HIVE Digital Technologies Ltd. (NASDAQ:HIVE - Get Free Report) shares traded up 8.1% during mid-day trading on Monday . The stock traded as high as $4.13 and last traded at $4.12. 4,197,561 shares were traded during trading, an increase of 8% from the average session volume of 3,899,034 shares. The stock had previously closed at $3.81.
Analyst Ratings Changes
Several research firms have commented on HIVE. HC Wainwright reaffirmed a "buy" rating and issued a $8.00 target price on shares of HIVE Digital Technologies in a research note on Tuesday, December 3rd. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $9.00 price objective on shares of HIVE Digital Technologies in a research report on Tuesday, November 19th. 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 note on Thursday, November 14th. StockNews.com raised HIVE Digital Technologies to a "sell" rating in a research note on Tuesday, December 3rd. Finally, Northland Capmk raised shares of HIVE Digital Technologies to a "strong-buy" rating in a research note on Thursday, September 19th. One research analyst has rated the stock with a sell rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, HIVE Digital Technologies presently has a consensus rating of "Moderate Buy" and an average price target of $7.40.
Check Out Our Latest Research Report on HIVE
HIVE Digital Technologies Stock Up 2.9 %
The firm has a 50 day moving average price of $3.93 and a two-hundred day moving average price of $3.44. The firm has a market capitalization of $527.74 million, a price-to-earnings ratio of -29.43 and a beta of 3.39. The company has a current ratio of 5.56, a quick ratio of 5.56 and a debt-to-equity ratio of 0.06.
HIVE Digital Technologies (NASDAQ:HIVE - Get Free Report) last released its quarterly earnings data on Tuesday, November 12th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.03. The company had revenue of $22.65 million during the quarter, compared to the consensus estimate of $25.32 million. HIVE Digital Technologies had a negative net margin of 12.04% and a negative return on equity of 10.78%. During the same period in the previous year, the firm earned ($0.29) earnings per share. On average, equities analysts expect that HIVE Digital Technologies Ltd. will post -0.33 earnings per share for the current fiscal year.
Hedge Funds Weigh In On HIVE Digital Technologies
Several hedge funds and other institutional investors have recently bought and sold shares of HIVE. Lifeworks Advisors LLC purchased a new stake in shares of HIVE Digital Technologies during the third quarter valued at approximately $35,000. Vanguard Personalized Indexing Management LLC purchased a new stake in HIVE Digital Technologies during the 2nd quarter worth $36,000. Gladstone Institutional Advisory LLC acquired a new position in HIVE Digital Technologies in the 3rd quarter worth $44,000. Quadrature Capital Ltd purchased a new position in HIVE Digital Technologies in the 3rd quarter valued at about $50,000. Finally, Wellington Management Group LLP acquired a new stake in shares of HIVE Digital Technologies during the third quarter valued at about $120,000. 24.42% of the stock is owned by institutional investors and hedge funds.
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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