HIVE Digital Technologies (NASDAQ:HIVE) Posts 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 (EPS) 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 Price Performance

NASDAQ HIVE opened at $2.72 on Wednesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 5.56 and a quick ratio of 5.56. HIVE Digital Technologies has a fifty-two week low of $2.18 and a fifty-two week high of $5.54. The business has a fifty day moving average of $3.22 and a 200-day moving average of $3.38.

Wall Street Analysts Forecast Growth

HIVE has been the topic of several recent analyst reports. HC Wainwright reiterated a “buy” rating and set a $8.00 target price on shares of HIVE Digital Technologies in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods started coverage on HIVE Digital Technologies in a research note on Wednesday, January 8th. They set an “outperform” rating on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $9.00 price objective on shares of HIVE Digital Technologies in a research note on Tuesday, November 19th. Roth Mkm initiated coverage on HIVE Digital Technologies in a research report on Thursday, December 19th. They set a “buy” rating and a $7.50 target price on the stock. Finally, Roth Capital raised HIVE Digital Technologies to a “strong-buy” rating in a report on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, seven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $7.58.

About HIVE Digital Technologies

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.