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

HIVE Digital Technologies (NASDAQ:HIVE) announced its earnings results on Tuesday. The company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 Trading Down 3.9 %

Shares of NASDAQ:HIVE opened at $2.72 on Wednesday. The stock has a 50-day simple moving average of $3.22 and a 200-day simple moving average of $3.38. HIVE Digital Technologies has a 1 year low of $2.18 and a 1 year high of $5.54. The company has a current ratio of 5.56, a quick ratio of 5.56 and a debt-to-equity ratio of 0.06.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Roth Capital raised HIVE Digital Technologies to a “strong-buy” rating in a research note on Wednesday, December 18th. Keefe, Bruyette & Woods started coverage on HIVE Digital Technologies in a research report on Wednesday, January 8th. They set an “outperform” rating on the stock. Cantor Fitzgerald reissued an “overweight” rating and issued a $9.00 price target on shares of HIVE Digital Technologies in a research note on Tuesday, November 19th. Northland Securities upped their price objective on shares of HIVE Digital Technologies from $5.50 to $7.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. Finally, StockNews.com raised shares of HIVE Digital Technologies to a “sell” rating in a research report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $7.58.

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.