Is Hut 8 Mining Stock a good buy in 2023, according to Wall Street analysts?
The consensus among 2 Wall Street analysts covering (NASDAQ: HUT) stock is to Buy HUT stock.
Out of 2 analysts, 1 (50%) are recommending HUT as a Strong Buy, 0 (0%) are recommending HUT as a Buy, 1 (50%) are recommending HUT as a Hold, 0 (0%) are recommending HUT as a Sell, and 0 (0%) are recommending HUT as a Strong Sell.
What is HUT's forecast return on equity (ROE) for 2023-2023?
(NASDAQ: HUT) forecast ROE is 12.15%, which is considered weak.
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 $2.30, with the highest HUT stock price forecast at $3.00 and the lowest HUT stock price forecast at $1.60.
On average, Wall Street analysts predict that Hut 8 Mining's share price could reach $2.30 by May 15, 2024. The average Hut 8 Mining stock price prediction forecasts a potential upside of 6.48% from the current HUT share price of $2.16.
What is HUT's forecast return on assets (ROA) for 2023-2023?
(NASDAQ: HUT) forecast ROA is 10.56%, which is higher than the forecast US Capital Markets industry average of 3.88%.
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