Hut 8 (TSE:HUT) Hits New 52-Week High - Time to Buy?

Hut 8 Corp. (TSE:HUT - Get Free Report) reached a new 52-week high during trading on Tuesday . The company traded as high as C$87.31 and last traded at C$85.05, with a volume of 388402 shares traded. The stock had previously closed at C$84.76.Hut 8 Price PerformanceAll In: Is MicroStrategy Overleveraging Its Future on Bitcoin? The company has a 50-day moving average of C$62.71 and a 200-day moving average of C$49.59. The company has a debt-to-equity ratio of 55.87, a quick ratio of 1.26 and a current ratio of 1.68. The firm has a market capitalization of C$9.18 billion, a price-to-earnings ratio of 45.42 and a beta of 4.58. Hut 8 Company Profile (Get Free Report)Hut 8 Mining Corp is North America's innovation-focused digital asset miner. Located in energy-rich Alberta, Canada. Hut 8 has one of the highest installed capacity rates in the industry and holds more self-mined bitcoin than any crypto miner or publicly-traded company globally. It is executing on its commitment to mining and holding bitcoin and has a diversified business and revenue strategy to grow and protect shareholder value regardless of bitcoin's market direction. Recommended StoriesFive stocks we like better than Hut 8Elon Taking SpaceX Public! $100 Pre-IPO Opportunity!How a Family Trust May Be Able To Help Preserve Your WealthA U.S. “birthright” claim worth trillions - activated quietlyTicker Revealed: Pre-IPO Access to "Next Elon Musk" CompanyThe Crash Has Already Started (Most Just Don’t See It Yet)This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Hut 8 Right Now?Before you consider Hut 8, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hut 8 wasn't on the list.While Hut 8 currently has a Strong Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here