HIVE Digital Technologies (HIVE) to Release Earnings on Tuesday

HIVE Digital Technologies (NASDAQ:HIVE) is anticipated to issue its quarterly earnings data 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 released its earnings results on Tuesday, November 12th. The company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.03. The company had revenue of $22.65 million during the quarter, compared to analysts’ expectations 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 period last year, the business earned ($0.29) EPS. 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 0.7 %

NASDAQ HIVE opened at $2.91 on Tuesday. 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 current ratio of 5.56, a quick ratio of 5.56 and a debt-to-equity ratio of 0.06. HIVE Digital Technologies has a 12-month low of $2.18 and a 12-month high of $5.54. The company has a fifty day simple moving average of $3.36 and a two-hundred day simple moving average of $3.43.

Analyst Upgrades and Downgrades

HIVE has been the subject of a number of recent research reports. HC Wainwright reiterated a “buy” rating and set a $8.00 price objective on shares of HIVE Digital Technologies in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods began coverage on HIVE Digital Technologies in a research note on Wednesday, January 8th. They issued an “outperform” rating for the company. Roth Capital upgraded HIVE Digital Technologies to a “strong-buy” rating in a research report on Wednesday, December 18th. StockNews.com upgraded HIVE Digital Technologies to a “sell” rating in a research report on Tuesday, January 14th. Finally, Northland Securities increased their target price on 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 given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus 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.