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HIVE Blockchain Technologies Ltd. (HIVE) Stock Could Soon Reward Patient Investors

HIVE Blockchain Technologies Ltd. (NASDAQ: HIVE) is 131.25% higher on its value in year-to-date trading and has touched a low of $1.36 and a high of $12.05 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The HIVE stock was last observed hovering at around $3.44 in the last trading session, with the day’s loss setting it -0.11% off its average median price target of $5.00 for the next 12 months. It is also 52.43% off the consensus price target high of $7.00 offered by 3 analysts, but current levels are 16.75% higher than the price target low of $4.00 for the same period.

Currently trading at $3.33, the stock is 49.63% and 55.16% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.36 million and changing -3.20% at the moment leaves the stock -18.14% off its SMA200. HIVE registered -63.41% loss for a year compared to 6-month loss of -9.02%.

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The stock witnessed a 92.49% gain in the last 1 month and extending the period to 3 months gives it a 6.73%, and is 0.30% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 11.85% over the week and 11.71% over the month.

HIVE Blockchain Technologies Ltd. (HIVE) has around 18 employees, a market worth around $343.92M and $260.50M in sales. Current P/E ratio is 1.19. Profit margin for the company is -65.10%. Distance from 52-week low is 144.85% and -72.37% from its 52-week high. The company has generated returns on investments over the last 12 months (16.20%).

HIVE Blockchain Technologies Ltd. (HIVE) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for HIVE Blockchain Technologies Ltd. (HIVE) is a “Buy”. 3 analysts offering their recommendations for the stock have an average rating of 1.70, where 0 rate it as a Hold and 0 think it is a “Overweight”. 3 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

HIVE Blockchain Technologies Ltd. is expected to release its quarterly report on 05/31/2023.The EPS is expected to grow by 185.00% this year.

HIVE Blockchain Technologies Ltd. (HIVE) Top Institutional Holders

The shares outstanding are 103.28M, and float is at 82.71M with Short Float at 5.97%.

HIVE Blockchain Technologies Ltd. (HIVE) Insider Activity

A total of 9 insider transactions have happened at HIVE Blockchain Technologies Ltd. (HIVE) in the last six months, with sales accounting for 5 and purchases happening 4 times.

HIVE Blockchain Technologies Ltd. (HIVE): Who are the competitors?

The company’s main competitors (and peers) include Omnicell Inc. (OMCL) that is -64.24% lower over the past 12 months. PDF Solutions Inc. (PDFS) is 22.38% up on the 1-year trading charts.

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