On May 23, 2023, HIVE Blockchain Technologies Ltd. (NASDAQ: HIVE) opened at $3.20, lower -2.85% from the last session. During the day, the shares moved up to $3.2607 and dropped to $3.0213 before settling in for the closing price of $3.16. Price fluctuations for HIVE have ranged from $1.36 to $7.53 over the past 52 weeks.
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Company’s average yearly earnings per share was noted 185.00% at the time writing. With a float of $83.47 million, this company’s outstanding shares have now reached $115.06 million.
Let’s look at the performance matrix of the company that is accounted for 18 employees. In terms of profitability, gross margin is +45.48, operating margin of +37.04, and the pretax margin is +39.14.
HIVE Blockchain Technologies Ltd. (HIVE) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the Capital Markets industry is another important factor to consider. The insider ownership of HIVE Blockchain Technologies Ltd. is 0.16%, while institutional ownership is 16.24%.
HIVE Blockchain Technologies Ltd. (HIVE) Latest Financial update
If we go through the results of last quarter, which was made public on 9/29/2022, the company posted -$0.45 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at -$0.24) by -$0.21. This company achieved a net margin of +37.99 while generating a return on equity of 30.49. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.29 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 185.00% per share during the next fiscal year.
HIVE Blockchain Technologies Ltd. (NASDAQ: HIVE) Trading Performance Indicators
Check out the current performance indicators for HIVE Blockchain Technologies Ltd. (HIVE). In the past quarter, the stock posted a quick ratio of 2.90. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.87. Likewise, its price to free cash flow for the trailing twelve months is 7.94.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -3.93, a number that is poised to hit -0.29 in the next quarter and is forecasted to reach -0.69 in one year’s time.
Technical Analysis of HIVE Blockchain Technologies Ltd. (HIVE)
HIVE Blockchain Technologies Ltd. (NASDAQ: HIVE) saw its 5-day average volume 0.53 million, a negative change from its year-to-date volume of 1.28 million. As of the previous 9 days, the stock’s Stochastic %D was 65.25%. Additionally, its Average True Range was 0.20.
During the past 100 days, HIVE Blockchain Technologies Ltd.’s (HIVE) raw stochastic average was set at 58.36%, which indicates a significant increase from 57.69% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 63.85% in the past 14 days, which was lower than the 107.24% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.22, while its 200-day Moving Average is $3.28. Nevertheless, the first resistance level for the watch stands at $3.21 in the near term. At $3.36, the stock is likely to face the second major resistance level. The third major resistance level sits at $3.45. If the price goes on to break the first support level at $2.97, it is likely to go to the next support level at $2.88. The third support level lies at $2.73 if the price breaches the second support level.
HIVE Blockchain Technologies Ltd. (NASDAQ: HIVE) Key Stats
There are currently 84,181K shares outstanding in the company with a market cap of 353.23 million. Presently, the company’s annual sales total 211,180 K according to its annual income of 79,620 K. Last quarter, the company’s sales amounted to 14,320 K and its income totaled -90,010 K.
