Hut 8 (HUT) last traded at $60.09, down 0.43% on the session, after a recent move that left the shares above short-term trend lines but still below the 50-day average. Jefferies cut its price targe...

Hut 8 (HUT) was marked at $60.09, down 0.43% on the day, with a 24-hour range of $63.04 to $57.71 and volume on Binance futures at 456,543 contracts. The setup looks more like consolidation than outright reversal: the stock is still above its 7-day SMA of $55.92, its 20-day SMA of $58.48, and its 12-day EMA of $57.38, but remains under the 50-day SMA of $73.11 and the 26-day EMA of $62.11.

That matters because the short-term structure is holding while longer trend resistance is still overhead. The move has not broken down, but it has also not reclaimed the heavier trend markers that would usually confirm a cleaner continuation.

Hut 8 said on November 4, 2026 that it reported third-quarter 2026 results, fully commercialized its Beacon Point AI data center campus, advanced 1,300 MW of energy capacity to exclusivity, closed a $1.07 billion revolving credit facility, returned $250.0 million to shareholders through share repurchases, and lifted total repurchase authorization to $1.0 billion after quarter-end.

On the analyst side, Jefferies cut its target to $81 from $90 on November 10 while maintaining a Buy rating. StockAnalysis also showed recent Buy calls from KBW at $81, Morgan Stanley at $184, and B. Riley Securities at $132. That range is wide, but the common thread is still positive directional bias, even after some target trimming.

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