HIVE Digital Technologies (HIVE) Stock Price, News & Analysis

Company Overview

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. and changed its name to HIVE Digital Technologies Ltd. in July 2023. HIVE Digital Technologies Ltd. was incorporated in 1987 and is headquartered in Vancouver, Canada.

Key Stats

• Today's Range: $3.05 to $3.23
• 50-Day Range: $3.13 to $5.25
• 52-Week Range: $2.18 to $5.74
• Volume: 15.67 million shs
• Average Volume: 4.07 million shs
• Market Capitalization: $421.38 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $7.42
• Consensus Rating: Buy

HIVE Digital Technologies Stock Analysis - MarketRank™

HIVE Digital Technologies scored higher than 66% of companies evaluated by MarketBeat, and ranked 513th out of 937 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.6 / 5
• Analyst Rating: Buy

Consensus Rating

HIVE Digital Technologies has received a consensus rating of Buy. The company's average rating score is 3.25, and is based on 6 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

HIVE Digital Technologies has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for HIVE Digital Technologies are expected to grow in the coming year, from ($0.33) to $0.02 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of HIVE Digital Technologies is -22.36, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of HIVE Digital Technologies is -22.36, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

HIVE Digital Technologies has a P/B Ratio of 1.29. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.93% of the float of HIVE Digital Technologies has been sold short.

Short Interest Ratio / Days to Cover

HIVE Digital Technologies has a short interest ratio ("days to cover") of 0.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in HIVE Digital Technologies has recently increased by 13.94%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

HIVE Digital Technologies does not currently pay a dividend.

Dividend Growth

HIVE Digital Technologies does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

2.93% of the float of HIVE Digital Technologies has been sold short.

Short Interest Ratio / Days to Cover

HIVE Digital Technologies has a short interest ratio ("days to cover") of 0.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in HIVE Digital Technologies has recently increased by 13.94%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.1 / 5
• News Sentiment: 0.67

News Sentiment

HIVE Digital Technologies has a news sentiment score of 0.67. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.79 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 8 news articles for HIVE Digital Technologies this week, compared to 2 articles on an average week.

Search Interest

20 people have searched for HIVE on MarketBeat in the last 30 days. This is an increase of 11% compared to the previous 30 days.

MarketBeat Follows

12 people have added HIVE Digital Technologies to their MarketBeat watchlist in the last 30 days. This is an increase of 9% compared to the previous 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, HIVE Digital Technologies insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 9.44% of the stock of HIVE Digital Technologies is held by insiders.

Percentage Held by Institutions

Only 24.42% of the stock of HIVE Digital Technologies is held by institutions.

HIVE Stock Analysis - Frequently Asked Questions

How have HIVE shares performed this year?

HIVE Digital Technologies' stock was trading at $4.53 on January 1st, 2024. Since then, HIVE stock has decreased by 30.9% and is now trading at $3.13.
View the best growth stocks for 2024 here.

How were HIVE Digital Technologies' earnings last quarter?

HIVE Digital Technologies Ltd. (NASDAQ:HIVE) released its quarterly earnings results on Tuesday, November, 12th. The company reported ($0.06) earnings per share for the quarter, beating analysts' consensus estimates of ($0.09) by $0.03. The firm earned $22.65 million during the quarter, compared to analysts' expectations of $25.32 million. HIVE Digital Technologies had a negative net margin of 12.04% and a negative trailing twelve-month return on equity of 10.78%.

Who are HIVE Digital Technologies' major shareholders?

Top institutional investors of HIVE Digital Technologies include Tidal Investments LLC (3.16%), Van ECK Associates Corp (3.29%), State Street Corp (2.53%) and Geode Capital Management LLC (0.55%).

How do I buy shares of HIVE Digital Technologies?

Shares of HIVE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of HIVE Digital Technologies own?

Based on aggregate information from My MarketBeat watchlists, some other companies that HIVE Digital Technologies investors own include NVIDIA (NVDA), Meta Platforms (META), Tesla (TSLA), Riot Platforms (RIOT), Advanced Micro Devices (AMD) and PayPal (PYPL).

Company Calendar

• Last Earnings: 11/12/2024
• Today: 12/20/2024
• Fiscal Year End: 3/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: Nondepository credit institutions
• Sub-Industry: Banking
• Current Symbol: NASDAQ:HIVE
• CUSIP: N/A
• CIK: 1720424
• Web: www.hiveblockchain.com
• Phone: 604-664-1078
• Fax: N/A
• Employees: 20
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $7.42
• High Stock Price Target: $9.00
• Low Stock Price Target: $6.00
• Potential Upside/Downside: +137.0%
• Consensus Rating: Buy
• Rating Score (0-4): 3.25
• Research Coverage: 8 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.14)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-51,210,000.00
• Net Margins: -12.04%
• Pretax Margin: -8.71%
• Return on Equity: -10.78%
• Return on Assets: -8.97%

Debt

• Debt-to-Equity Ratio: 0.06
• Current Ratio: 5.56
• Quick Ratio: 5.56

Sales & Book Value

• Annual Sales: $124.87 million
• Price / Sales: 3.37
• Cash Flow: $0.12 per share
• Price / Cash Flow: 26.19
• Book Value: $2.42 per share
• Price / Book: 1.29

Miscellaneous

• Outstanding Shares: 134,627,000
• Free Float: 119,820,000
• Market Cap: $421.38 million
• Optionable: Optionable
• Beta: 3.39