or financial advisor for institutions. They might also trade securities on their own accounts. Investment banks potentially thrive on expanding its network of clients, since that could help them increase profits. Goldman Sachs, Morgan Stanley and CME Group Inc are some of the largest investment banking companies.

Market Cap

The average market capitalization across the Investment Banks/Brokers Industry is 9.46B. The market cap for tickers in the group ranges from 13 to 928.5B. PKRSF holds the highest valuation in this group at 928.5B. The lowest valued company is BFCH at 13.

High and low price notable news

The average weekly price growth across all stocks in the Investment Banks/Brokers Industry was -1%. For the same Industry, the average monthly price growth was -2%, and the average quarterly price growth was 404%. SKYC experienced the highest price growth at 139%, while LGHL experienced the biggest fall at -27%.

Volume

The average weekly volume growth across all stocks in the Investment Banks/Brokers Industry was -21%. For the same stocks of the Industry, the average monthly volume growth was -2% and the average quarterly volume growth was -33%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 53
P/E Growth Rating: 64
Price Growth Rating: 58
SMR Rating: 69
Profit Risk Rating: 77
Seasonality Score: -15 (-100 ... +100)
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

Industry InvestmentBanksBrokers

Profile
Fundamentals
Details
Industry
N/A
Address
24 Duncan Street
Phone
+1 647 256-1992
Employees
99
Web
https://www.hut8mining.com
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HUT and

Correlation & Price change

A.I.dvisor indicates that over the last year, HUT has been closely correlated with MARA. These tickers have moved in lockstep 84% of the time. This A.I.-generated data suggests there is a high statistical probability that if HUT jumps, then MARA could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To HUT
1D Price
Change %
HUT100%
-3.65%
MARA - HUT
84%
Closely correlated
-3.62%
HIVE - HUT
84%
Closely correlated
-2.33%
RIOT - HUT
81%
Closely correlated
-2.16%
BITF - HUT
80%
Closely correlated
-3.77%
BTBT - HUT
73%
Closely correlated
-1.94%
More