Buy, Sell or Hold: Hut 8 Mining Corp. (HUT-T) — Stock Predictions at Stockchase

TSE:HUT

2.23

0.11 (5.19%) 1d

Showing 1 to 5 of 5 entries

TOP PICK

Blockchain miner. Blockchain is like the internet in 1995-96. Once it gets going, you can't stop it. Technology moving forward is diversifying. Investors can participate in the building of the network. $20 target. No dividend. (Analysts’ price target is $22.99)

Technology

RISKY BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Recently added to the TSX index. A Canadian bitcoin mining company. They have strong revenue growth, low debt levels and good profitability. Valuation is good. There is risk but the company should continue to perform well in the future. Unlock Premium - Try 5i Free

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TOP PICK

Hut-8 is another Canadian Bitcoin miner headquarted in Toronto, though it trades on the TSX. Daily volumes average 2.5 million, but swing wildly. Over 12 months, Bitfarms outperforms HUT-T 753% vs 858%, but the stocks have run in parallel the past month. Neither stock pays a dividend (no surprise). HUT's EPS in -0.22 while BITF's is -0.12. Out of Vancouver comes another miner, HIVE Blockchain Technologies (HIVE on the Venture). HIVE boasts a positive EPS of 0.05 with average volumes of 8 million. Over the past year, HIVE stock has performed twice as well as BITF or HUT, but badly lags them since Bitcoin boomed last fall. At least, some Bay Street analysts have looked at HIVE and one (Jaime Carrasco) recommends it. There's scant coverage on the other names.

Technology

PAST TOP PICK

(A Top Pick May 14/18, Down 21%) It had a tough go since he was on. He continues to believe it is one of the best plays to get exposure to bit coin. It is a well run company.

Technology

TOP PICK

If you can't buy the coin directly this is a very interesting leveraged play. It is one of the biggest bit coin miners out there. Two years from now the net asset value of the company could double. (Analysts’ target: $7.85).

Technology

Showing 1 to 5 of 5 entries

Hut 8 Mining Corp.(HUT-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 1

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 1

Stockchase rating for Hut 8 Mining Corp. is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Hut 8 Mining Corp.(HUT-T) Frequently Asked Questions

What is Hut 8 Mining Corp. stock symbol?

Hut 8 Mining Corp. is a Canadian stock, trading under the symbol HUT-T on the Toronto Stock Exchange (HUT-CT). It is usually referred to as TSX:HUT or HUT-T

Is Hut 8 Mining Corp. a buy or a sell?

In the last year, 1 stock analyst published opinions about HUT-T. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Hut 8 Mining Corp..

Is Hut 8 Mining Corp. a good investment or a top pick?

Hut 8 Mining Corp. was recommended as a Top Pick by on . Read the latest stock experts ratings for Hut 8 Mining Corp..

Why is Hut 8 Mining Corp. stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Hut 8 Mining Corp. worth watching?

1 stock analyst on Stockchase covered Hut 8 Mining Corp. In the last year. It is a trending stock that is worth watching.

What is Hut 8 Mining Corp. stock price?

On 2022-06-24, Hut 8 Mining Corp. (HUT-T) stock closed at a price of $2.23.

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