Analysts predict HUT shares will perform weakly in 2023

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Hut 8 Corp shares valued at $225,675 were purchased by Flinn Joseph on Aug 28 ’25. At $26.55 per share, Flinn Joseph acquired 8,500 shares.

Also, Flinn Joseph purchased 1,500 shares, netting a total of over 38,865 in proceeds.

Before that, Glennan Sean Joseph had sold 6,060 shares from its account. In a trade valued at $133,839, the Chief Financial Officer traded Hut 8 Corp shares for $22.09 each. Upon closing the transaction, the insider’s holdings decreased to 6,060 shares, worth approximately $0.17 million.

As published in their initiating research note from Roth Capital on June 06, 2025, Hut 8 Corp [HUT] has been a Buy and the price target has been revised to $25. Analysts at Citizens JMP started covering the stock with ‘”a Mkt outperform”‘ outlook in a report released in late May. As of May 14, 2025, B. Riley Securities has initiated its “Buy” rating for HUT. Earlier on May 01, 2025, Maxim Group initiated its rating. Their recommendation was “a Buy” for HUT stock.

Analyzing HUT Stock Performance

On last trading session, Hut 8 Corp [NASDAQ: HUT] rose 0.61% to $26.51. The stock’s lowest price that day was $26.314, but it reached a high of $27.22 in the same session. During the last five days, there has been a surge of approximately 24.05%. Over the course of the year, Hut 8 Corp shares have jumped approximately 119.45%. Shares of the company reached a 52-week high of $29.28 on 01/17/25 and a 52-week low of $10.04 on 04/04/25.

Support And Resistance Levels for Hut 8 Corp (HUT)

According to the 24-hour chart, there is a support level at 26.14, which, if violated, would cause prices to drop to 25.78. In the upper region, resistance lies at 27.05. The next price resistance is at 27.59. RSI (Relative Strength Index) is 67.02 on the 14-day chart, showing neutral technical sentiment.

Is Hut 8 Corp subject to short interest?

Stocks of Hut 8 Corp saw a sharp steep in short interest on 2025-08-15 dropping by -0.38 million shares to 16.21 million. Data from Yahoo Finance shows that the short interest on 2025-07-15 was 16.58 million shares. A decline of -2.32% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 3.54 of the overall float, the days-to-cover ratio (short ratio) decline to 3.54.

Which companies own the most shares of Hut 8 Corp (HUT)?

In terms of Hut 8 Corp share price expectations, FactSet research, analysts set an average price target of 26 in the next 12 months, down nearly -1.33% from the previous closing price of $26.35. Analysts anticipate Hut 8 Corp stock to reach 33 by 2025, with the lowest price target being 20. In spite of this, 12 analysts ranked Hut 8 Corp stock as Buy at the end of 2025. On April 21, 2025, Northland Capital assigned a price target of “an Outperform” to the stock and initiated coverage with a $20.

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