What's Driving Hut 8 Stock On Monday?

Benzinga01:03

$200 Million Credit FacilityThe 364-day facility replaces Hut 8's prior agreement with Coinbase Credit and carries a fixed interest rate of 7.0%, down from 9.0%.Earlier terms had ranged between 10.5% ...

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At an average daily volume of 5.39 million shares, it would take about 3.37 days for short sellers to cover positions.HUT Technical Analysis: Trend, Momentum, and Key LevelsHut 8 is currently trading within a strong upward trend, having gained 496.51% over the past 12 months.The stock is trading 7.5% above its 20-day simple moving average (SMA), suggesting short-term bullish momentum, while it is 29.4% above its 50-day SMA, indicating a strong intermediate trend.The relative strength index (RSI) is 63.49, which is neutral, suggesting the stock is neither overbought nor oversold. Additionally, the moving average convergence divergence (MACD) is below its signal line, suggesting a potential bearish momentum shift that traders should monitor closely.\nKey Resistance: $83.00 — This level may act as a barrier for upward price movement.\nHUT Earnings Preview And Analyst Price TargetsThe countdown is on: Hut 8 is set to report earnings on May 6, 2026 (confirmed).\nEPS Estimate: Loss of 34 cents (Up from $-1.30)\nRevenue Estimate: $78.78 million (Up from $21.82 million)\nAnalyst Consensus & Recent Actions: The stock carries a Buy Rating with an average price target of $77.22. Recent analyst moves include:\nBTIG: Buy (Raises Target to $90.00) (April 24)\nPiper Sandler: Overweight (Raises Target to $93.00) (April 21)\nCantor Fitzgerald: Overweight (Raises Target to $80.00) (April 9)\nHUT Price Action: Hut 8 shares were down 0.60% at $76.52 at the time of publication on Monday. The stock is approaching its 52-week high of $83.18, according to Benzinga Pro data.Image via ShutterstockMarket News and Data brought to you by Benzinga APIs© 2026 Benzinga.com. Benzinga does not provide investment advice. 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