Hut 8 (TSE:HUT – Get Free Report) was upgraded by equities researchers at HC Wainwright from a “strong sell” rating to a “strong-buy” rating in a note issued to investors on Wednesday, Zacks.com reports.
Separately, Craig Hallum upgraded Hut 8 from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 16th.
Check Out Our Latest Analysis on HUT
Hut 8 Stock Up 6.2 %
Hut 8 (TSE:HUT – Get Free Report) last issued its earnings results on Wednesday, May 15th. The company reported C($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.08) by C($0.15). The company had revenue of C$69.75 million during the quarter, compared to analysts’ expectations of C$72.44 million. Hut 8 had a net margin of 156.36% and a negative return on equity of 122.68%. As a group, sell-side analysts predict that Hut 8 will post -0.52 EPS for the current fiscal year.
Hut 8 Company Profile
Hut 8 Corp., together with its subsidiaries, acquires, builds, manages, and operates data centers for digital assets mining, computing, and artificial intelligence in the United States. It operates in four segments: Digital Assets Mining, Managed Services, High Performance Computing Colocation and Cloud, and Other.
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