Home Blockchain HIVE Blockchain Technologies (NASDAQ: HIVE) Price Target Raised to $7.00 at HC Wainwright

HIVE Blockchain Technologies (NASDAQ: HIVE) Price Target Raised to $7.00 at HC Wainwright

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HIVE Blockchain Technologies (NASDAQ: HIVE) Price Target Raised to $7.00 at HC Wainwright

Blockchain technologies HIVE (NASDAQ: HIVEGet a rating) saw its price target raised by HC Wainwright research analysts from $6.00 to $7.00 in a research note released to investors on Thursday, Fly reports. HC Wainwright’s price target would suggest a potential upside of 12.72% from the company’s current price.

HIVE Blockchain technologies are trading down 7.7%

Shares of NASDAQ: HIVE opened at $6.21 on Thursday. The stock has a 50-day moving average of $4.04 and a 200-day moving average of $6.76. The company has a market capitalization of $510.77 million and a PE ratio of 124.20. The company has a current ratio of 7.66, a quick ratio of 7.66 and a debt ratio of 0.09. HIVE Blockchain Technologies has a 12-month low of $2.82 and a 12-month high of $28.00.

Blockchain technologies HIVE (NASDAQ: HIVEGet a rating) last reported quarterly earnings data on Wednesday, July 20. The company reported ($0.24) earnings per share (EPS) for the quarter. The company had revenue of $49.78 million for the quarter. HIVE Blockchain Technologies had a net margin of 0.57% and a negative return on equity of 0.23%. As a group, equity research analysts expect HIVE Blockchain Technologies to post EPS of 3.45 for the current year.

Institutional entries and exits

A hedge fund recently bought a new stake in shares of HIVE Blockchain Technologies. State Street Corp acquired a new position in HIVE Blockchain Technologies Ltd. (NASDAQ: HIVEGet a rating) during the second quarter, according to its most recently filed Form 13F with the SEC. The fund bought 336,731 shares of the company, valued at around $1,007,000. State Street Corp owned about 0.41% of HIVE Blockchain Technologies at the end of last quarter. 8.14% of the shares are held by institutional investors and hedge funds.

About HIVE Blockchain Technologies

(Get a rating)

HIVE Blockchain Technologies Ltd. operates as a cryptocurrency mining company in Canada, Sweden, and Iceland. It is dedicated to mining and selling digital currencies, including Ethereum, Ethereum Classic, and Bitcoin. The company was previously known as Leeta Gold Corp. and changed its name to HIVE Blockchain Technologies Ltd.

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