QualityDipStocks / Finance · Consumer finance
Hut 8 HUT
Outside our quality screen, so we don’t track its dips. It’s 59% below its 52-week high.
Outside our quality screen, 28% under its Market Value. No fair value estimate for now: its free cash flow is negative.
Worth knowing
- Down 61% from its 52-week high while revenue grew 129%
- Revenue up 129% in a year, top 2% of the 1820 we measure
From the data on this page, as of the last close. How we pick these
- Fair value est.
- n/a
- Market Value
- $76.16price −28%
- Off 52-wk high
- −59%
- Risk vs market
- Highbeta 4.55
4 bullish · 5 bearish See why
Priced in
How much growth the market assumed at the 52-week high, the low and today (a reverse DCF).
52-wk low: P/E 20.0×.
| High | Low | Now | |
|---|---|---|---|
| Price | $133.02Jun 2 | $33.76Nov 20 | $55.01 |
| Implied growth | n/a | n/a | n/a |
| P/E | n/a | 20.0× | n/a |
What this means: a lower P/E than at the high means you pay less for each dollar of profit than buyers did then.
How it’s computed
Reverse DCF: the same 10-year free-cash-flow model as our fair value estimate (9.5% discount rate, growth for years 1–5 fading to 3% by year 10, 3% after), solved for the growth that makes it equal the market value at each price. For the high and the low we use only the filings that were public on that day, so nothing from a later report leaks back. Market value = that close × diluted shares. P/E = market value / 12-month net income; Price / FCF = market value / 12-month free cash flow; EV / Sales = (market value + debt − cash) / 12-month revenue. Hidden when the share count moved over 20% (split, merger), free cash flow is negative, or the company reports in another currency.
Valuation
What we estimate it's worth, and how it ranks on value vs every stock we cover.
Fair value estimate
No estimate for HUT: negative free cash flow. We’d rather show nothing than a made-up number.
Risk vs market
How risk vs market is measured
One year of daily returns (Oct 31 to Nov 2, 252 sessions). Beta = how much HUT moved for each 1% move in the S&P 500 (SPY); 1.0 moves with the market. Volatility is the yearly standard deviation of daily returns. Past behavior, not a forecast.
Swings much more than the market, and its own price swings are 8.3× the S&P 500’s.
- Beta vs S&P 500
- 4.55
- Volatility
- 107% vs 13% SPY
- Correlation SPY
- 0.55
- Correlation QQQ
- 0.57
Valuation details
MV $76.16
Fundamentals
The business itself: sales, profits, cash and debt, from SEC filings.
Bull vs bear
Rule-based from the data on this page, strongest first. Not advice.
Top bullish points 4 of 5
GrowthSales grew 129% to $318M over the last 12 months vs the 12 months before (SEC filings).
GrowthSales compounded 56% a year from FY2023 to FY2025.
ProfitabilityGross margin widened to 54.2% in FY2025 from 43.6% in FY2023 (SEC filings).
ValuationTrades 27.8% below its Market Value of $76.16, the average price paid since the Sep 28 filing.
Top bearish points 5 of 5
ValuationFree cash flow is negative (−$153M over the last 12 months), so there’s no cash-flow value under the price.
ProfitabilityOperating margin narrowed to −136.9% in FY2025 from 9.8% in FY2023 (SEC filings).
Balance sheetOperating income covers interest only -12.6× over the last 12 months.
ProfitabilityLost $600M over the last 12 months (net income, SEC filings).
QualityDoesn’t pass our quality screen: no positive free cash flow; ROE under 12% and ROIC under 10%.
All fundamentals
ROE -44% · Sales +129%
Valuation
- P/E
- n/aloss over the last 12 months
- Price / FCF
- n/anot reported in its SEC filings
- FCF yield
- n/anot reported in its SEC filings
- EV / EBITDA
- n/aD&A or debt not tagged in SEC data
- Price / sales
- 21.39×
- Price / book
- 4.71×
- Market cap
- $6.8Blisted
- Enterprise value
- n/anot reported in its SEC filings
Growth
- Revenue, 12 months
- $318M
- Sales growth, 12 months
- +129.5%vs the 12 months before
- Sales growth, 3 yrs
- +56.5%/yrfrom FY2023
- Diluted EPS, 12 months
- −$5.39
- EPS growth, last FY
- n/afewer than two years of diluted EPS
- Net income, 12 months
- −$600M
- Net income growth
- n/anot reported in its SEC filings
Profitability
- Gross margin
- 62.3%
- Operating margin
- n/an/m
- Net margin
- −188.7%
- FCF margin
- n/anot reported in its SEC filings
- Return on equity
- −44%
- Return on invested capital
- n/aoperating income, debt, equity or cash not tagged
Balance sheet
- Cash & short-term inv.
- $234M
- Total debt
- n/anot reported in its SEC filings
- Net cash
- n/acash or debt not tagged in SEC data
- Debt / equity
- n/adebt or equity not tagged in SEC data
- Interest coverage
- -12.6×operating income / interest
Cash flow & returns
- Free cash flow, 12 months
- n/anot reported in its SEC filings
- FCF growth, 12 months
- n/anot reported in its SEC filings
- Dividend yield
- 0%
- Payout ratio
- n/anot reported in its SEC filings
- Buybacks, 12 months
- n/anot reported in its SEC filings
- Share count, 1 year
- −0.4%diluted shares vs a year ago
- Stock-based comp
- $148M
Trailing 12 months to Jun 30, 2026; balance sheet at Jun 30, 2026. From Hut 8’s SEC filings. Sparklines show up to six fiscal years. n/a means we don’t hold that number, with the reason. How each is computed.
The business
FCF $-7.7B · Sales +81%
- Free cash flow, 12 months−$7.7B
- Free-cash-flow yield−113.8%
- Return on equity−43%
- Sales growth (latest quarter vs year-ago quarter)+81%
Chart & levels
Where the price is vs its key levels and trends.
Key levels
Every level vs today’s $55.01
- 52-wk lowlowest close, 1 year$33.76−38.6%
- PriceMon Nov 2 close$55.01you are here
- Market Valueavg paid since Sep 28$76.16+38.4%
- 52-wk highhighest close, 1 year$133.02+141.8%
Momentum & 52-week range
RSI 31 · 5 days −12.6%
Signals
Reversal signal setups, the public ledger and the next earnings date.
Setup & signals
No setup armed
No setup armed, so there’s no trigger or stop to track yet. Reversal signal rules only run on companies that pass our quality screen.
Next report
Nov 4
- DateWed Nov 4, before the open
- Consensus EPS($1.06)
- Year-ago EPS($0.07)
- QuarterSep/2026
From Nasdaq’s earnings calendar. A report resets Market Value.
HUT is outside our quality screen
One text when a published rule fires on one of the 332 quality companies we track: the ticker, the price, the stop and a link to the numbers. Nothing else.
Voices & buzz
Who is talking about it, and how it compares with peers.
Who’s talking about it
Notable investors, executives, analysts and public figures on Hut 8 in the last 48 hours. Headlines as published, each linked. Their words, not ours.
No notable mentions in the last 48 hours. Checked Nov 3, 1:01 PM ET.
Compare with peers
Closest in size in Consumer finance
Information only, not investment advice. Fair value estimates and talking points are rule-based model output from public data and can be wrong; stop levels are reference points, not orders. How every number is computed.