HIVE Digital Technologies (NASDAQ:HIVE) Earns “Buy” Rating from HC Wainwright

HIVE Digital Technologies (NASDAQ:HIVE)‘s stock had its “buy” rating reiterated by equities research analysts at HC Wainwright in a research note issued to investors on Tuesday,Benzinga reports. They presently have a $8.00 price objective on the stock. HC Wainwright’s price target suggests a potential upside of 84.33% from the company’s previous close.

A number of other research firms have also recently weighed in on HIVE. Northland Capmk raised shares of HIVE Digital Technologies to a “strong-buy” rating in a research note on Thursday, September 19th. Canaccord Genuity Group boosted their target price on shares of HIVE Digital Technologies from $6.00 to $7.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Northland Securities boosted their target price on shares of HIVE Digital Technologies from $5.50 to $7.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. StockNews.com raised shares of HIVE Digital Technologies to a “sell” rating in a research note on Tuesday. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $9.00 target price on shares of HIVE Digital Technologies in a research note on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, HIVE Digital Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $7.40.

HIVE Digital Technologies Stock Up 6.6 %

Shares of HIVE opened at $4.34 on Tuesday. HIVE Digital Technologies has a one year low of $2.18 and a one year high of $5.74. The company has a market cap of $567.98 million, a P/E ratio of -31.00 and a beta of 3.39. The company has a debt-to-equity ratio of 0.06, a current ratio of 5.56 and a quick ratio of 5.56. The firm has a 50 day simple moving average of $3.79 and a two-hundred day simple moving average of $3.36.

HIVE Digital Technologies (NASDAQ:HIVE) last announced its quarterly earnings data on Tuesday, November 12th. The company reported ($0.06) EPS for the quarter, beating the consensus estimate 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 business had revenue of $22.65 million during the quarter, compared to the consensus estimate of $25.32 million. During the same period in the previous year, the business earned ($0.29) earnings per share. Research analysts forecast that HIVE Digital Technologies will post -0.31 EPS for the current fiscal year.

Institutional Trading of HIVE Digital Technologies

Institutional investors have recently modified their holdings of the business. Lifeworks Advisors LLC bought a new stake in shares of HIVE Digital Technologies in the third quarter worth $35,000. Vanguard Personalized Indexing Management LLC bought a new stake in shares of HIVE Digital Technologies in the second quarter worth $36,000. Gladstone Institutional Advisory LLC bought a new stake in HIVE Digital Technologies during the third quarter valued at $44,000. Quadrature Capital Ltd bought a new stake in HIVE Digital Technologies during the third quarter valued at $50,000. Finally, Wellington Management Group LLP bought a new stake in HIVE Digital Technologies during the third quarter valued at $120,000. Institutional investors own 24.42% of the company’s stock.

About HIVE Digital Technologies

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.