In yesterday’s Wall Street session, HIVE Blockchain Technologies Ltd. (NASDAQ:HIVE) shares traded at $5.18, up 0.19% from the previous session.
2 analysts cover HIVE Blockchain Technologies Ltd. (NASDAQ:HIVE), according to research data. The consensus rating among analysts is ‘Buy’. HIVE stock price is now 53.21% away from the 50-day moving average and 70.51% away from the 200-day moving average. The market capitalization of the company currently stands at $556.38M.
The stock has received a hold rating from 0 analysts and a buy rating from 2.
Insiders disposed of 2,132,768 shares of company stock worth roughly $11.05 million over the past 1 year. A total of 0.16% 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 DYNAMIC ADVISOR SOLUTIONS LLC during the first quarter worth $411,000. HARVEST PORTFOLIOS GROUP INC. invested $336,000 in shares of HIVE during the first quarter. In the first quarter, SQUAREPOINT OPS LLC acquired a new stake in HIVE Blockchain Technologies Ltd. valued at approximately $245,000. GROUP ONE TRADING, L.P. acquired a new stake in HIVE for approximately $174,000. AE WEALTH MANAGEMENT LLC purchased a new stake in HIVE valued at around $79,000 in the second quarter. In total, there are 96 active investors with 16.24% ownership of the company’s stock.
On Thursday morning HIVE Blockchain Technologies Ltd. (NASDAQ: HIVE) stock kicked off with the opening price of $5.19. During the past 12 months, HIVE Blockchain Technologies Ltd. has had a low of $1.36 and a high of $7.53. As of last week, the company has a debt-to-equity ratio of 0.26, a current ratio of 2.90, and a quick ratio of 2.90. The fifty day moving average price for HIVE is $3.42 and a two-hundred day moving average price translates $3.04 for the stock.
The latest earnings results from HIVE Blockchain Technologies Ltd. (NASDAQ: HIVE) was released for Mar, 2023. According to the Capital Markets Company, earnings per share came in at -$0.16, beating analysts’ expectations of -$0.29 by 0.13. This compares to -$0.46 EPS in the same period last year. The company reported revenue of $18.22 million for the quarter, compared to $49.78 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -63.4 percent. For the current quarter, analysts expect HIVE to generate $21.75M in revenue.
HIVE Blockchain Technologies Ltd.(HIVE) Company Profile
HIVE Blockchain 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 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.
