HIVE Digital Technologies (NASDAQ:HIVE) Coverage Initiated at Roth Mkm

Roth Mkm began coverage on shares of HIVE Digital Technologies (NASDAQ:HIVE - Free Report) in a research note issued to investors on Thursday morning, MarketBeat reports. The brokerage issued a buy rating and a $7.50 price objective on the stock.

HIVE has been the subject of several other research reports. Northland Securities boosted their price objective on shares of HIVE Digital Technologies from $5.50 to $7.00 and gave the company an "outperform" rating in a research note on Thursday, November 14th. Northland Capmk upgraded shares of HIVE Digital Technologies to a "strong-buy" rating in a research report on Thursday, September 19th. Canaccord Genuity Group upped their price target on shares of HIVE Digital Technologies from $6.00 to $7.00 and gave the stock a "buy" rating in a report on Thursday, November 14th. HC Wainwright reissued a "buy" rating and set a $8.00 price objective on shares of HIVE Digital Technologies in a research note on Tuesday, December 3rd. Finally, StockNews.com upgraded HIVE Digital Technologies to a "sell" rating in a research note on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $7.42.

HIVE Digital Technologies Stock Performance

Shares of HIVE Digital Technologies stock traded down $0.26 during trading hours on Thursday, reaching $3.14. The company had a trading volume of 7,963,265 shares, compared to its average volume of 4,017,749. The firm has a market cap of $422.73 million, a PE ratio of -22.43 and a beta of 3.39. HIVE Digital Technologies has a one year low of $2.18 and a one year high of $5.74. The company has a debt-to-equity ratio of 0.06, a current ratio of 5.56 and a quick ratio of 5.56. The business has a fifty day simple moving average of $3.97 and a 200 day simple moving average of $3.46.

HIVE Digital Technologies (NASDAQ:HIVE - Get Free Report) last issued 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 during the quarter, compared to the consensus estimate of $25.32 million. During the same quarter last year, the company earned ($0.29) EPS. On average, analysts anticipate that HIVE Digital Technologies will post -0.33 earnings per share for the current fiscal year.

Hedge Funds Weigh In On HIVE Digital Technologies

Large investors have recently bought and sold shares of the stock. Lifeworks Advisors LLC bought a new position in shares of HIVE Digital Technologies during the third quarter valued at about $35,000. Vanguard Personalized Indexing Management LLC bought a new position in HIVE Digital Technologies during the 2nd quarter valued at approximately $36,000. Gladstone Institutional Advisory LLC purchased a new stake in HIVE Digital Technologies in the 3rd quarter worth approximately $44,000. Quadrature Capital Ltd purchased a new stake in HIVE Digital Technologies in the 3rd quarter worth approximately $50,000. Finally, Wellington Management Group LLP bought a new stake in shares of HIVE Digital Technologies in the 3rd quarter worth approximately $120,000. 24.42% of the stock is owned by hedge funds and other institutional investors.

HIVE Digital Technologies Company Profile

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.