The hive buy or sell is the P/E ratio divided by its growth rate. This ratio essentially compares the P/E to its growth rate, thus, for many, telling a more complete story than just the P/E ratio alone. According to analysts’ consensus price target of $6.33, HIVE Blockchain Technologies has a forecasted upside of 125.4% from its current price of $2.81. When a billionaire entrepreneur tweets support for a particular coin or token, the price often goes up. More and more celebrities are promoting cryptos and NFTs to millions of followers on social media.

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Aerohive Networks downgraded to hold from buy at Wunderlich Securities

Cash flow itself is an important item on the income statement. While the one year change shows the current conditions, the longer look-back period shows how this metric has changed over time and helps put the current reading into proper perspective. Also, by looking at the rate of this item, rather than the actual dollar value, it makes for easier comparisons across the industry and peers. Debt to Equity (or D/E ratio) is total liabilities divided by total shareholder equity.

• HIVE Blockchain doesn’t possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report.
• The median P/B ratio for stocks in the S&P is just over 3.
• Others look for those that have lagged the market, believing those are the ones ripe for the biggest increases to come.

In 2024, HIVE is forecast to generate $121,461,392 in earnings, with the lowest earnings forecast at $121,461,392 and the highest earnings forecast at $121,461,392. Based on 3 analysts offering ratings for Hive Blockchain Technologies Ltd. But, it’s made even more meaningful when looking at the longer-term 4 week percent change. And, of course, the 4 week change helps put the 1 week change into context. This shows the percentage of profit a company earns on its sales.

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This is a higher news sentiment than the 0.47 average news sentiment score of Business Services companies. The HIVE exchange rate is decided by supply and demand on cryptocurrency exchanges. When more people are buying Hive than selling it, the price goes up.

HIVE Blockchain Technologies Ltd. is based in Vancouver, Canada…. The Earnings Estimate Revisions Grade takes into account the magnitude of a company’s earnings surprise in its last two reported fiscal quarters. Often, surprises beget further surprises‐or at least continued sales growth . Before you choose to buy, sell or hold HIVE Blockchain Technologies Ltd stock, you’ll want to analyze how it has been graded.

HIVE Blockchain Technologies Stock Predictions

When comparing this ratio to different stocks in different industries, take note that some businesses are more capital intensive than others. A D/E ratio of 2 might be par for the course in one industry, while 0.50 would be considered normal for another. So it’s a good idea to compare a stock’s debt to equity ratio to its industry to see how it stacks up to its peers first. The Cash/Price ratio is calculated as cash and marketable securities per share divided by the stock price. HIVE Blockchain Technologies has a news sentiment score of 1.03. This score is calculated as an average of ETH sentiment of articles about the company over the last seven days and ranges from 2 to -2 .

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Review the table below to see how HIVE Blockchain Technologies Ltd stock stands up against its competitors. Click into any of the below tickers to see their stock grades for value, momentum, quality and EPS revisions. Blockchain will enter banking and other industries There was a bubble in this sector. Government won’t support blockchain because cryptos support underground/illegal economies. He doesn’t understand this sector or its long term value.

Current prices are always displayed in the HIVE chart. The market capitalization of Hive is equal to the value of Hive multiplied by the number of HIVE in circulation. Most investors find it best to apply both technical and fundamental analysis techniques when evaluating a purchase or DOGE hive buy or sell sale.

HIVE Blockchain Technologies Ltd is a Canada-based company within the blockchain sector that is focused on the mining and sale of digital currencies. The Company owns green energy-powered data center facilities in Canada, Sweden, and Iceland. The Company’s digital currencies consist of Bitcoin, Ethereum and Ethereum Classic.

In addition to this technical chart pattern, strong agreement among… Realtime quote and/or trades are not sourced from all markets. A buy signal with a «strongest» direction means a buy signal which is becoming stronger. Similarly, a sell signal with a «strongest» direction is becoming stronger. Indicators in the Short Term group generally are used to interpret price movement that happens over the last 20 days.

Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Intraday data delayed at least 15 minutes or per exchange requirements. Based on the share price being below its 5, 20 & 50 day exponential moving averages, the current trend is considered strongly bearish and HIVE.V is experiencing slight buying pressure.

When evaluating a stock, it can be useful to compare it to its industry as a point of reference. The Growth Scorecard evaluates sales and earnings growth along with other important growth measures. This includes measuring aspects of the Income Statement, Statement of Cash Flows, the Balance Sheet, and more. Some of the items you’ll see in this category might look very familiar, while other items might be quite new to some.

The HIVE Blockchain Technologies stock price is 3.78 USD today. Get your free copy of our special report analyzing the tech stocks most likely to outperform the market. Lastly, it’s important to evaluate a stock by comparing it against others in the same industry.