HIVE Digital Technologies (NASDAQ:HIVE) Releases Quarterly Earnings Results, Beats Estimates By $0.05 EPS

HIVE Digital Technologies (NASDAQ:HIVE) posted its quarterly earnings results on Tuesday. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.05, Zacks reports. HIVE Digital Technologies had a negative net margin of 12.04% and a negative return on equity of 10.78%.

HIVE Digital Technologies Stock Performance

NASDAQ HIVE opened at $2.75 on Thursday. 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 52 week low of $2.18 and a 52 week high of $5.54. The firm has a 50 day moving average of $3.19 and a two-hundred day moving average of $3.37.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Roth Mkm assumed coverage on shares of HIVE Digital Technologies in a research report on Thursday, December 19th. They set a “buy” rating and a $7.50 price objective for the company. StockNews.com upgraded shares of HIVE Digital Technologies to a “sell” rating in a research report on Tuesday, January 14th. Roth Capital upgraded shares of HIVE Digital Technologies to a “strong-buy” rating in a research report on Wednesday, December 18th. HC Wainwright restated a “buy” rating and set a $8.00 price objective on shares of HIVE Digital Technologies in a research report on Wednesday, January 29th. Finally, Canaccord Genuity Group raised their price objective on shares of HIVE Digital Technologies from $8.00 to $9.00 and gave the stock a “buy” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, HIVE Digital Technologies presently has a consensus rating of “Buy” and an average target price of $7.75.

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.