HIVE Blockchain Technologies Ltd. (NASDAQ:HIVE) went up by 8.65% from its latest closing price compared to the recent 1-year high of $12.05. The company’s stock price has collected -1.26% of loss in the last five trading sessions.
Is It Worth Investing in HIVE Blockchain Technologies Ltd. (NASDAQ :HIVE) Right Now?
HIVE Blockchain Technologies Ltd. (NASDAQ:HIVE) scored a price-to-earnings ratio above its average ratio, recording 1.13 x from its present earnings ratio. Plus, the 36-month beta value for HIVE is at 4.17. Opinions of the stock are interesting as 3 analysts out of 3 who provided ratings for HIVE Blockchain Technologies Ltd. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 0 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $5.33, which is $1.85 above the current price. HIVE currently public float of 82.71M and currently shorts hold a 5.97% ratio of that float. Today, the average trading volume of HIVE was 1.33M shares.
HIVE’s Market Performance
HIVE stocks went down by -1.26% for the week, with a monthly jump of 78.41% and a quarterly performance of 0.00%, while its annual performance rate touched -70.38%. The volatility ratio for the week stands at 16.03% while the volatility levels for the past 30 days are set at 11.36% for HIVE Blockchain Technologies Ltd. The simple moving average for the period of the last 20 days is 51.58% for HIVE stocks with a simple moving average of -24.14% for the last 200 days.
Analysts’ Opinion of HIVE
Many brokerage firms have already submitted their reports for HIVE stocks, with Stifel repeating the rating for HIVE by listing it as a “Buy.” The predicted price for HIVE in the upcoming period, according to Stifel is $3.75 based on the research report published on March 25th of the previous year 2022.
Canaccord Genuity, on the other hand, stated in their research note that they expect to see HIVE reach a price target of $2.80. The rating they have provided for HIVE stocks is “Buy” according to the report published on March 25th, 2022.
HIVE Trading at 48.10% from the 50-Day Moving Average
After a stumble in the market that brought HIVE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -73.94% of loss for the given period.
Volatility was left at 11.36%, however, over the last 30 days, the volatility rate increased by 16.03%, as shares surge +77.40% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +15.44% upper at present.
During the last 5 trading sessions, HIVE fell by -1.26%, which changed the moving average for the period of 200-days by -70.52% in comparison to the 20-day moving average, which settled at $2.14. In addition, HIVE Blockchain Technologies Ltd. saw 118.06% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for HIVE
Current profitability levels for the company are sitting at:
- +37.04 for the present operating margin
- +45.48 for the gross margin
The net margin for HIVE Blockchain Technologies Ltd. stands at +37.99. Equity return is now at value -38.50, with -32.80 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 7.66.