HIVE Digital Technologies (HIVE) to Release Quarterly Earnings on Tuesday

HIVE Digital Technologies (NASDAQ:HIVE) is expected to be posting its quarterly earnings results after the market closes on Tuesday, February 11th. Analysts expect the company to announce earnings of ($0.11) per share and revenue of $27.97 million for the quarter.

HIVE Digital Technologies (NASDAQ:HIVE) last issued its earnings results on Tuesday, November 12th. The company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.03. The firm had revenue of $22.65 million during the quarter, compared to analyst estimates of $25.32 million. HIVE Digital Technologies had a negative net margin of 12.04% and a negative return on equity of 10.78%. During the same quarter in the prior year, the business earned ($0.29) earnings per share. 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 Stock Down 0.7 %

Shares of HIVE stock opened at $2.91 on Tuesday. The company’s fifty day simple moving average is $3.36 and its two-hundred day simple moving average is $3.43. HIVE Digital Technologies has a 52 week low of $2.18 and a 52 week high of $5.54. The stock has a market cap of $430.88 million, a P/E ratio of -20.78 and a beta of 3.46. The company has a quick ratio of 5.56, a current ratio of 5.56 and a debt-to-equity ratio of 0.06.

Analyst Upgrades and Downgrades

HIVE has been the topic of a number of research analyst reports. Roth Capital upgraded HIVE Digital Technologies to a “strong-buy” rating in a research report on Wednesday, December 18th. Canaccord Genuity Group upped their price objective on HIVE Digital Technologies from $6.00 to $7.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. StockNews.com raised shares of HIVE Digital Technologies to a “sell” rating in a report on Tuesday, January 14th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $9.00 price target on shares of HIVE Digital Technologies in a research note on Tuesday, November 19th. Finally, Northland Securities increased their price objective on shares of HIVE Digital Technologies from $5.50 to $7.00 and gave the company an “outperform” rating in a research report on Thursday, November 14th. One analyst has rated the stock with a sell rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $7.42.

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.