HIVE Blockchain Technologies Ltd. (NASDAQ:HIVE) to Post FY2023 Earnings of ($1.19) Per Share, HC Wainwright Forecasts
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HIVE Blockchain Technologies Ltd. (NASDAQ:HIVE – Get Rating) – Equities researchers at HC Wainwright upped their FY2023 earnings per share (EPS) estimates for HIVE Blockchain Technologies in a report issued on Wednesday, February 22nd. HC Wainwright analyst M. Colonnese now forecasts that the company will post earnings per share of ($1.19) for the year, up from their prior forecast of ($1.22). HC Wainwright currently has a “Buy” rating and a $5.00 price target on the stock. The consensus estimate for HIVE Blockchain Technologies’ current full year earnings is ($1.22) per share. HC Wainwright also issued estimates for HIVE Blockchain Technologies’ Q4 2023 earnings at ($0.21) EPS, Q1 2024 earnings at ($0.21) EPS, Q2 2024 earnings at ($0.21) ($0.22) EPS and FY2024 earnings of ($0.87) EPS.
HIVE Blockchain Technologies share down 2.4%
HIVE Blockchain Technologies stock opened at $2.84 on Friday. The company has a quick ratio of 3.75, a gearing ratio of 2.86 and a gearing ratio of 0.19. HIVE Blockchain Technologies has a one year low of $1.36 and a one year high of $11.70. The company’s fifty day moving average is $2.70 and the 200 day moving average is $3.15.
Institutional inflows and outflows
A number of institutional investors have recently bought and sold shares in the company. Toroso Investments LLC lifted its stake in HIVE Blockchain Technologies by 8,288.1% in the fourth quarter. Toroso Investments LLC now owns 2,121,433 shares of the company’s stock valued at $3,055,000 after buying an additional 2,096,142 shares during the period. Van ECK Associates Corp lifted its holdings in HIVE Blockchain Technologies by 49.3% in the fourth quarter. Van ECK Associates Corp now owns 857,157 shares of the company’s stock valued at $1,235,000 after buying an additional 283,127 shares during the period. Millennium Management LLC lifted its stake in HIVE Blockchain Technologies by 385.4% in the fourth quarter. Millennium Management LLC now owns 578,099 shares of the company’s stock valued at $833,000 after acquiring an additional 458,999 shares during the period. Morgan Stanley lifted its stake in HIVE Blockchain Technologies by 49.9% in the fourth quarter. Morgan Stanley now owns 360,304 shares of the company’s stock valued at $519,000 after purchasing an additional 119,908 shares during the period. Finally, State Street Corp lifted its stake in HIVE Blockchain Technologies by 3.4% in the third quarter. State Street Corp now owns 348,212 shares of the company’s stock valued at $1,309,000 after purchasing an additional 11,481 shares during the period. Institutional investors own 12.55% of the company’s shares.
HIVE Blockchain Technologies Company Profile
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HIVE Blockchain Technologies Ltd. operates as a cryptocurrency mining company in Canada, Sweden and Iceland. It mines and sells digital currencies, including Ethereum, Ethereum Classic and Bitcoin. The company was formerly known as Leeta Gold Corp. and changed its name to HIVE Blockchain Technologies Ltd.
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