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

HIVE Digital Technologies (NASDAQ:HIVE) posted its quarterly earnings results on Tuesday. The company reported ($0.06) EPS 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 Stock Performance

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

Wall Street Analyst Weigh In

Several analysts have commented on HIVE shares. HC Wainwright reiterated a “buy” rating and set a $8.00 target price on shares of HIVE Digital Technologies in a research note on Wednesday, January 29th. StockNews.com upgraded HIVE Digital Technologies to a “sell” rating in a report on Tuesday, January 14th. Keefe, Bruyette & Woods initiated coverage on shares of HIVE Digital Technologies in a research note on Wednesday, January 8th. They set an “outperform” rating on the stock. Roth Capital upgraded shares of HIVE Digital Technologies to a “strong-buy” rating in a research note on Wednesday, December 18th. Finally, Northland Securities boosted their price objective on shares of HIVE Digital Technologies from $5.50 to $7.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price 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.