HIVE Digital Technologies Ltd. (NASDAQ:HIVE - Get Free Report) has been assigned an average recommendation of "Buy" from the six analysts that are presently covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $7.40.
A number of equities analysts have issued reports on the company. Northland Capmk upgraded HIVE Digital Technologies to a "strong-buy" rating in a research report on Thursday, September 19th. StockNews.com raised shares of HIVE Digital Technologies to a "sell" rating in a research report on Tuesday. Northland Securities boosted 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. Canaccord Genuity Group raised their target price on shares of HIVE Digital Technologies from $6.00 to $7.00 and gave the company a "buy" rating in a report on Thursday, November 14th. Finally, HC Wainwright boosted their price target on HIVE Digital Technologies from $5.00 to $8.00 and gave the company a "buy" rating in a research note on Thursday, November 14th.
Read Our Latest Research Report on HIVE
Shares of NASDAQ HIVE opened at $4.09 on Tuesday. The company has a quick ratio of 5.56, a current ratio of 5.56 and a debt-to-equity ratio of 0.06. The firm's 50-day moving average is $3.75 and its 200-day moving average is $3.34. HIVE Digital Technologies has a 1 year low of $2.18 and a 1 year high of $5.74.
HIVE Digital Technologies (NASDAQ:HIVE - Get Free Report) last posted its quarterly earnings results on Tuesday, November 12th. The company reported ($0.06) EPS for the quarter, beating analysts' consensus estimates of ($0.09) by $0.03. HIVE Digital Technologies had a negative net margin of 12.04% and a negative return on equity of 10.78%. The company had revenue of $22.65 million during the quarter, compared to analyst estimates of $25.32 million. During the same period in the prior year, the business posted ($0.29) EPS. Equities analysts expect that HIVE Digital Technologies will post -0.29 EPS for the current year.
Several large investors have recently modified their holdings of HIVE. Van ECK Associates Corp lifted its holdings in shares of HIVE Digital Technologies by 35.4% during the 2nd quarter. Van ECK Associates Corp now owns 3,894,605 shares of the company's stock worth $11,995,000 after acquiring an additional 1,018,231 shares during the last quarter. XTX Topco Ltd purchased a new stake in HIVE Digital Technologies during the 3rd quarter worth approximately $463,000. Charles Schwab Investment Management Inc. boosted its holdings in HIVE Digital Technologies by 48.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 325,216 shares of the company's stock valued at $1,018,000 after purchasing an additional 106,103 shares in the last quarter. State Street Corp grew its stake in shares of HIVE Digital Technologies by 2.9% in the 3rd quarter. State Street Corp now owns 3,214,101 shares of the company's stock valued at $10,060,000 after purchasing an additional 91,056 shares during the last quarter. Finally, Centiva Capital LP acquired a new stake in shares of HIVE Digital Technologies in the 3rd quarter worth approximately $235,000. Institutional investors and hedge funds own 24.42% of the company's stock.
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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