HIVE Digital Technologies Ltd. Forecasted to Post Q1 2025 Earnings of ($0.09) Per Share (NASDAQ:HIVE)

HIVE Digital Technologies Ltd. (NASDAQ:HIVE) – Research analysts at HC Wainwright lifted their Q1 2025 earnings per share (EPS) estimates for shares of HIVE Digital Technologies in a research report issued to clients and investors on Tuesday, July 23rd. HC Wainwright analyst M. Colonnese now anticipates that the company will post earnings per share of ($0.09) for the quarter, up from their prior estimate of ($0.15). HC Wainwright has a “Neutral” rating and a $4.00 price target on the stock. The consensus estimate for HIVE Digital Technologies’ current full-year earnings is ($0.38) per share. HC Wainwright also issued estimates for HIVE Digital Technologies’ FY2025 earnings at ($0.49) EPS.

HIVE Digital Technologies (NASDAQ:HIVE) last announced its quarterly earnings data on Monday, June 24th. The company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $39.70 million.

HIVE has been the subject of several other reports. Canaccord Genuity Group reiterated a “buy” rating and set a $6.00 price target on shares of HIVE Digital Technologies in a report on Wednesday, June 26th. B. Riley assumed coverage on HIVE Digital Technologies in a report on Friday, July 19th. They set a “buy” rating and a $6.00 price target for the company. Finally, StockNews.com upgraded HIVE Digital Technologies to a “sell” rating in a report on Sunday, June 9th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $5.50.

HIVE Digital Technologies Stock Down 4.4 %

Shares of NASDAQ HIVE opened at $4.11 on Thursday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 6.77 and a current ratio of 6.77. HIVE Digital Technologies has a one year low of $2.18 and a one year high of $5.74. The business has a 50-day moving average price of $3.13 and a two-hundred day moving average price of $3.22.

Institutional Investors Weigh In On HIVE Digital Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Chesapeake Capital Corp IL acquired a new stake in HIVE Digital Technologies in the 4th quarter worth approximately $92,000. Van ECK Associates Corp lifted its holdings in HIVE Digital Technologies by 39.8% in the 4th quarter. Van ECK Associates Corp now owns 1,843,702 shares of the company’s stock worth $8,352,000 after purchasing an additional 524,613 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in HIVE Digital Technologies by 6.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 914,308 shares of the company’s stock worth $4,133,000 after buying an additional 54,615 shares during the period. Scotia Capital Inc. bought a new position in HIVE Digital Technologies in the 4th quarter worth approximately $64,000. Finally, Quadrature Capital Ltd bought a new position in HIVE Digital Technologies in the 4th quarter worth approximately $458,000. 24.42% of the stock is currently owned by institutional investors and hedge funds.

About HIVE Digital Technologies

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.