HIVE Digital Technologies (NASDAQ:HIVE) Releases Earnings Results, Beats Estimates By $0.05 EPS

HIVE Digital Technologies (NASDAQ:HIVE) posted its earnings results on Tuesday. The company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.05, Zacks reports. HIVE Digital Technologies had a negative net margin of 12.04% and a negative return on equity of 10.78%.

HIVE Digital Technologies Trading Down 3.9 %

Shares of HIVE traded down $0.11 during mid-day trading on Tuesday, reaching $2.72. 12,555,550 shares of the company’s stock traded hands, compared to its average volume of 11,080,705. HIVE Digital Technologies has a 12 month low of $2.18 and a 12 month high of $5.54. 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 stock has a market cap of $402.75 million, a P/E ratio of -19.43 and a beta of 3.46. The stock’s 50-day moving average is $3.25 and its two-hundred day moving average is $3.38.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on HIVE shares. Roth Capital raised shares of HIVE Digital Technologies to a “strong-buy” rating in a research note on Wednesday, December 18th. Roth Mkm initiated coverage on shares of HIVE Digital Technologies in a report on Thursday, December 19th. They issued a “buy” rating and a $7.50 price target for the company. Northland Securities boosted their price objective 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. StockNews.com raised HIVE Digital Technologies to a “sell” rating in a research note on Tuesday, January 14th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $9.00 target price on shares of HIVE Digital Technologies in a report on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $7.58.

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.