Hut 8 Mining Corp. (HUT)
NASDAQ: HUT · IEX Real-Time Price · USD
7.24
0.00 (0.00%)
At close: Apr 16, 2024, 4:00 PM
7.33
+0.09 (1.24%)
Pre-market: Apr 17, 2024, 4:06 AM EDT

Hut 8 Mining Statistics

Total Valuation

Hut 8 Mining has a market cap or net worth of $646.08 million. The enterprise value is $771.19 million.

Market Cap 646.08M
Enterprise Value 771.19M

Important Dates

The next estimated earnings date is Thursday, May 9, 2024, before market open.

Earnings Date May 9, 2024
Ex-Dividend Date n/a

Share Statistics

Hut 8 Mining has 89.24 million shares outstanding. The number of shares has increased by 59.30% in one year.

Shares Outstanding 89.24M
Shares Change (YoY) +59.30%
Shares Change (QoQ) +41.88%
Owned by Insiders (%) 57.17%
Owned by Institutions (%) 11.12%
Float 78.71M

Valuation Ratios

The trailing PE ratio is 6.17 and the forward PE ratio is 29.41.

PE Ratio 6.17
Forward PE 29.41
PS Ratio 11.48
Forward PS 6.88
PB Ratio 1.83
P/FCF Ratio n/a
PEG Ratio n/a
Financial Ratio History

Enterprise Valuation

EV / Earnings 5.14
EV / Sales 13.70
EV / EBITDA n/a
EV / EBIT 6.05
EV / FCF n/a

Financial Position

The company has a current ratio of 0.55, with a Debt / Equity ratio of 0.42.

Current Ratio 0.55
Quick Ratio 0.30
Debt / Equity 0.42
Debt / EBITDA n/a
Debt / FCF n/a
Interest Coverage 5.35

Financial Efficiency

Return on equity (ROE) is 60.60% and return on invested capital (ROIC) is 21.23%.

Return on Equity (ROE) 60.60%
Return on Assets (ROA) 33.90%
Return on Capital (ROIC) 21.23%
Revenue Per Employee $574,408
Profits Per Employee $1.53M
Employee Count 98
Asset Turnover 0.13
Inventory Turnover n/a

Taxes

Income Tax -4.80M
Effective Tax Rate -3.31%

Stock Price Statistics

The stock price has decreased by -26.87% in the last 52 weeks. The beta is 3.45, so Hut 8 Mining's price volatility has been higher than the market average.

Beta (1Y) 3.45
52-Week Price Change -26.87%
50-Day Moving Average 8.54
200-Day Moving Average 11.12
Relative Strength Index (RSI) 37.01
Average Volume (30 Days) 5,086,395

Short Selling Information

The latest short interest is 9.16 million, so 10.26% of the outstanding shares have been sold short.

Short Interest 9.16M
Short Previous Month 9.56M
Short % of Shares Out 10.26%
Short % of Float 11.63%
Short Ratio (days to cover) 1.88

Income Statement

In the last 12 months, Hut 8 Mining had revenue of $56.29 million and earned $149.92 million in profits. Earnings per share was $1.17.

Revenue 56.29M
Gross Profit 23.63M
Operating Income 101.54M
Pretax Income 103.71M
Net Income 149.92M
EBITDA n/a
EBIT 127.57M
Earnings Per Share (EPS) $1.17
Full Income Statement

Balance Sheet

The company has $22.41 million in cash and $147.52 million in debt, giving a net cash position of -$125.12 million or -$1.40 per share.

Cash & Cash Equivalents 22.41M
Total Debt 147.52M
Net Cash -125.12M
Net Cash Per Share -$1.40
Equity / Book Value 352.95M
Book Value Per Share 3.96
Working Capital -36.87M
Full Balance Sheet

Cash Flow

Operating Cash Flow n/a
Capital Expenditures n/a
Free Cash Flow n/a
FCF Per Share n/a
Full Cash Flow Statement

Margins

Gross margin is 41.98%, with operating and profit margins of 180.39% and 266.32%.

Gross Margin 41.98%
Operating Margin 180.39%
Pretax Margin 184.24%
Profit Margin 266.32%
EBITDA Margin n/a
EBIT Margin 226.62%
FCF Margin n/a

Dividends & Yields

Hut 8 Mining does not appear to pay any dividends at this time.

Dividend Per Share n/a
Dividend Yield n/a
Dividend Growth (YoY) n/a
Years of Dividend Growth n/a
Payout Ratio n/a
Buyback Yield -39.62%
Shareholder Yield -39.62%
Earnings Yield 23.20%
FCF Yield n/a

Analyst Forecast

The average price target for Hut 8 Mining is $11.75, which is 62.29% higher than the current price. The consensus rating is "Buy".

Price Target $11.75
Price Target Difference 62.29%
Analyst Consensus Buy
Analyst Count 4
Revenue Growth Forecast (5Y) 1.59%
EPS Growth Forecast (5Y) -4.98%
Stock Forecasts

Stock Splits

The last stock split was on December 4, 2023. It was a reverse split with a ratio of 1:5.

Last Split Date Dec 4, 2023
Split Type Reverse
Split Ratio 1:5

Scores

Hut 8 Mining has an Altman Z-Score of 2.73 and a Piotroski F-Score of 3. A Z-score under 3 suggests an increased risk of bankruptcy.

Altman Z-Score 2.73
Piotroski F-Score 3