On Friday, Hut 8 earned an upgrade to its Relative Strength (RS) Rating, from 86 to 91.
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IBD's unique rating tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows that the top-performing stocks tend to have an 80 or higher RS Rating at the beginning of a new climb.
Hut 8 is not currently near a potential buying area. See if the stock goes on to build a base that could launch a new move.
Hut 8 reported 0% earnings growth last quarter. Revenue rose -58%.
Hut 8 earns the No. 32 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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