HIVE Digital Technologies (NASDAQ:HIVE) Now Covered by Roth Mkm

Roth Mkm started coverage on shares of HIVE Digital Technologies (NASDAQ:HIVE) in a report issued on Thursday, MarketBeat.com reports. The firm issued a buy rating and a $7.50 price objective on the stock.

Other research analysts also recently issued research reports about the stock. Canaccord Genuity Group raised their price target on shares of HIVE Digital Technologies from $6.00 to $7.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $9.00 price target on shares of HIVE Digital Technologies in a research report on Tuesday, November 19th. Northland Securities upped their price target on HIVE Digital Technologies from $5.50 to $7.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. Northland Capmk raised HIVE Digital Technologies to a “strong-buy” rating in a research note on Thursday, September 19th. Finally, HC Wainwright reissued a “buy” rating and issued a $8.00 price target on shares of HIVE Digital Technologies in a research report on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, six have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $7.42.

HIVE Digital Technologies Stock Up 1.6 %

HIVE traded up $0.05 during trading on Thursday, reaching $3.19. 4,261,264 shares of the stock traded hands, compared to its average volume of 4,015,098. The stock’s 50-day simple moving average is $3.97 and its two-hundred day simple moving average is $3.46. The company has a debt-to-equity ratio of 0.06, a current ratio of 5.56 and a quick ratio of 5.56. HIVE Digital Technologies has a fifty-two week low of $2.18 and a fifty-two week high of $5.74. The stock has a market cap of $429.46 million, a price-to-earnings ratio of -22.78 and a beta of 3.39.

HIVE Digital Technologies (NASDAQ:HIVE) last announced its quarterly earnings results 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 return on equity of 10.78% and a negative net margin of 12.04%. The business had revenue of $22.65 million during the quarter, compared to analysts’ expectations of $25.32 million. During the same quarter in the previous year, the business posted ($0.29) EPS. As a group, equities research analysts expect that HIVE Digital Technologies will post -0.33 EPS for the current year.

Institutional Investors Weigh In On HIVE Digital Technologies

A number of institutional investors have recently added to or reduced their stakes in HIVE. Lifeworks Advisors LLC acquired a new position in HIVE Digital Technologies in the 3rd quarter valued at approximately $35,000. Vanguard Personalized Indexing Management LLC bought a new stake in shares of HIVE Digital Technologies during the second quarter valued at approximately $36,000. Gladstone Institutional Advisory LLC acquired a new position in shares of HIVE Digital Technologies in the third quarter valued at $44,000. Quadrature Capital Ltd bought a new position in HIVE Digital Technologies in the third quarter worth $50,000. Finally, Wellington Management Group LLP acquired a new stake in HIVE Digital Technologies during the third quarter worth $120,000. 24.42% of the stock is owned by institutional investors and hedge funds.

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.