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

HIVE Digital Technologies (NASDAQ:HIVE) will announce its earnings results after the market closes on Tuesday, August 13th. Analysts expect the company to announce earnings of ($0.08) per share for the quarter.

HIVE Digital Technologies (NASDAQ:HIVE) last announced its quarterly earnings results on Monday, June 24th. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.13) by $0.10. HIVE Digital Technologies had a negative return on equity of 28.52% and a negative net margin of 44.73%. The firm had revenue of $36.88 million for the quarter, compared to analyst estimates of $39.70 million. 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 Up 4.2 %

NASDAQ:HIVE opened at $2.99 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 6.77 and a quick ratio of 6.77. HIVE Digital Technologies has a 1-year low of $2.18 and a 1-year high of $5.74. The company has a 50-day moving average of $3.28 and a 200 day moving average of $3.19. The firm has a market cap of $351.97 million, a PE ratio of -4.86 and a beta of 3.52.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on HIVE. B. Riley assumed coverage on shares of HIVE Digital Technologies in a research report on Friday, July 19th. They issued a “buy” rating and a $6.00 price target for the company. StockNews.com upgraded HIVE Digital Technologies to a “sell” rating in a report on Sunday, June 9th. HC Wainwright upped their price objective on HIVE Digital Technologies from $3.50 to $4.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a $6.00 target price on shares of HIVE Digital Technologies in a research note on Wednesday, June 26th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $5.50.

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.