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HIVE Digital Technologies Stock Forecast

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prajitdasaniNot Invested
Community Contributor

Published

November 19 2024

Updated

December 11 2024

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HIVE Digital Technologies Ltd. (NASDAQ:HIVE - Free Report) - Equities researchers at HC Wainwright raised their FY2025 EPS estimates for shares of HIVE Digital Technologies in a research note issued on Thursday, November 14th. HC Wainwright analyst M. Colonnese now forecasts that the company will post earnings per share of ($0.33) for the year, up from their prior estimate of ($0.35). HC Wainwright has a "Buy" rating and a $8.00 price target on the stock. The consensus estimate for HIVE Digital Technologies' current full-year earnings is ($0.27) per share. HC Wainwright also issued estimates for HIVE Digital Technologies' Q4 2025 earnings at ($0.07) EPS and Q4 2026 earnings at $0.03 EPS. HIVE Digital Technologies (NASDAQ:HIVE - Get Free Report) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($0.06) EPS for the quarter, topping analysts' consensus estimates of ($0.09) by $0.03. The business had revenue of $22.65 million for the quarter, compared to analyst estimates of $25.32 million. HIVE Digital Technologies had a negative return on equity of 10.78% and a negative net margin of 12.04%. During the same period in the previous year, the company posted ($0.29) earnings per share.

HIVE has been the subject of several other reports. Canaccord Genuity Group upped their target price on shares of HIVE Digital Technologies from $6.00 to $7.00 and gave the company a "buy" rating in a research note on Thursday. Northland Securities lifted their target price on HIVE Digital Technologies from $5.50 to $7.00 and gave the stock an "outperform" rating in a research report on Thursday. Cantor Fitzgerald initiated coverage on HIVE Digital Technologies in a report on Tuesday, October 29th. They issued an "overweight" rating and a $9.00 price target for the company. Finally, Northland Capmk raised HIVE Digital Technologies to a "strong-buy" rating in a report on Thursday, September 19th. One analyst has rated the stock with a sell rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $7.40. Shares of HIVE stock traded down $0.11 during trading hours on Monday, reaching $4.32. 4,790,618 shares of the company's stock were exchanged, compared to its average volume of 3,573,193. HIVE Digital Technologies has a fifty-two week low of $2.18 and a fifty-two week high of $5.74. The company has a quick ratio of 7.35, a current ratio of 5.56 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $547.91 million, a P/E ratio of -30.85 and a beta of 3.43. The business has a fifty day moving average price of $3.57 and a 200-day moving average price of $3.23.Institutional Trading of HIVE Digital Technologies

A number of large investors have recently bought and sold shares of the stock. Lifeworks Advisors LLC acquired a new stake in shares of HIVE Digital Technologies in the 3rd quarter valued at $35,000. Vanguard Personalized Indexing Management LLC acquired a new position in HIVE Digital Technologies in the second quarter valued at about $36,000. Gladstone Institutional Advisory LLC bought a new stake in HIVE Digital Technologies during the third quarter worth about $44,000. Quadrature Capital Ltd acquired a new stake in shares of HIVE Digital Technologies during the third quarter worth approximately $50,000. Finally, Wellington Management Group LLP bought a new position in shares of HIVE Digital Technologies in the third quarter valued at approximately $120,000. 24.42% of the stock is currently owned by institutional investors.

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Disclaimer

The user prajitdasani holds no position in NasdaqCM:HIVE. Simply Wall St has no position in any of the companies mentioned. The author of this narrative is not affiliated with, nor authorised by Simply Wall St as a sub-authorised representative. This narrative is general in nature and explores scenarios and estimates created by the author. The narrative does not reflect the opinions of Simply Wall St, and the views expressed are the opinion of the author alone, acting on their own behalf. These scenarios are not indicative of the company's future performance and are exploratory in the ideas they cover. The fair value estimates are estimations only, and does not constitute a recommendation to buy or sell any stock, and they do not take account of your objectives, or your financial situation. Note that the author's analysis may not factor in the latest price-sensitive company announcements or qualitative material.

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Fair Value
US$8.2
64.3% undervalued intrinsic discount
prajitdasani's Fair Value
Future estimation in
PastFuture-132m8b20132016201920222024202520282029Revenue US$7.5bEarnings US$989.1m
% p.a.
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Increase
Current revenue growth rate
42.54%
Software revenue growth rate
0.71%