How to Buy Hut 8 Stock
Hut 8 Corp
Hut 8 Mining Corp. operates as a cryptocurrency mining company in North America. The company engages in industrial scale bitcoin mining operations.
Hut 8 stock last closed at $8.81, down 0.56% from the previous day, and has decreased N/A in one year. It has underperformed other stocks in the Capital Markets industry by N/A percentage points. Hut 8 stock is currently +42.56% from its 52-week low of $6.18, and -52.17% from its 52-week high of $18.42.
At the moment, there are 89.24M shares of HUT outstanding. The market capitalization of HUT is $786.18M. In the past 24 hours, 1.39M HUT shares were traded.
How to Buy Hut 8 Stock
Wondering how to invest in Hut 8 stock? Here's how.
- Figure out where to buy Hut 8 stock: You need to pick an online brokerage, but don't worry - we've analyzed dozens of online stock brokerages and apps to help you choose where to buy Hut 8 stock.
- Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Deposit funds into your brokerage account: Pick your payment method and add your info.
- Evaluate Hut 8 stock: The Hut 8 ticker symbol is HUT. Is Hut 8 stock a good investment? Should you buy shares of HUT? How do HUT's underlying business fundamentals look? Do top analysts think Hut 8 is a good buy? Why has HUT's stock price moved recently? (Hint: Our stock market analysis website can help you decide if HUT is a good stock to buy).
- Execute your HUT purchase: Decide if you will purchase HUT shares at the current market price or use a limit order to purchase HUT shares at a specific price.
- Monitor your HUT position: Create a watchlist to track your investment in Hut 8 shares.
Step 1: Figure out where to buy Hut 8 stock
You will need a brokerage account in order to access the NASDAQ market and buy HUT stock.
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Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've selected the best brokerage, you'll need to fill out some personal details so you can buy HUT today.
How to Start a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal data to start a new brokerage account.
- Send your information by clicking the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your brokerage account
Now that you've filled out your info on app for stock market, you can securely and quickly fund your account:
Check out the tutorial below if you need help depositing money into your brokerage account.
Step 4: Evaluate Hut 8 stock
Once you have figured out the best place to buy Hut 8 stock, it's crucial to evaluate their stock before you buy, so you actually comprehend the risk and opportunity.
Hut 8 Metrics
Hut 8 Overview
WallStreetZen was built to help everyday investors do more accurate fundamental analysis.
You can view all of the due diligence checks on HUT's stock page.
What is the fair value of HUT stock?
You can use many financial metrics, analyses, models, and charts to gauge HUT's intrinsic value.
Using relative valuations measures:
- HUT may be undervalued based on its P/E ratio of 5.4x, relative to Capital Markets industry P/E ratio of 18.69x
- HUT could be undervalued based on its P/B ratio of 1.61x, relative to Capital Markets industry P/B ratio of 1.87x
You can do additional valuation research on HUT's stock here.
Is HUT a healthy company?
Signs that HUT is not financially healthy:
- There are more long-term liabilities than short-term assets on the HUT balance sheet.
- HUT has a relatively high debt to equity ratio of 0.52.
- There are more short-term liabilities than short-term assets on the HUT balance sheet.
Is it a good time to buy HUT stock, according to analysts?
Out of 5 sell side analysts who give forecasts on HUT, the consensus analyst rating on Hut 8 is a Buy
It's important to keep in mind that analyst ratings are not recommendations, nor are they investment advice.
You can dive deeper into what analysts are forecasting on the Hut 8 stock forecast page.
Metrics for Advanced HUT Traders
What are HUT executives and large shareholders up to?
Over the last 12 months, executives and large shareholders at HUT have sold more shares than they have bought.
Jaime Leverton, Chief Executive Officer of HUT, was the latest HUT insider to sell. They sold $361,257.62 worth of HUT stock on Jan 12, 2024.
Dig into more about who owns HUT shares here.
Can I get consistent income from HUT stock?
No, Hut 8 doesn't provide an income stream by paying out dividends.
Get opinions from other traders
One of the major reasons eToro is our favorite brokerage is because of its social trading community.
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Step 5: Execute your HUT purchase
You have two main order types:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are mostly the best for newer investors. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at a particular price, use a limit order.
Press the Open button and your broker will execute your order.
If you need additional assistance buying stocks on eToro, watch the helpful video below:
Step 6: Monitor your HUT position
Now that you own some shares in HUT, you'll want to stay up-to-date on your new company.
Start a watchlist to get notified of the latest news about your HUT stock.
HUT Feed
How to Buy Stock in Hut 8
To summarize, here are the 6 steps for buying Hut 8 stock:
- Figure out where to buy Hut 8 stock
- Sign up for a brokerage account
- Deposit funds into your brokerage account
- Evaluate Hut 8 stock
- Execute your HUT purchase
- Monitor your HUT position
If you require a online brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to keep an eye on your investment in Hut 8, create a watchlist today.
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