HIVE Blockchain Technologies Ltd. (NASDAQ:HIVE) does about 1.34M shares in volume on a normal day but saw 2468795 shares change hands in Monday trading. The company now has a market cap of 355.28M USD. Its current market price is $3.44, marking an increase of 9.55% compared to the previous close of $3.14. The 52 week high reached by this stock is $12.05 whilst the lowest price level in 52 weeks is $1.36. The script in recent trading has seen the stock touch a high of $3.525 and a low of $3.21.
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HIVE Blockchain Technologies Ltd. (HIVE) has a 20-day trading average at $2.23 and the current price is -71.45% off the 52-week high compared with 152.94% distance from its 52-week low. The 50-day simple moving average of the closing price is $2.15 and its 200-day simple moving average is $4.07. If we look at the stock’s price movements over the week, volatility stands at 13.29%, which decreases to 11.56% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 72.20 to suggest the stock is overbought.
3 analysts observing the HIVE Blockchain Technologies Ltd. (HIVE) stock have set the 12-month price targets for the company’s shares at between $4.00 and $7.00. The consensus objective for the share price is $4.99, suggesting that the stock has a potential upside of 31.06% over the period. The median price target is 31.2% away from the current levels at $5.00.
FactSet Research has provided data showing that 3 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 3 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Strong Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on March 25, 2022 when Stifel initiated the stock to “Buy” and issued a price target of $3.75.
The current price level is 60.75%, 61.61%, and -16.13% away from its SMA20, SMA50, and SMA200 respectively, with the HIVE price moving below the 50-day SMA on January 23. HIVE Blockchain Technologies Ltd. (HIVE) stock is up 9.90% over the week and 94.35% over the past month. Its price is 138.89% year-to-date and -68.15% over the past year.
The stock last released its quarterly earnings report for quarter ended 9/29/2022, with the company’s earnings per share (EPS) of -$0.45 below consensus estimates by -$0.21. The company’s next earnings report is expected on 05/31/2023. Expected sales for next quarter are $16.12 million, which analysts say will come at $104.05 million for the current fiscal year and next year at $58 million. In addition, estimates put the company’s current quarterly revenue at an average of $14.06 million.
Its 12-month price target is $5.00. To reach the target analysts have set, the stock logically needs to grow 31.06 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $4.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $7.00.
Outstanding shares total 103.28M with insiders holding 7.71% of the shares and institutional holders owning 14.62% of the company’s common stock. The company has a return on investment of 16.20% and return on equity of -38.50%. The price to earnings ratio (P/E ratio) amounts to 1.23. The beta has a value of 4.17. Price to book ratio is 0.92 and price to sales ratio is 1.36.
Invesco Mkts II Plc – CoinShares isn’t the only investment manager who changed stakes and is followed by Amplify Transformational Data Sha, which sold off 59904.0 shares to end up with 3,062,093 shares worth $4.41 million.
