HIVE Digital Technologies (HIVE) Scheduled to Post Quarterly Earnings on Wednesday

HIVE Digital Technologies (NASDAQ:HIVE) is scheduled to be announcing its earnings results before the market opens on Wednesday, November 13th. Analysts expect the company to announce earnings of ($0.09) per share for the quarter.

HIVE Digital Technologies (NASDAQ:HIVE) last issued its quarterly earnings data on Monday, August 12th. The company reported ($0.08) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.08). The firm had revenue of $32.24 million for the quarter, compared to analyst estimates of $31.85 million. HIVE Digital Technologies had a negative net margin of 25.74% and a negative return on equity of 20.88%. 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 Trading Down 0.2 %

Shares of HIVE stock opened at $4.06 on Thursday. The company has a debt-to-equity ratio of 0.06, a current ratio of 7.35 and a quick ratio of 7.35. The firm has a market cap of $496.29 million, a PE ratio of -11.00 and a beta of 3.43. The company has a 50-day moving average of $3.29 and a two-hundred day moving average of $3.13. HIVE Digital Technologies has a 1-year low of $2.18 and a 1-year high of $5.74.

Wall Street Analyst Weigh In

Several research firms have commented on HIVE. HC Wainwright upgraded shares of HIVE Digital Technologies from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $4.00 to $5.00 in a research note on Thursday, August 15th. Cantor Fitzgerald started coverage on shares of HIVE Digital Technologies in a report on Tuesday, October 29th. They set an “overweight” rating and a $9.00 price objective on the stock. B. Riley began coverage on shares of HIVE Digital Technologies in a report on Friday, July 19th. They issued a “buy” rating and a $6.00 target price for the company. Northland Capmk upgraded shares of HIVE Digital Technologies to a “strong-buy” rating in a research note on Thursday, September 19th. Finally, Northland Securities initiated coverage on shares of HIVE Digital Technologies in a research report on Thursday, September 19th. They issued an “outperform” rating and a $5.50 price target for the company. One research analyst has rated the stock with a sell rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $6.25.

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.