HIVE Digital Technologies (HIVE) to Release Quarterly Earnings on Tuesday

HIVE Digital Technologies (NASDAQ:HIVE) is scheduled to announce its earnings results after the market closes on Tuesday, August 13th. Analysts expect the company to announce earnings of ($0.08) per share for the quarter.

HIVE Digital Technologies (NASDAQ:HIVE) last announced its quarterly earnings results on Monday, June 24th. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.10. HIVE Digital Technologies had a negative net margin of 44.73% and a negative return on equity of 28.52%. The company had revenue of $36.88 million for the quarter, compared to analysts’ expectations of $39.70 million. On average, analysts expect HIVE Digital Technologies to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

HIVE Digital Technologies Stock Up 4.2 %

HIVE Digital Technologies stock opened at $2.99 on Wednesday. The firm has a 50 day simple moving average of $3.28 and a 200 day simple moving average of $3.19. The company has a current ratio of 6.77, a quick ratio of 6.77 and a debt-to-equity ratio of 0.07. HIVE Digital Technologies has a 1-year low of $2.18 and a 1-year high of $5.74. The firm has a market capitalization of $351.97 million, a price-to-earnings ratio of -4.86 and a beta of 3.52.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. HC Wainwright lifted their price target on HIVE Digital Technologies from $3.50 to $4.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. B. Riley began coverage on HIVE Digital Technologies in a report on Friday, July 19th. They set a “buy” rating and a $6.00 target price for the company. Canaccord Genuity Group reissued a “buy” rating and issued a $6.00 price target on shares of HIVE Digital Technologies in a report on Wednesday, June 26th. Finally, StockNews.com raised shares of HIVE Digital Technologies to a “sell” rating in a research note on Sunday, June 9th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, HIVE Digital Technologies has a consensus rating of “Hold” and a consensus target price of $5.50.

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.