$25.26
9.16% yesterday
Nasdaq, Nov 15, 10:19 pm CET
ISIN
CA44812T1021
Symbol
HUT

Hut 8 Mining Corp Target price 2024 - Analyst rating & recommendation

Hut 8 Mining Corp Classifications & Recommendation:

Buy
100%

Hut 8 Mining Corp Price Target

Target Price $30.17
Price $25.26
Potential
Number of Estimates 6
6 Analysts have issued a price target Hut 8 Mining Corp 2025 . The average Hut 8 Mining Corp target price is $30.17. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 6 analysts: 6 Analysts recommend Hut 8 Mining Corp to buy, 0 to hold and 0 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the Hut 8 Mining Corp stock has an average upside potential 2025 of . Most analysts recommend the Hut 8 Mining Corp stock at Purchase.

Sales and Margin forecast 2024, 2025 & 2026

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Dec '23 2024
Estimates
Revenue Million $ 60.61 167.47
47.63% 176.31%
EBITDA Margin 1.65% 137.70%
86.98% 8,246.00%
Net Margin 16.97% 102.74%
104.23% 505.39%

6 Analysts have issued a sales forecast Hut 8 Mining Corp 2024 . The average Hut 8 Mining Corp sales estimate is

$167m
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. This is
1.25% lower
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$187m 10.32%
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, the lowest is
$156m 8.25%
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.

This results in the following potential growth metrics:

Revenue Estimates

2023 $60.6m 47.63%
2024
$167m 176.31%
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2025
$253m 50.93%
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2026
$741m 193.16%
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5 Analysts have issued an Hut 8 Mining Corp EBITDA forecast 2024. The average Hut 8 Mining Corp EBITDA estimate is

$231m
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. This is
1,805.86% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$251m 1,976.35%
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, the lowest is
$190m 1,468.63%
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.

This results in the following potential growth metrics and future EBITDA Margins:

EBITDA Estimates

2023 $1.0m 93.18%
2024
$231m 22,960.86%
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2025
$92.0m 60.10%
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2026
$450m 389.06%
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EBITDA Margin

2023 1.65% 86.98%
2024
137.70% 8,246.00%
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2025
36.40% 73.57%
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2026
60.73% 66.84%
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1 Analyst has issued a net profit forecast Hut 8 Mining Corp 2024 . The average Hut 8 Mining Corp net profit estimate is

$172m
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. This is
8.46% lower
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$172m 8.46%
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, the lowest is
$172m 8.46%
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.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2023 $10.3m 102.21%
2024
$172m 1,572.74%
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2025
$30.9m 82.06%
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Net Margin

2023 16.97% 104.23%
2024
102.74% 505.39%
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2025
12.21% 88.12%
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Earnings per share, P/E ratio and EV/sales Estimates 2024, 2025 & 2026

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Dec '23 2024
Estimates
Earnings Per Share $ 0.11 1.84
102.21% 1,572.73%
P/E 13.73
EV/Sales 15.40

1 Analysts have issued a Hut 8 Mining Corp forecast for earnings per share. The average Hut 8 Mining Corp <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS is

$1.84
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. This is
8.46% lower
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than earnings per share in the financial year 2023. The highest <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS forecast is
$1.84 8.46%
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, the lowest is
$1.84 8.46%
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.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2023 $0.11 102.21%
2024
$1.84 1,572.73%
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2025
$0.33 82.07%
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P/E ratio

Current 12.59 360.66%
2024
13.73 9.05%
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2025
76.55 457.54%
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Based on analysts' sales estimates for 2024, the Hut 8 Mining Corp stock is valued at an <a href=https://blog.stocksguide.com/knowledge/enterprise-value-sales-simply-explained>EV/Sales of

15.40
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and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of
13.74
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.

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 15.21 352.68%
2024
15.40 1.25%
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2025
10.20 33.74%
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2026
3.48 65.89%
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P/S ratio

Current 13.57 93.68%
2024
13.74 1.26%
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2025
9.10 33.74%
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2026
3.10 65.89%
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