The stock of HIVE Blockchain Technologies Ltd. (NASDAQ:HIVE) decreased by decreased by -$0.2 on Friday to finish at $3.56, down -5.32 percent. The last five days have seen an average of 14,901,320 shares of common stock traded. 9 times new highs were reached in the current year, with a gain of $1.67. The average number of shares traded over the last 20 days was 7,218,255, while the average volume over the last 50 days totaled 5,601,920.
HIVE stock appreciated 20.27% since last month. On 09/29/21, the company’s shares reached a one-month low of $2.55. The stock touched a high of $5.75 on 02/19/21, after rallying from a low of $0.30 in 52 weeks. The price of HIVE stock has risen by 88.36% or $1.67 this year, reaching a new high 9 times. Still, the stock price is down -38.09% from the 52-week high.
3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
HIVE Blockchain Technologies Ltd. (HIVE) has a trailing price-to-earnings (P/E) ratio of 18.26. This level actually compares unfavorably with the industry at large, as the PE for the Capital Markets industry stands at about 15.04. Further, its PE also compares unfavorably with the Financial sector’s trailing 12 months PE ratio, which comes in at 13.15 right now. The PE ratio of HIVE Blockchain Technologies Ltd. has varied between 63.28 and 5.761 in the last five years. Beta for the stock is 4.41. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 14.87, the price-to-book (PB) ratio of 5.56.
For the recent quarter, HIVE Blockchain Technologies Ltd.’s quick ratio was 13.20, while its current ratio was 13.20, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the recent quarter is 0.22, and the total debt to equity ratio is 0.25. As far as profitability goes, gross margin for the trailing twelve months is 84.60% percent. Based on annual data, it had gross profit of $50.12 million and revenue of $66.7 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. There was a 25.10% return on investment (ROI) in the past year. ROE has averaged 13.50 in the past year for the broader industry.
A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $38.04 million, while revenues fell by -6.41% to $33.02 million. EBITDA was $28.8 million for the quarter.
Here’s a quick look at HIVE Blockchain Technologies Ltd.’s (HIVE) price momentum from a technical perspective. As of 22 October, the RSI 9-day stood at 60.78%, suggesting the stock is Neutral, with a 97.94% historical volatility rate.
The stochastic %K and %D were 71.44% and 82.86% respectively, while the average true range (ATR) was 0.29. Based on the 14-day stochastic reading of 54.23%, the RSI (14) reading is 59.93%. On the 9-day MACD Oscillator, the stock is at 0.42, and the 14-day reading is at 0.54.
Analysts have assigned HIVE Blockchain Technologies Ltd. (HIVE) an Buy rating. HIVE is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 1 other recommend it as a buy.
What is HIVE’s price target for the next 12 months?
The current consensus forecast for the stock is between $4.00 and $4.00, with a median target price of $4.00. In analyzing these forecasts, the average price target given by analysts for HIVE Blockchain Technologies Ltd. (HIVE) is $4.00.