Strength Seen in Hut 8 (HUT): Can Its 8.8% Jump Turn into More Strength? [Yahoo! Finance]
Forge Global Holdings, Inc. (FRGE)
Company Research
Source: Yahoo! Finance
This compares to the stock's 21.4% gain over the past four weeks. The Bitcoin rally is expected to resume soon as the halving event was completed earlier this year. The halving event, which occurs every four years, reduces the block reward by 50%, aiming to cap the total supply of Bitcoin at 21 million coins. This reduction in the rate of new Bitcoin supply typically increases demand for cryptocurrencies, often resulting in a price surge. Hence, investors are showing interest Hut 8 stock, driving it higher. This cryptocurrency mining company is expected to post a quarterly loss of $0.09 per share in its upcoming report, which represents a year-over-year change of +70%. Revenues are expected to be $43.5 million, up 204.6% from the year-ago quarter. Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movem
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FRGE
News
- Crypto ‘Secondaries' Prices Jump as Expectations of IPOs Climb [Yahoo! Finance]Yahoo! Finance
- Crypto ‘Secondaries' Prices Jump as Expectations of IPOs Climb [BNN Bloomberg (Canada)]BNN Bloomberg
- Retail investors may be a step closer to investing in unicorns [CNBC]CNBC
- Forge Global CEO to Fireside Chat at the Piper Sandler & Co. Global Exchange & Trading ConferenceBusiness Wire
- Plural Energy Raises $2.33M to Pioneer On-chain Investing for Renewable Energy Projects, Secures Solaris as First Investment Opportunity [Yahoo! Finance]Yahoo! Finance
FRGE
Earnings
- 5/7/24 - Beat
FRGE
Sec Filings
- 6/18/24 - Form 8-K
- 6/13/24 - Form 4
- 6/13/24 - Form 4
- FRGE's page on the SEC website