HIVE Digital Technologies (NASDAQ:HIVE - Get Free Report) issued its quarterly earnings results on Tuesday. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.11) by $0.05, Zacks reports. HIVE Digital Technologies had a negative return on equity of 10.78% and a negative net margin of 12.04%.
HIVE Digital Technologies Stock Performance
HIVE stock traded down $0.01 during trading on Friday, reaching $2.85. 6,221,402 shares of the stock were exchanged, compared to its average volume of 10,176,283. HIVE Digital Technologies has a twelve month low of $2.18 and a twelve month high of $5.54. The company has a market capitalization of $422.00 million, a P/E ratio of -20.36 and a beta of 3.46. The stock has a 50 day simple moving average of $3.14 and a 200-day simple moving average of $3.36. The company has a current ratio of 5.56, a quick ratio of 5.56 and a debt-to-equity ratio of 0.06.
Analysts Set New Price Targets
HIVE has been the subject of several research reports. StockNews.com raised HIVE Digital Technologies to a "sell" rating in a research note on Tuesday, January 14th. Northland Securities raised their target price on HIVE Digital Technologies from $5.50 to $7.00 and gave the stock an "outperform" rating in a research report on Thursday, November 14th. Roth Capital raised HIVE Digital Technologies to a "strong-buy" rating in a research report on Wednesday, December 18th. Roth Mkm started coverage on HIVE Digital Technologies in a research report on Thursday, December 19th. They issued a "buy" rating and a $7.50 target price for the company. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $9.00 target price on shares of HIVE Digital Technologies in a research report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $8.08.
View Our Latest Research Report on HIVE
HIVE Digital Technologies Company Profile
(
Get Free Report)
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.
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