The stock of HIVE Blockchain Technologies Ltd. (NASDAQ:HIVE) last traded at $1.50, down -5.66% from the previous session.
Data from the available sources indicates that HIVE Blockchain Technologies Ltd. (NASDAQ:HIVE) is covered by 3 analysts. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $7.00 and a low of $4.00, we find $5.00. Given the previous closing price of $1.59, this indicates a potential upside of 214.47 percent. HIVE stock price is now -38.40% away from the 50-day moving average and -68.56% away from the 200-day moving average. The market capitalization of the company currently stands at $172.37M.
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In total, 0 analysts have assigned it a hold rating, and 3 have given it a buy rating. Brokers who have rated the stock have averaged $5.33 as their price target over the next twelve months.
With the price target of $3.75, Stifel recently initiated with Buy rating for HIVE Blockchain Technologies Ltd. (NASDAQ: HIVE). On March 25, 2022, Canaccord Genuity recently initiated its ‘Buy’ rating on the stock quoting a target price of $2.80.
Insiders disposed of 5,012,834 shares of company stock worth roughly $7.52 million over the past 1 year. A total of 7.92% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in HIVE stock. A new stake in HIVE Blockchain Technologies Ltd. shares was purchased by WELLINGTON MANAGEMENT GROUP LLP during the first quarter worth $103,000. SIMPLEX TRADING, LLC invested $54,000 in shares of HIVE during the first quarter. In the first quarter, CHARLES SCHWAB INVESTMENT MANAGEMENT INC acquired a new stake in HIVE Blockchain Technologies Ltd. valued at approximately $53,000. IHT WEALTH MANAGEMENT, LLC acquired a new stake in HIVE for approximately $44,000. ALMANACK INVESTMENT PARTNERS, LLC. purchased a new stake in HIVE valued at around $17,000 in the second quarter. In total, there are 104 active investors with 14.62% ownership of the company’s stock.
With an opening price of $1.5600 on Tuesday morning, HIVE Blockchain Technologies Ltd. (NASDAQ: HIVE) set off the trading day. During the past 12 months, HIVE Blockchain Technologies Ltd. has had a low of $1.57 and a high of $15.80. As of last week, the company has a debt-to-equity ratio of 0.16, a current ratio of 3.70, and a quick ratio of 3.70. The fifty day moving average price for HIVE is $2.4352 and a two-hundred day moving average price translates $4.7708 for the stock.
The latest earnings results from HIVE Blockchain Technologies Ltd. (NASDAQ: HIVE) was released for Jun, 2022. According to the Capital Markets Company, earnings per share came in at -$1.16, missing analysts’ expectations of -$0.06 by -1.1. This compares to $0.49 EPS in the same period last year. The net profit margin was -65.10% and return on equity was -38.50% for HIVE. The company reported revenue of $29.6 million for the quarter, compared to $53.57 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -44.75 percent. For the current quarter, analysts expect HIVE to generate $28.6M in revenue.
HIVE Blockchain Technologies Ltd.(HIVE) Company Profile
HIVE Blockchain Technologies Ltd. operates as a cryptocurrency mining company in Canada, Sweden, and Iceland. It engages in the mining and sale of digital currencies, including Ethereum, Ethereum Classic, and Bitcoin. The company was formerly known as Leeta Gold Corp. and changed its name to HIVE Blockchain Technologies Ltd. in September 2017. HIVE Blockchain Technologies Ltd. was incorporated in 1987 and is headquartered in Vancouver, Canada.
