Should investors consider buying HUT now, and what's a potential stop-loss level?

**Investor Consideration**: 1. **Current Price and Average Price Target**: As of July 29, 2025, HUT's closing price is $19.7, with an average current price target from analysts set at $24.67, indicating a potential upside from the current price level. 2. **Support and Resistance Levels**: The stock has a support level at $17.42 and a resistance level at $22.77. Given the current price is closer to the support level, there may be room for price appreciation as it moves toward the resistance level. 3. **Recent Positive Developments**: Hut 8 has seen several positive developments, including a price target increase from Northland analyst Mike Grondahl to $26 from $20, and the acquisition of a Commercial License from the Dubai International Financial Centre (DIFC), which is expected to enhance the company's capital strategy. 4. **Market Sentiment and Strategic Rebranding**: The company's rebranding to align with a power-first, platform-driven business model and strategic expansions suggest a forward-looking growth potential that could benefit the stock price. **Potential Stop-Loss Level**: 1. **Consideration of Risk**: Investors should set a stop-loss level that aligns with their risk tolerance and investment strategy. Given the current market conditions and recent positive developments, a stop-loss slightly below the support level might be prudent to allow for potential price fluctuations while protecting against significant downturns. 2. **Stop-Loss Strategy**: A stop-loss could be set just below the support level, for example, at $17 or $17.50, to provide a cushion against short-term market volatility while still capturing potential upside based on the current positive outlook. **Conclusion**: Investors may consider buying HUT if they believe in the company's strategic direction and the potential for price appreciation based on the average price target and recent positive developments. However, it's important to set a stop-loss level that is realistic and aligned with the investor's risk tolerance to manage potential downside risks.