25 XP 0   0   10  
0coffee
Main menu
3rd party ad coffee SUPPORTERis ad-free.

Hut 8 Mining Corp
Buy, Hold or Sell?

Let's analyze Hut 8 Mining Corp together

I guess you are interested in Hut 8 Mining Corp. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Hut 8 Mining Corp. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

Get notifications about Hut 8 Mining Corp

I send you an email if I find something interesting about Hut 8 Mining Corp.

Quick analysis of Hut 8 Mining Corp (30 sec.)










What can you expect buying and holding a share of Hut 8 Mining Corp? (30 sec.)

How much money do you get?

How much money do you get?
C$0.00
When do you have the money?
1 year
How often do you get paid?
0.0%

What is your share worth?

Current worth
C$2.21
Expected worth in 1 year
C$-2.95
How sure are you?
44.4%

+ What do you gain per year?

Total Gains per Share
C$-5.16
Return On Investment
-19.3%

For what price can you sell your share?

Current Price per Share
C$26.76
Expected price per share
C$18.11 - C$29.90
How sure are you?
50%
3rd party ad coffee SUPPORTERis ad-free.

1. Valuation of Hut 8 Mining Corp (5 min.)




Live pricePrice per Share (EOD)

C$26.76

Intrinsic Value Per Share

C$-19.26 - C$-14.46

Total Value Per Share

C$-17.05 - C$-12.25

2. Growth of Hut 8 Mining Corp (5 min.)




Is Hut 8 Mining Corp growing?

Current yearPrevious yearGrowGrow %
How rich?$357.3m$565.8m-$208.5m-58.4%

How much money is Hut 8 Mining Corp making?

Current yearPrevious yearGrowGrow %
Making money-$242.7m-$72.6m-$170m-70.1%
Net Profit Margin-161.1%-41.8%--

How much money comes from the company's main activities?

3. Financial Health of Hut 8 Mining Corp (5 min.)




4. Comparing to competitors in the Capital Markets industry (5 min.)




  Industry Rankings (Capital Markets)  


Richest
#154 / 369

Most Revenue
#97 / 369

Most Profit
#368 / 369

Most Efficient
#336 / 369
3rd party ad coffee SUPPORTERis ad-free.

What can you expect buying and holding a share of Hut 8 Mining Corp? (5 min.)

Welcome investor! Hut 8 Mining Corp's management wants to use your money to grow the business. In return you get a share of Hut 8 Mining Corp.

What can you expect buying and holding a share of Hut 8 Mining Corp?

First you should know what it really means to hold a share of Hut 8 Mining Corp. And how you can make/lose money.

Speculation

The Price per Share of Hut 8 Mining Corp is C$26.76. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Hut 8 Mining Corp.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Hut 8 Mining Corp, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is C$2.21. Based on the TTM, the Book Value Change Per Share is C$-1.29 per quarter. Based on the YOY, the Book Value Change Per Share is C$2.78 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is C$0.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Hut 8 Mining Corp.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 C$% of Price per ShareC$% of Price per ShareC$% of Price per ShareC$% of Price per ShareC$% of Price per Share
Usd Eps-1.09-4.1%-1.09-4.1%-0.33-1.2%-0.39-1.5%-0.22-0.8%
Usd Book Value Change Per Share-0.94-3.5%-0.94-3.5%2.037.6%0.321.2%0.180.7%
Usd Dividend Per Share0.000.0%0.000.0%0.000.0%0.000.0%0.000.0%
Usd Total Gains Per Share-0.94-3.5%-0.94-3.5%2.037.6%0.321.2%0.180.7%
Usd Price Per Share16.05-16.05-6.35-11.13-6.18-
Price to Earnings Ratio-14.66--14.66--19.36-115.41-64.12-
Price-to-Total Gains Ratio-17.07--17.07-3.13-39.42-39.42-
Price to Book Ratio9.96-9.96-2.49-27.32-15.18-
Price-to-Total Gains Ratio-17.07--17.07-3.13-39.42-39.42-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share19.526772
Number of shares51
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.00
Usd Book Value Change Per Share-0.940.32
Usd Total Gains Per Share-0.940.32
Gains per Quarter (51 shares)-47.9616.43
Gains per Year (51 shares)-191.8565.73
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
10-192-20206656
20-384-3940131122
30-576-5860197188
40-767-7780263254
50-959-9700329320
60-1151-11620394386
70-1343-13540460452
80-1535-15460526518
90-1727-17380592584
100-1919-19300657650

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share0.01.00.00.0%1.02.00.033.3%2.03.00.040.0%2.07.00.022.2%2.08.00.020.0%
Book Value Change Per Share0.01.00.00.0%2.01.00.066.7%4.01.00.080.0%4.05.00.044.4%5.05.00.050.0%
Dividend per Share0.00.01.00.0%0.00.03.00.0%0.00.05.00.0%0.00.09.00.0%0.00.010.00.0%
Total Gains per Share0.01.00.00.0%2.01.00.066.7%4.01.00.080.0%4.05.00.044.4%5.05.00.050.0%
3rd party ad coffee SUPPORTERis ad-free.

Fundamentals of Hut 8 Mining Corp

About Hut 8 Mining Corp

Hut 8 Corp. operates as a vertically integrated operator of energy infrastructure and Bitcoin miners in North America. It operates in four segments: Digital Assets Mining, Managed Services, High Performance Computing " Colocation and Cloud, and Other. The company mines Bitcoin. It also offers managed services for energy infrastructure development, such as site design, procurement, and construction management; software automation, process design, personnel hiring, and team training; utilities contracts, hosting operations, and customer management; energy portfolio optimization and strategic initiatives; and finance, accounting, and safety services for digital asset mining site owners, governments, and data center developers. In addition, the company provides colocation, cloud, and connectivity services; hosting services, which include the provision of mining equipment and space, as well as monitors, troubleshoots, repairs, and maintains customer mining equipment; and equipment sales and repair services. Hut 8 Corp. was founded in 2017 and is based in Miami, Florida.

Fundamental data was last updated by Penke on 2024-07-09 21:34:04.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge loss.
Using its assets, the company is very inefficient in making profit.
Using its investors money, the company is very inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating very inefficient.
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is very able to pay all its short-term debts.
The company is just able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is overpriced.
Based on the earnings, the company is expensive.
Based on how much money comes from the company's main activities, the company is expensive.
3rd party ad coffee SUPPORTERis ad-free.

1.1. Profitability of Hut 8 Mining Corp.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Hut 8 Mining Corp earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare¬†Hut 8 Mining Corp to the¬†Capital Markets industry mean.
  • A Net Profit Margin of -161.1%¬†means that¬†$-1.61 for each $1¬†in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Hut 8 Mining Corp:

  • The MRQ is -161.1%. The company is making a huge loss. -2
  • The TTM is -161.1%. The company is making a huge loss. -2
Trends
Current periodCompared to+/- 
MRQ-161.1%TTM-161.1%0.0%
TTM-161.1%YOY-41.8%-119.3%
TTM-161.1%5Y-87.2%-73.9%
5Y-87.2%10Y-48.5%-38.8%
Compared to industry (Capital Markets)
PeriodCompanyIndustry (mean)+/- 
MRQ-161.1%12.7%-173.8%
TTM-161.1%9.1%-170.2%
YOY-41.8%10.5%-52.3%
5Y-87.2%12.2%-99.4%
10Y-48.5%12.9%-61.4%
1.1.2. Return on Assets

Shows how efficient Hut 8 Mining Corp is using its assets to generate profit.

  • Above 5% is considered healthy¬†but always compare¬†Hut 8 Mining Corp to the¬†Capital Markets industry mean.
  • -58.8% Return on Assets means that¬†Hut 8 Mining Corp generated¬†$-0.59 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Hut 8 Mining Corp:

  • The MRQ is -58.8%. Using its assets, the company is very inefficient in making profit. -2
  • The TTM is -58.8%. Using its assets, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-58.8%TTM-58.8%0.0%
TTM-58.8%YOY-10.1%-48.7%
TTM-58.8%5Y-44.9%-13.9%
5Y-44.9%10Y-39.3%-5.6%
Compared to industry (Capital Markets)
PeriodCompanyIndustry (mean)+/- 
MRQ-58.8%0.3%-59.1%
TTM-58.8%0.3%-59.1%
YOY-10.1%0.3%-10.4%
5Y-44.9%0.4%-45.3%
10Y-39.3%0.4%-39.7%
1.1.3. Return on Equity

Shows how efficient Hut 8 Mining Corp is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare¬†Hut 8 Mining Corp to the¬†Capital Markets industry mean.
  • -67.9% Return on Equity means Hut 8 Mining Corp generated $-0.68¬†for each¬†$1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Hut 8 Mining Corp:

  • The MRQ is -67.9%. Using its investors money, the company is very inefficient in making profit. -2
  • The TTM is -67.9%. Using its investors money, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-67.9%TTM-67.9%0.0%
TTM-67.9%YOY-12.8%-55.1%
TTM-67.9%5Y-97.8%+29.9%
5Y-97.8%10Y-88.7%-9.2%
Compared to industry (Capital Markets)
PeriodCompanyIndustry (mean)+/- 
MRQ-67.9%1.7%-69.6%
TTM-67.9%1.6%-69.5%
YOY-12.8%1.5%-14.3%
5Y-97.8%1.9%-99.7%
10Y-88.7%2.0%-90.7%
3rd party ad coffee SUPPORTERis ad-free.

1.2. Operating Efficiency of Hut 8 Mining Corp.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Hut 8 Mining Corp is operating .

  • Measures how much profit Hut 8 Mining Corp makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare¬†Hut 8 Mining Corp to the¬†Capital Markets industry mean.
  • An Operating Margin of -60.4%¬†means the company generated $-0.60 ¬†for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Hut 8 Mining Corp:

  • The MRQ is -60.4%. The company is operating very inefficient. -2
  • The TTM is -60.4%. The company is operating very inefficient. -2
Trends
Current periodCompared to+/- 
MRQ-60.4%TTM-60.4%0.0%
TTM-60.4%YOY28.0%-88.4%
TTM-60.4%5Y-30.8%-29.6%
5Y-30.8%10Y-17.1%-13.7%
Compared to industry (Capital Markets)
PeriodCompanyIndustry (mean)+/- 
MRQ-60.4%15.7%-76.1%
TTM-60.4%10.4%-70.8%
YOY28.0%16.0%+12.0%
5Y-30.8%5.2%-36.0%
10Y-17.1%9.7%-26.8%
1.2.2. Operating Ratio

Measures how efficient Hut 8 Mining Corp is keeping operating costs low.

  • Below 1 is considered healthy (always compare to¬†Capital Markets industry mean).
  • An Operation Ratio of 1.50 means that the operating costs are $1.50 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Hut 8 Mining Corp:

  • The MRQ is 1.501. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.501. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.501TTM1.5010.000
TTM1.501YOY0.721+0.780
TTM1.5015Y1.366+0.135
5Y1.36610Y0.759+0.607
Compared to industry (Capital Markets)
PeriodCompanyIndustry (mean)+/- 
MRQ1.5010.979+0.522
TTM1.5010.997+0.504
YOY0.7210.977-0.256
5Y1.3660.909+0.457
10Y0.7590.902-0.143
3rd party ad coffee SUPPORTERis ad-free.

1.3. Liquidity of Hut 8 Mining Corp.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Hut 8 Mining Corp is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to¬†Capital Markets industry mean).
  • A Current Ratio of 8.15¬†means the company has $8.15 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Hut 8 Mining Corp:

  • The MRQ is 8.151. The company is very able to pay all its short-term debts. +2
  • The TTM is 8.151. The company is very able to pay all its short-term debts. +2
Trends
Current periodCompared to+/- 
MRQ8.151TTM8.1510.000
TTM8.151YOY17.959-9.808
TTM8.1515Y6.302+1.849
5Y6.30210Y4.550+1.753
Compared to industry (Capital Markets)
PeriodCompanyIndustry (mean)+/- 
MRQ8.1512.476+5.675
TTM8.1511.682+6.469
YOY17.9591.859+16.100
5Y6.3022.095+4.207
10Y4.5502.125+2.425
1.3.2. Quick Ratio

Measures if Hut 8 Mining Corp is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but¬†always compare¬†Hut 8 Mining Corp to the¬†Capital Markets industry mean.
  • A Quick Ratio of 1.09¬†means the company can pay off $1.09 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Hut 8 Mining Corp:

  • The MRQ is 1.094. The company is just able to pay all its short-term debts with the most liquid assets.
  • The TTM is 1.094. The company is just able to pay all its short-term debts with the most liquid assets.
Trends
Current periodCompared to+/- 
MRQ1.094TTM1.0940.000
TTM1.094YOY5.434-4.340
TTM1.0945Y1.469-0.376
5Y1.46910Y1.865-0.395
Compared to industry (Capital Markets)
PeriodCompanyIndustry (mean)+/- 
MRQ1.0941.507-0.413
TTM1.0941.127-0.033
YOY5.4341.402+4.032
5Y1.4691.662-0.193
10Y1.8651.766+0.099
3rd party ad coffee SUPPORTERis ad-free.

1.4. Solvency of Hut 8 Mining Corp.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Hut 8 Mining Corp assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare¬†Hut 8 Mining Corp to Capital Markets industry mean.
  • A Debt to Asset Ratio of 0.13¬†means that Hut 8 Mining Corp assets are¬†financed with 13.5% credit (debt) and the remaining percentage (100% - 13.5%)¬†is financed by its owners/shareholders.¬†

Let's take a look of the Debt to Asset Ratio trends of Hut 8 Mining Corp:

  • The MRQ is 0.135. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.135. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.135TTM0.1350.000
TTM0.135YOY0.215-0.080
TTM0.1355Y0.312-0.177
5Y0.31210Y0.386-0.074
Compared to industry (Capital Markets)
PeriodCompanyIndustry (mean)+/- 
MRQ0.1350.621-0.486
TTM0.1350.620-0.485
YOY0.2150.609-0.394
5Y0.3120.593-0.281
10Y0.3860.593-0.207
1.4.2. Debt to Equity Ratio

Measures if Hut 8 Mining Corp is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but¬†always compare¬†Hut 8 Mining Corp to the¬†Capital Markets industry mean.
  • A Debt to Equity ratio of 15.5% means that company has $0.16 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Hut 8 Mining Corp:

  • The MRQ is 0.155. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.155. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.155TTM0.1550.000
TTM0.155YOY0.273-0.118
TTM0.1555Y0.578-0.423
5Y0.57810Y0.902-0.323
Compared to industry (Capital Markets)
PeriodCompanyIndustry (mean)+/- 
MRQ0.1551.525-1.370
TTM0.1551.593-1.438
YOY0.2731.534-1.261
5Y0.5781.510-0.932
10Y0.9021.692-0.790
3rd party ad coffee SUPPORTERis ad-free.

2. Market Valuation of Hut 8 Mining Corp

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Hut 8 Mining Corp generates.

  • Above 15 is considered overpriced but¬†always compare¬†Hut 8 Mining Corp to the¬†Capital Markets industry mean.
  • A PE ratio of -14.66 means the investor is paying $-14.66¬†for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Hut 8 Mining Corp:

  • The EOD is -17.836. Based on the earnings, the company is expensive. -2
  • The MRQ is -14.663. Based on the earnings, the company is expensive. -2
  • The TTM is -14.663. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-17.836MRQ-14.663-3.173
MRQ-14.663TTM-14.6630.000
TTM-14.663YOY-19.364+4.701
TTM-14.6635Y115.411-130.074
5Y115.41110Y64.117+51.294
Compared to industry (Capital Markets)
PeriodCompanyIndustry (mean)+/- 
EOD-17.8369.924-27.760
MRQ-14.6638.599-23.262
TTM-14.6638.369-23.032
YOY-19.3646.896-26.260
5Y115.4119.473+105.938
10Y64.11711.802+52.315
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Hut 8 Mining Corp:

  • The EOD is -24.366. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -20.032. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -20.032. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-24.366MRQ-20.032-4.334
MRQ-20.032TTM-20.0320.000
TTM-20.032YOY-8.447-11.584
TTM-20.0325Y-100.605+80.573
5Y-100.60510Y-55.892-44.713
Compared to industry (Capital Markets)
PeriodCompanyIndustry (mean)+/- 
EOD-24.3660.021-24.387
MRQ-20.0320.029-20.061
TTM-20.0320.078-20.110
YOY-8.447-0.004-8.443
5Y-100.605-0.415-100.190
10Y-55.892-0.272-55.620
3rd party ad coffee SUPPORTERis ad-free.
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Hut 8 Mining Corp is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy¬†(always compare to Capital Markets industry mean).
  • A PB ratio of 9.96 means the investor is paying $9.96¬†for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Hut 8 Mining Corp:

  • The EOD is 12.118. Based on the equity, the company is expensive. -2
  • The MRQ is 9.962. Based on the equity, the company is overpriced. -1
  • The TTM is 9.962. Based on the equity, the company is overpriced. -1
Trends
Current periodCompared to+/- 
EOD12.118MRQ9.962+2.155
MRQ9.962TTM9.9620.000
TTM9.962YOY2.488+7.474
TTM9.9625Y27.320-17.358
5Y27.32010Y15.178+12.142
Compared to industry (Capital Markets)
PeriodCompanyIndustry (mean)+/- 
EOD12.1181.018+11.100
MRQ9.9621.007+8.955
TTM9.9621.015+8.947
YOY2.4881.011+1.477
5Y27.3201.254+26.066
10Y15.1781.450+13.728
2. Total Gains per Share
3rd party ad coffee SUPPORTERis ad-free.

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Hut 8 Mining Corp compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share---1.289-1.2890%2.783-146%0.442-392%0.245-626%
Book Value Per Share--2.2082.2080%3.497-37%1.377+60%0.766+188%
Current Ratio--8.1518.1510%17.959-55%6.302+29%4.550+79%
Debt To Asset Ratio--0.1350.1350%0.215-37%0.312-57%0.386-65%
Debt To Equity Ratio--0.1550.1550%0.273-43%0.578-73%0.902-83%
Dividend Per Share----0%-0%-0%-0%
Eps---1.500-1.5000%-0.449-70%-0.533-64%-0.296-80%
Free Cash Flow Per Share---1.098-1.0980%-1.030-6%-0.541-51%-0.300-73%
Free Cash Flow To Equity Per Share---0.481-0.4810%1.787-127%0.245-296%0.136-454%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max---14.457--------
Intrinsic Value_10Y_min---19.262--------
Intrinsic Value_1Y_max---0.738--------
Intrinsic Value_1Y_min---1.039--------
Intrinsic Value_3Y_max---2.759--------
Intrinsic Value_3Y_min---3.911--------
Intrinsic Value_5Y_max---5.433--------
Intrinsic Value_5Y_min---7.629--------
Market Cap5933494800.000+18%4878060000.0004878060000.0000%1929051000.000+153%3381382500.000+44%1878545833.333+160%
Net Profit Margin---1.611-1.6110%-0.418-74%-0.872-46%-0.485-70%
Operating Margin---0.604-0.6040%0.280-315%-0.308-49%-0.171-72%
Operating Ratio--1.5011.5010%0.721+108%1.366+10%0.759+98%
Pb Ratio12.118+18%9.9629.9620%2.488+300%27.320-64%15.178-34%
Pe Ratio-17.836-22%-14.663-14.6630%-19.364+32%115.411-113%64.117-123%
Price Per Share26.760+18%22.00022.0000%8.700+153%15.250+44%8.472+160%
Price To Free Cash Flow Ratio-24.366-22%-20.032-20.0320%-8.447-58%-100.605+402%-55.892+179%
Price To Total Gains Ratio-20.763-22%-17.070-17.0700%3.126-646%39.418-143%39.418-143%
Quick Ratio--1.0941.0940%5.434-80%1.469-26%1.865-41%
Return On Assets---0.588-0.5880%-0.101-83%-0.449-24%-0.393-33%
Return On Equity---0.679-0.6790%-0.128-81%-0.978+44%-0.887+31%
Total Gains Per Share---1.289-1.2890%2.783-146%0.442-392%0.245-626%
Usd Book Value--357304930.458357304930.4580%565832513.820-37%222801599.709+60%123876628.959+188%
Usd Book Value Change Per Share---0.940-0.9400%2.031-146%0.322-392%0.179-626%
Usd Book Value Per Share--1.6111.6110%2.552-37%1.005+60%0.559+188%
Usd Dividend Per Share----0%-0%-0%-0%
Usd Eps---1.095-1.0950%-0.328-70%-0.389-64%-0.216-80%
Usd Free Cash Flow---177692693.738-177692693.7380%-166633178.861-6%-87453680.844-51%-48617264.988-73%
Usd Free Cash Flow Per Share---0.801-0.8010%-0.752-6%-0.394-51%-0.219-73%
Usd Free Cash Flow To Equity Per Share---0.351-0.3510%1.304-127%0.179-296%0.099-454%
Usd Market Cap4329671155.560+18%3559520382.0003559520382.0000%1407628514.700+153%2467394810.250+44%1370774894.583+160%
Usd Price Per Share19.527+18%16.05316.0530%6.348+153%11.128+44%6.182+160%
Usd Profit---242755203.222-242755203.2220%-72693126.735-70%-87154661.837-64%-48476878.746-80%
Usd Revenue--150646133.164150646133.1640%173732615.580-13%99295504.064+52%55164168.924+173%
Usd Total Gains Per Share---0.940-0.9400%2.031-146%0.322-392%0.179-626%
 EOD+5 -3MRQTTM+0 -0YOY+6 -275Y+13 -2010Y+13 -20

3.2. Fundamental Score

Let's check the fundamental score of Hut 8 Mining Corp based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15-17.836
Price to Book Ratio (EOD)Between0-112.118
Net Profit Margin (MRQ)Greater than0-1.611
Operating Margin (MRQ)Greater than0-0.604
Quick Ratio (MRQ)Greater than11.094
Current Ratio (MRQ)Greater than18.151
Debt to Asset Ratio (MRQ)Less than10.135
Debt to Equity Ratio (MRQ)Less than10.155
Return on Equity (MRQ)Greater than0.15-0.679
Return on Assets (MRQ)Greater than0.05-0.588
Total4/10 (40.0%)

3.3. Technical Score

Let's check the technical score of Hut 8 Mining Corp based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
OpenGreater thanClose24.930
Total0/1 (0.0%)



Latest Balance Sheet

Balance Sheet of 2023-06-30. Currency in USD. All numbers in thousands.

Summary
Total Assets412,937
Total Liabilities55,547
Total Stockholder Equity357,390
 As reported
Total Liabilities 55,547
Total Stockholder Equity+ 357,390
Total Assets = 412,937

Assets

Total Assets412,937
Total Current Assets245,623
Long-term Assets167,314
Total Current Assets
Cash And Cash Equivalents 30,515
Short-term Investments 851
Net Receivables 1,589
Inventory 9,892
Other Current Assets 203,627
Total Current Assets  (as reported)245,623
Total Current Assets  (calculated)246,474
+/- 851
Long-term Assets
Property Plant Equipment 124,959
Goodwill 11,543
Long Term Investments 93,583
Intangible Assets 3,592
Other Assets 27,220
Long-term Assets  (as reported)167,314
Long-term Assets  (calculated)260,897
+/- 93,583

Liabilities & Shareholders' Equity

Total Current Liabilities30,133
Long-term Liabilities31,414
Total Stockholder Equity357,390
Total Current Liabilities
Short-term Debt 16,217
Short Long Term Debt 1,299
Accounts payable 5,959
Other Current Liabilities 7,957
Total Current Liabilities  (as reported)30,133
Total Current Liabilities  (calculated)31,432
+/- 1,299
Long-term Liabilities
Capital Lease Obligations 1,338
Other Liabilities 212
Long-term Liabilities  (as reported)31,414
Long-term Liabilities  (calculated)1,550
+/- 29,864
Total Stockholder Equity
Common Stock767,641
Retained Earnings -431,073
Other Stockholders Equity 20,822
Total Stockholder Equity (as reported)357,390
Total Stockholder Equity (calculated)357,390
+/-0
Other
Capital Stock98,503
Cash and Short Term Investments 30,515
Common Stock Shares Outstanding 220,547
Liabilities and Stockholders Equity 412,937
Net Debt 16,904
Net Invested Capital 80,060
Net Tangible Assets 336,255
Net Working Capital 9,034
Property Plant and Equipment Gross 85,950
Short Long Term Debt Total 47,419



Balance Sheet

Currency in USD. All numbers in thousands.

 Trend2023-06-302022-06-302021-06-302020-06-302019-06-302017-06-302016-06-302015-06-302014-06-302013-06-302012-06-30
> Total Assets 
500
608
548
411
336
292
82,895
71,237
145,202
720,709
412,937
412,937720,709145,20271,23782,895292336411548608500
   > Total Current Assets 
462
608
548
411
336
292
3,636
14,695
105,321
468,079
245,623
245,623468,079105,32114,6953,636292336411548608462
       Cash And Cash Equivalents 
462
598
540
396
329
286
3,557
2,946
2,816
140,127
30,515
30,515140,1272,8162,9463,557286329396540598462
       Short-term Investments 
0
0
0
0
0
0
0
0
3,018
847
851
8518473,01800000000
       Net Receivables 
0
10
8
14
7
5
0
943
451
647
1,589
1,589647451943057148100
       Other Current Assets 
0
0
0
0
0
0
80
10,484
75,505
323,946
203,627
203,627323,94675,50510,48480000000
   > Long-term Assets 
38
0
0
0
0
0
79,259
56,542
39,882
252,629
167,314
167,314252,62939,88256,54279,2590000038
       Property Plant Equipment 
0
0
0
0
0
0
58,127
34,382
33,324
206,887
124,959
124,959206,88733,32434,38258,127000000
       Goodwill 
0
0
0
0
0
0
0
0
0
0
11,543
11,5430000000000
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
93,583
93,5830000000000
       Intangible Assets 
0
0
0
0
0
0
381
625
604
0
3,592
3,5920604625381000000
       Long-term Assets Other 
38
0
0
0
0
0
20,751
21,535
5,953
45,742
27,220
27,22045,7425,95321,53520,7510000038
> Total Liabilities 
0
22
187
131
162
224
50,236
28,535
29,647
154,741
55,547
55,547154,74129,64728,53550,236224162131187220
   > Total Current Liabilities 
0
22
187
131
162
224
21,940
8,728
29,647
26,064
30,133
30,13326,06429,6478,72821,940224162131187220
       Short-term Debt 
0
0
0
0
0
0
4,070
6,232
25,757
16,494
16,217
16,21716,49425,7576,2324,070000000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
4,092
77,215
1,299
1,29977,2154,09200000000
       Accounts payable 
0
0
0
0
0
0
16,869
564
3,726
7,067
5,959
5,9597,0673,72656416,869000000
       Other Current Liabilities 
0
22
187
131
162
224
1,001
1,933
164
2,502
7,957
7,9572,5021641,9331,001224162131187220
   > Long-term Liabilities 
0
0
0
0
0
0
28,296
19,807
307
128,677
31,414
31,414128,67730719,80728,296000000
       Other Liabilities 
0
0
0
0
0
0
0
0
0
104,477
212
212104,477000000000
> Total Stockholder Equity
500
586
361
279
174
68
32,659
42,702
115,555
565,967
357,390
357,390565,967115,55542,70232,65968174279361586500
   Common Stock
500
658
658
658
658
658
162,733
170,623
178,231
636,597
767,641
767,641636,597178,231170,623162,733658658658658658500
   Retained Earnings Total Equity00000000000
   Accumulated Other Comprehensive Income 
0
97
97
97
97
97
4,062
0
45,681
103,540
0
0103,54045,68104,06297979797970
   Capital Surplus 00000000000
   Treasury Stock00000000000
   Other Stockholders Equity 
0
0
0
0
0
0
2,535
6,668
7,192
14,089
20,822
20,82214,0897,1926,6682,535000000



Balance Sheet

Currency in USD. All numbers in thousands.




Cash Flow

Currency in USD. All numbers in thousands.




Income Statement

Currency in USD. All numbers in thousands.


Latest Income Statement (annual, 2023-06-30)

Gross Profit (+$)
totalRevenue150,682
Cost of Revenue-175,649
Gross Profit-24,967-24,967
 
Operating Income (+$)
Gross Profit-24,967
Operating Expense-50,469
Operating Income-90,960-75,436
 
Operating Expense (+$)
Research Development0
Selling General Administrative42,161
Selling And Marketing Expenses0
Operating Expense50,46942,161
 
Net Interest Income (+$)
Interest Income0
Interest Expense-7,592
Other Finance Cost-20,343
Net Interest Income-27,935
 
Pretax Income (+$)
Operating Income-90,960
Net Interest Income-27,935
Other Non-Operating Income Expenses0
Income Before Tax (EBT)-233,22051,300
EBIT - interestExpense = -98,552
-233,220
-235,221
Interest Expense7,592
Earnings Before Interest and Taxes (EBIT)-90,960-225,628
Earnings Before Interest and Taxes (EBITDA)3,568
 
After tax Income (+$)
Income Before Tax-233,220
Tax Provision--1,198
Net Income From Continuing Ops-65,611-232,022
Net Income-242,813
Net Income Applicable To Common Shares-242,813
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses226,118
Total Other Income/Expenses Net-142,26027,935
 

Technical Analysis of Hut 8 Mining Corp
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Hut 8 Mining Corp. The general trend of Hut 8 Mining Corp is UNKNOWN with 0.0% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Hut 8 Mining Corp's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator StateBullish trend Bearish trend
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Hut 8 Mining Corp.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is 0/(-1 +1).

  • Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: 29.90.

The bearish price targets are: 24.33 > 19.52 > 18.11.

Tweet this
Hut 8 Mining Corp Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging¬†trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Hut 8 Mining Corp. The current mas is .

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Hut 8 Mining Corp Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a¬†lagging momentum¬†indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Hut 8 Mining Corp.

Hut 8 Mining Corp Daily Moving Average Convergence/Divergence (MACD) ChartHut 8 Mining Corp Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Hut 8 Mining Corp. The current adx is .

Hut 8 Mining Corp Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows¬†the current trend.
  • Shows¬†potential entry signals.
  • Shows¬†¬†potential exit signals.
  • Can be used to place¬†trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Hut 8 Mining Corp.

Hut 8 Mining Corp Daily Parabolic SAR Chart
3rd party ad coffee SUPPORTERis ad-free.

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum¬†indicator, meaning the signals are instant.
  • Ranges¬†between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Hut 8 Mining Corp.

Hut 8 Mining Corp Daily Relative Strength Index (RSI) ChartHut 8 Mining Corp Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading¬†momentum¬†indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges¬†between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Hut 8 Mining Corp.

Hut 8 Mining Corp Daily Stochastic Oscillator ChartHut 8 Mining Corp Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero,¬†the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Hut 8 Mining Corp.

Hut 8 Mining Corp Daily Commodity Channel Index (CCI) ChartHut 8 Mining Corp Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Hut 8 Mining Corp.

Hut 8 Mining Corp Daily Chande Momentum Oscillator (CMO) ChartHut 8 Mining Corp Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and¬†-100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Hut 8 Mining Corp.

Hut 8 Mining Corp Daily Williams %R ChartHut 8 Mining Corp Daily Williams %R Chart
3rd party ad coffee SUPPORTERis ad-free.

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold¬†

Score

Let's take a look at the Bollinger Bands of Hut 8 Mining Corp.

Hut 8 Mining Corp Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Hut 8 Mining Corp.

Hut 8 Mining Corp Daily Average True Range (ATR) ChartHut 8 Mining Corp Daily Average True Range (ATR) Chart
3rd party ad coffee SUPPORTERis ad-free.

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Hut 8 Mining Corp.

Hut 8 Mining Corp Daily On-Balance Volume (OBV) ChartHut 8 Mining Corp Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Hut 8 Mining Corp.

Hut 8 Mining Corp Daily Money Flow Index (MFI) ChartHut 8 Mining Corp Daily Money Flow Index (MFI) Chart
3rd party ad coffee SUPPORTERis ad-free.

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Hut 8 Mining Corp.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2024-02-29CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-01STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-04STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-05MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-06STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-07CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-03-11STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-03-12DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-13DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-03-14STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-15STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-19MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-20WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-22STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-25STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-26BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-03-27STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-28BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-04-02ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-04-04STOCH SHORT EXITThe %K line crosses above the %D line.
2024-04-05SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-04-08MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-04-09WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-04-15DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-04-16STOCH SHORT EXITThe %K line crosses above the %D line.
2024-04-18DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-04-22SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-04-23MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-04-24STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-29CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-04-30MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-05-01SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-05-02STOCH SHORT EXITThe %K line crosses above the %D line.
2024-05-06MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-05-07MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-05-10WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-05-15MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-05-16WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-05-17SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH LONG EXITThe %K line crosses below the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-05-21STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-05-22STOCH LONG EXITThe %K line crosses below the %D line.
2024-05-23ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-05-27STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-05-28STOCH LONG EXITThe %K line crosses below the %D line.
2024-05-31MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-06-03STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-06-04MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-06-05CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-06-06SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-06-07STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-06-11STOCH SHORT EXITThe %K line crosses above the %D line.
2024-06-12CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-06-13WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-06-14STOCH LONG EXITThe %K line crosses below the %D line.
2024-06-17STOCH SHORT EXITThe %K line crosses above the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-06-18RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2024-06-19STOCH LONG EXITThe %K line crosses below the %D line.
2024-06-20BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-06-21RSI SHORT ENTRY LONG CLOSE70 crossover to downside
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-06-25STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-06-27STOCH LONG EXITThe %K line crosses below the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-07-02STOCH SHORT EXITThe %K line crosses above the %D line.
2024-07-04SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-07-05STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-07-08SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-07-09RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-07-11MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-07-12SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-07-15MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-07-17RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.

6.3. Candlestick Patterns

Hut 8 Mining Corp Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Hut 8 Mining Corp based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
OpenGreater thanClose24.930
Total0/1 (0.0%)
Penke

Good job! You gained 25 XP and 0   0   10 . What's next:

  • Share my analysis of Hut 8 Mining Corp with someone you think should read this too:
  • Are you bullish or bearish on Hut 8 Mining Corp? Let me know what you think in the comments.
  • Do you want an email if I find something interesting about Hut 8 Mining Corp? Add an email alert using the form below.
  • Join the community if you want to keep your earnings and track your progress: Join the community
  • Is this analysis useful to you? Support me via But Me a Coffee. I'll analyze the stock market faster for you!

Get notifications about Hut 8 Mining Corp

I send you an email if I find something interesting about Hut 8 Mining Corp.