HIVE Blockchain Technologies Ltd. (NASDAQ:HIVE) to Post Q3 2023 Earnings of ($0.32) per Share, HC Wainwright Forecasts
HIVE Blockchain Technologies Ltd. (NASDAQ:HIVE – Get Rating) – HC Wainwright decreased their Q3 2023 earnings per share estimates for shares of HIVE Blockchain Technologies in a research report issued on Monday, December 12th. HC Wainwright analyst K. Dede now forecasts that the company will earn ($0.32) per share for the quarter, down from their prior estimate of ($0.14). HC Wainwright currently has a “Buy” rating and a $5.00 target price on the stock. The consensus estimate for HIVE Blockchain Technologies’ current full-year earnings is ($1.38) per share. HC Wainwright also issued estimates for HIVE Blockchain Technologies’ Q4 2023 earnings at ($0.33) EPS and FY2023 earnings at ($1.68) EPS.
A number of other equity analysts have also commented on the company. TheStreet lowered HIVE Blockchain Technologies from a “c” rating to a “d+” rating in a research report on Thursday, September 1st. Canaccord Genuity Group boosted their price objective on HIVE Blockchain Technologies from $5.50 to $7.00 and gave the company a “buy” rating in a research report on Monday, August 29th. Canaccord Genuity Group boosted their price objective on HIVE Blockchain Technologies from $5.50 to $7.00 in a research report on Monday, August 29th. Finally, StockNews.com upgraded HIVE Blockchain Technologies to a “sell” rating in a research report on Friday, 21st. October.
HIVE Blockchain Technologies Accumulates 2.6%
NASDAQ HIVE opened at $1.95 on Wednesday. The firm has a market cap of $161.90 million, a PE ratio of -1.70 and a beta of 2.11. HIVE Blockchain Technologies has a one year low of $1.84 and a one year high of $15.80. The stock’s 50 day simple moving average is $2.66 and the 200 day simple moving average is $3.65. The company has a gearing ratio of 0.11, a gearing ratio of 3.75 and a quick ratio of 3.75.
Institutional inflows and outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Toroso Investments LLC boosted its position in shares of HIVE Blockchain Technologies by 132.2% in the 3rd quarter. Toroso Investments LLC now owns 25,291 shares of the company’s stock worth $95,000 after buying an additional 14,400 shares during the last quarter. IHT Wealth Management LLC bought a new stake in HIVE Blockchain Technologies during the 3rd quarter worth $110,000. Captrust Financial Advisors raised its stake in HIVE Blockchain Technologies by 786.9% during the 3rd quarter. Captrust Financial Advisors now owns 10,448 shares of the company’s stock worth $39,000 after purchasing an additional 9,270 shares during the period. Almanack Investment Partners LLC. bought a new stake in HIVE Blockchain Technologies during the 3rd quarter worth $44,000. Finally, State Street Corp raised its stake in HIVE Blockchain Technologies by 3.4% during the 3rd quarter. State Street Corp now owns 348,212 shares of the company’s stock worth $1,309,000 after buying an additional 11,481 shares during the period. 8.08% of the share is currently owned by institutional investors.
HIVE Blockchain Technologies Company Profile
(Get rating)
HIVE Blockchain Technologies Ltd. operates as a cryptocurrency mining company in Canada, Sweden and Iceland. It mines and sells digital currencies, including Ethereum, Ethereum Classic, and Bitcoin. The company was formerly known as Leeta Gold Corp. and changed its name to HIVE Blockchain Technologies Ltd.
read more
This instant news alert was generated by narrative science technology and financial data from MarketBeat to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial staff prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider HIVE Blockchain Technologies, you want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and HIVE Blockchain Technologies was not on the list.
While HIVE Blockchain Technologies currently has a “Buy” rating among analysts, top-rated analysts believe that these five stocks are better buys.
See the five shares here
