HIVE Digital Technologies (HIVE) Projected to Post Quarterly Earnings on Tuesday

HIVE Digital Technologies (NASDAQ:HIVE - Get Free Report) will likely be releasing its earnings data after the market closes on Tuesday, February 11th. Analysts expect HIVE Digital Technologies to post earnings of ($0.11) per share and revenue of $29.06 million for the quarter.

HIVE Digital Technologies (NASDAQ:HIVE - Get Free Report) last announced its earnings results on Tuesday, November 12th. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.09) by $0.03. HIVE Digital Technologies had a negative return on equity of 10.78% and a negative net margin of 12.04%. The business had revenue of $22.65 million for the quarter, compared to the consensus estimate of $25.32 million. During the same period in the previous year, the business earned ($0.29) EPS. On average, analysts expect HIVE Digital Technologies to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

HIVE Digital Technologies Price Performance

HIVE stock traded down $0.02 during midday trading on Friday, reaching $2.83. 14,654,848 shares of the company's stock traded hands, compared to its average volume of 11,047,381. The company has a 50-day simple moving average of $3.28 and a two-hundred day simple moving average of $3.40. The company has a quick ratio of 5.56, a current ratio of 5.56 and a debt-to-equity ratio of 0.06. HIVE Digital Technologies has a 1-year low of $2.18 and a 1-year high of $5.54. The company has a market cap of $419.04 million, a price-to-earnings ratio of -20.21 and a beta of 3.46.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Northland Securities lifted their price target on HIVE Digital Technologies from $5.50 to $7.00 and gave the company an "outperform" rating in a report on Thursday, November 14th. Canaccord Genuity Group boosted their target price on shares of HIVE Digital Technologies from $7.00 to $8.00 and gave the stock a "buy" rating in a research note on Thursday. Roth Capital upgraded shares of HIVE Digital Technologies to a "strong-buy" rating in a research report on Wednesday, December 18th. Roth Mkm initiated coverage on shares of HIVE Digital Technologies in a report on Thursday, December 19th. They issued a "buy" rating and a $7.50 price target for the company. Finally, Keefe, Bruyette & Woods initiated coverage on HIVE Digital Technologies in a report on Wednesday, January 8th. They set an "outperform" rating on the stock. One equities research analyst has rated the stock with a sell rating, seven have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $7.58.

About HIVE Digital Technologies

HIVE Digital Technologies Ltd. operates as a cryptocurrency mining company in Canada, Sweden, and Iceland. The company engages in the mining and sale of digital currencies, including Ethereum Classic, Bitcoin, and other coins. It also operates data centers; and offers infrastructure solutions. The company was formerly known as HIVE Blockchain Technologies Ltd.