Hut 8 had its Relative Strength (RS) Rating upgraded from 90 to 95 Monday.
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This unique rating tracks market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the last 52 weeks matches up against the rest of the market.
Decades of market research shows that the stocks that go on to make the biggest gains tend to have an 80 or better RS Rating at the beginning of a new price run.
Hut 8 is not currently near a potential buying area. See if the stock goes on to form a base that could kick off a new climb.
Hut 8 showed 0% EPS growth in its most recent report, while sales growth came in at -58%.
The company holds the No. 25 rank among its peers in the Financial Services-Specialty industry group. X Financial ADR, Jiayin Group ADR and Marex Group are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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