HIVE Digital Technologies (NASDAQ:HIVE - Get Free Report) issued its earnings results on Tuesday. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.03, Zacks reports. The business had revenue of $22.65 million during the quarter, compared to analysts' expectations of $25.32 million. HIVE Digital Technologies had a negative return on equity of 10.78% and a negative net margin of 12.04%. During the same period in the prior year, the business earned ($0.29) EPS.
HIVE Digital Technologies Price Performance
Shares of NASDAQ:HIVE traded up $0.12 during midday trading on Friday, hitting $4.43. The company had a trading volume of 5,661,642 shares, compared to its average volume of 3,567,576. HIVE Digital Technologies has a twelve month low of $2.18 and a twelve month 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 7.35. The stock has a market cap of $561.84 million, a price-to-earnings ratio of -31.64 and a beta of 3.43. The business's 50-day simple moving average is $3.54 and its 200-day simple moving average is $3.21.
Wall Street Analyst Weigh In
Several research analysts have recently commented on HIVE shares. Canaccord Genuity Group boosted their price target on HIVE Digital Technologies from $6.00 to $7.00 and gave the stock a "buy" rating in a research report on Thursday. Northland Capmk raised HIVE Digital Technologies to a "strong-buy" rating in a research report on Thursday, September 19th. Cantor Fitzgerald assumed coverage on HIVE Digital Technologies in a research report on Tuesday, October 29th. They set an "overweight" rating and a $9.00 target price on the stock. Northland Securities upped their target price on HIVE Digital Technologies from $5.50 to $7.00 and gave the company an "outperform" rating in a research report on Thursday. Finally, B. Riley assumed coverage on HIVE Digital Technologies in a research report on Friday, July 19th. They set a "buy" rating and a $6.00 target price on the stock. One investment analyst has rated the stock with a sell rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $7.17.
View Our Latest Research Report on HIVE
About HIVE Digital Technologies
(
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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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