Hut 8 Statistics

Share Statistics

Hut 8 has 115.22M shares outstanding. The number of shares has increased by 0.02% in one year.

Shares Outstanding	115.22M
Shares Change (YoY)	0.02%
Shares Change (QoQ)	-0.05%
Owned by Institutions (%)	57.23%
Shares Floating	93.54M
Failed to Deliver (FTD) Shares	4,948
FTD / Avg. Volume	0.08%

Short Selling Information

The latest short interest is 16.58M, so 15.91% of the outstanding shares have been sold short.

Short Interest	16.58M
Short % of Shares Out	15.91%
Short % of Float	17.67%
Short Ratio (days to cover)	2.31

Valuation Ratios

The PE ratio is 5.89 and the forward PE ratio is -129.5. Hut 8's PEG ratio is 0.01.

PE Ratio	5.89
Forward PE	-129.5
PS Ratio	2.91
Forward PS	4.3
PB Ratio	2
P/FCF Ratio	-5.86
PEG Ratio	0.01

Financial Ratio History

Enterprise Valuation

Hut 8 has an Enterprise Value (EV) of 2.21B.

EV / Sales	3.3
EV / EBITDA	4.17
EV / EBIT	-32.3
EV / FCF	-6.65

Financial Position

The company has a current ratio of 1.67, with a Debt / Equity ratio of 0.35.

Current Ratio	1.67
Quick Ratio	1.67
Debt / Equity	0.35
Debt / EBITDA	0.65
Debt / FCF	-1.04
Interest Coverage	15.46

Financial Efficiency

Return on Equity is 33.98% and Return on Invested Capital is 24%.

Return on Equity	33.98%
Return on Assets	21.85%
Return on Invested Capital	24%
Revenue Per Employee	$3.03M
Profits Per Employee	$1.49M
Employee Count	222
Asset Turnover	0.44
Inventory Turnover	n/a

Taxes

Income Tax	113.46M
Effective Tax Rate	25.11%

Stock Price Statistics

The stock price has increased by 80.6% in the last 52 weeks. The beta is 4.46, so Hut 8's price volatility has been higher than the market average.

Beta	4.46
52-Week Price Change	80.6%
50-Day Moving Average	19.33
200-Day Moving Average	18.79
Relative Strength Index (RSI)	45.5
Average Volume (20 Days)	6,301,933

Income Statement

In the last 12 months, Hut 8 had revenue of 671.72M and earned 331.88M in profits. Earnings per share was 3.48.

Revenue	671.72M
Gross Profit	585.07M
Operating Income	460.54M
Net Income	331.88M
EBITDA	531.11M
EBIT	481.7M
Earnings Per Share (EPS)	3.48

Full Income Statement

Balance Sheet

The company has 85.04M in cash and 345.65M in debt, giving a net cash position of -260.61M.

Cash & Cash Equivalents	85.04M
Total Debt	345.65M
Net Cash	-260.61M
Retained Earnings	231.63M
Total Assets	1.57B
Working Capital	55.91M

Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was -68.53M and capital expenditures -264.6M, giving a free cash flow of -333.13M.

Operating Cash Flow	-68.53M
Capital Expenditures	-264.6M
Free Cash Flow	-333.13M
FCF Per Share	-3.49

Full Cash Flow Statement

Margins

Gross margin is 87.1%, with operating and profit margins of 68.56% and 49.41%.

Gross Margin	87.1%
Operating Margin	68.56%
Pretax Margin	67.28%
Profit Margin	49.41%
EBITDA Margin	79.07%
EBIT Margin	68.56%
FCF Margin	-49.59%

Dividends & Yields

HUT does not appear to pay any dividends at this time.

Dividend Per Share	n/a
Dividend Yield	n/a
Dividend Growth (YoY)	n/a
Payout Ratio	n/a
Earnings Yield	16.99%
FCF Yield	-17.05%

Dividend Details

Analyst Forecast

The average price target for HUT is $27.5, which is 33.7% higher than the current price. The consensus rating is "Buy".

Price Target	$27.5
Price Target Difference	33.7%
Analyst Consensus	Buy
Analyst Count	14

Stock Forecasts

Fair Value

There are several formulas that can be used to estimate the intrinsic value of a stock.

Lynch Fair Value	$87
Lynch Upside	322.95%
Graham Number	28.33
Graham Upside	37.72%

Stock Splits

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

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

Scores

Altman Z-Score	2.63
Piotroski F-Score	2

Hut 8 Corp. (HUT)