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NASDAQ: HUT
Hut 8 Mining Corp Stock Forecast, Predictions & Price Target

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Analyst price target for HUT

Based on 2 analysts offering 12 month price targets for Hut 8 Mining Corp.
Min Forecast
$5.00+195.86%
Avg Forecast
$5.50+225.44%
Max Forecast
$6.00+255.03%

Should I buy or sell HUT stock?

Based on 3 analysts offering ratings for Hut 8 Mining Corp.
Buy
Strong Buy
1 analysts 33.33%
Buy
1 analysts 33.33%
Hold
1 analysts 33.33%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

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HUT stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
DA Davidson
Top 41%
60
HoldDowngradesN/AN/A2022-08-17
HC Wainwright & Co.
Bottom 10%
10
BuyMaintains$5.00+195.86%2022-05-19
Canaccord Genuity
Top 17%
84
Strong BuyMaintains$6.00+255.03%2022-05-13

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Forecast return on equity

Is HUT forecast to generate an efficient return?
Company
9.24%
Industry
21.66%
Market
98.76%
HUT's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is HUT forecast to generate an efficient return on assets?
Company
8.22%
Industry
3.77%
HUT is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

HUT earnings per share forecast

What is HUT's earnings per share in the next 2 years based on estimates from 3 analysts?
Avg 1 year Forecast
$0.08
Avg 2 year Forecast
$0.19

HUT revenue forecast

What is HUT's revenue in the next 2 years based on estimates from 2 analysts?
Avg 1 year Forecast
$145.3M-8.77%
Avg 2 year Forecast
$140.6M-11.73%
HUT's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

HUT revenue growth forecast

How is HUT forecast to perform vs Capital Markets companies and vs the US market?
Company
-8.77%
Industry
0.69%
Market
12.8%
HUT's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
HUT's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

HUT vs Capital Market Stocks

TickerPricePrice TargetUp/downsideConsensus
HUT$1.69$5.50+225.44%Buy
CIFR$1.29N/AN/A
HIVE$3.75$7.00+86.67%Strong Buy
AMTD$1.44N/AN/AStrong Buy
OPY$31.61N/AN/A

Hut 8 Mining Stock Forecast FAQ

Is Hut 8 Mining Stock a good buy in 2022, according to Wall Street analysts?

The consensus among 3 Wall Street analysts covering (NASDAQ: HUT) stock is to Buy HUT stock.

Out of 3 analysts, 1 (33.33%) are recommending HUT as a Strong Buy, 1 (33.33%) are recommending HUT as a Buy, 1 (33.33%) are recommending HUT as a Hold, 0 (0%) are recommending HUT as a Sell, and 0 (0%) are recommending HUT as a Strong Sell.

If you're new to stock investing, here's how to buy Hut 8 Mining stock.

What is HUT's earnings growth forecast for 2022-2023?

(NASDAQ: HUT) Hut 8 Mining's forecast annual earnings growth rate of N/A is not forecast to beat the US Capital Markets industry's average forecast earnings growth rate of 6.27%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 46.52%.

Hut 8 Mining's earnings in 2022 is -$93,149,815.On average, 3 Wall Street analysts forecast HUT's earnings for 2022 to be $15,365,066, with the lowest HUT earnings forecast at -$57,618,997, and the highest HUT earnings forecast at $96,031,662.

In 2023, HUT is forecast to generate $36,492,031 in earnings, with the lowest earnings forecast at $21,126,966 and the highest earnings forecast at $49,936,464.

What is HUT's revenue growth forecast for 2022-2023?

(NASDAQ: HUT) Hut 8 Mining's forecast annual revenue growth rate of -8.77% is not forecast to beat the US Capital Markets industry's average forecast revenue growth rate of 0.69%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 12.8%.

Hut 8 Mining's revenue in 2022 is $159,240,405.On average, 2 Wall Street analysts forecast HUT's revenue for 2022 to be $27,901,999,249, with the lowest HUT revenue forecast at $27,430,483,791, and the highest HUT revenue forecast at $28,373,514,707.

In 2023, HUT is forecast to generate $26,996,420,681 in revenue, with the lowest revenue forecast at $26,996,420,681 and the highest revenue forecast at $26,996,420,681.

What is HUT's forecast return on assets (ROA) for 2022-2023?

(NASDAQ: HUT) forecast ROA is 8.22%, which is higher than the forecast US Capital Markets industry average of 3.77%.

What is HUT's Price Target?

According to 2 Wall Street analysts that have issued a 1 year HUT price target, the average HUT price target is $5.50, with the highest HUT stock price forecast at $6.00 and the lowest HUT stock price forecast at $5.00.

On average, Wall Street analysts predict that Hut 8 Mining's share price could reach $5.50 by Aug 17, 2023. The average Hut 8 Mining stock price prediction forecasts a potential upside of 225.44% from the current HUT share price of $1.69.

What is HUT's Earnings Per Share (EPS) forecast for 2022-2023?

(NASDAQ: HUT) Hut 8 Mining's current Earnings Per Share (EPS) is -$0.65. On average, analysts forecast that HUT's EPS will be $0.08 for 2022, with the lowest EPS forecast at -$0.30, and the highest EPS forecast at $0.50. In 2023, HUT's EPS is forecast to hit $0.19 (min: $0.11, max: $0.26).

What is HUT's forecast return on equity (ROE) for 2022-2023?

(NASDAQ: HUT) forecast ROE is 9.24%, which is considered weak.
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