By otakuyassine3@gmail.com 
HIVE Digital Technologies (NASDAQ:HIVE – Get Free Report) had its price target hoisted by research analysts at Canaccord Genuity Group from $7.00 to $8.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective points to a potential upside of 180.70% from the company’s current price.
HIVE has been the subject of several other research reports. Keefe, Bruyette & Woods began coverage on HIVE Digital Technologies in a research note on Wednesday, January 8th. They set an “outperform” rating for the company. HC Wainwright reiterated a “buy” rating and issued a $8.00 price objective on shares of HIVE Digital Technologies in a research report on Wednesday, January 29th. Roth Mkm initiated coverage on HIVE Digital Technologies in a research note on Thursday, December 19th. They issued a “buy” rating and a $7.50 price target on the stock. Roth Capital upgraded HIVE Digital Technologies to a “strong-buy” rating in a research note on Wednesday, December 18th. Finally, StockNews.com raised HIVE Digital Technologies to a “sell” rating in a research note on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, seven have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, HIVE Digital Technologies has an average rating of “Buy” and an average target price of $7.58.
View Our Latest Stock Report on HIVE
HIVE Digital Technologies Stock Up 0.4 %
HIVE Digital Technologies stock traded up $0.01 during midday trading on Thursday, reaching $2.85. The stock had a trading volume of 9,617,535 shares, compared to its average volume of 10,896,668. 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 has a 12 month low of $2.18 and a 12 month high of $5.54. The company has a market capitalization of $422.00 million, a P/E ratio of -20.36 and a beta of 3.46. The company has a fifty day moving average price of $3.32 and a two-hundred day moving average price of $3.42.
HIVE Digital Technologies (NASDAQ:HIVE – Get Free Report) last released its 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. HIVE Digital Technologies had a negative net margin of 12.04% and a negative return on equity of 10.78%. The firm had revenue of $22.65 million during the quarter, compared to the consensus estimate of $25.32 million. During the same period in the prior year, the firm earned ($0.29) EPS. As a group, equities analysts expect that HIVE Digital Technologies will post -0.34 EPS for the current fiscal year.
Hedge Funds Weigh In On HIVE Digital Technologies
A number of hedge funds have recently bought and sold shares of the business. Impact Partnership Wealth LLC raised its position in HIVE Digital Technologies by 11.0% in the fourth quarter. Impact Partnership Wealth LLC now owns 53,231 shares of the company’s stock worth $152,000 after acquiring an additional 5,277 shares during the period. Lifeworks Advisors LLC bought a new stake in shares of HIVE Digital Technologies during the 3rd quarter valued at $35,000. Tobam lifted its stake in shares of HIVE Digital Technologies by 198.6% during the 4th quarter. Tobam now owns 19,060 shares of the company’s stock valued at $54,000 after buying an additional 12,676 shares in the last quarter. Gladstone Institutional Advisory LLC bought a new position in HIVE Digital Technologies in the 3rd quarter worth $44,000. Finally, Quadrature Capital Ltd purchased a new stake in HIVE Digital Technologies in the 3rd quarter worth $50,000. Hedge funds and other institutional investors own 24.42% of the company’s stock.
HIVE Digital Technologies Company Profile
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.
Recommended Stories
Receive News & Ratings for HIVE Digital Technologies Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for HIVE Digital Technologies and related companies with MarketBeat.com’s FREE daily email newsletter.