What is Roth Capital’s Forecast for HIVE FY2027 Earnings?

HIVE Digital Technologies Ltd. (NASDAQ:HIVE) – Analysts at Roth Capital raised their FY2027 earnings per share (EPS) estimates for HIVE Digital Technologies in a research report issued to clients and investors on Thursday, June 26th. Roth Capital analyst D. Aftahi now forecasts that the company will post earnings per share of $0.46 for the year, up from their previous forecast of $0.41. The consensus estimate for HIVE Digital Technologies’ current full-year earnings is ($0.32) per share.

Several other analysts also recently weighed in on the company. Canaccord Genuity Group restated a “buy” rating and set a $9.00 target price on shares of HIVE Digital Technologies in a research note on Wednesday, March 26th. HC Wainwright reduced their price target on HIVE Digital Technologies from $9.00 to $6.00 and set a “buy” rating for the company in a report on Friday. Rosenblatt Securities dropped their price objective on HIVE Digital Technologies from $5.50 to $5.00 and set a “buy” rating on the stock in a report on Friday. Wall Street Zen raised HIVE Digital Technologies to a “sell” rating in a research report on Saturday, May 17th. Finally, Cantor Fitzgerald increased their target price on HIVE Digital Technologies from $5.00 to $5.50 and gave the company an “overweight” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $6.57.

HIVE Digital Technologies Stock Performance

Shares of HIVE stock opened at $1.80 on Monday. HIVE Digital Technologies has a 12 month low of $1.26 and a 12 month high of $5.54. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.72 and a quick ratio of 3.72. The firm has a market capitalization of $358.54 million, a P/E ratio of -5.00 and a beta of 3.46. The company’s fifty day moving average price is $1.85 and its two-hundred day moving average price is $2.21.

HIVE Digital Technologies (NASDAQ:HIVE) last announced its earnings results on Wednesday, June 25th. The company reported ($0.31) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.20). The firm had revenue of $31.16 million during the quarter, compared to analysts’ expectations of $31.47 million. HIVE Digital Technologies had a negative net margin of 48.65% and a negative return on equity of 20.30%.

Hedge Funds Weigh In On HIVE Digital Technologies

A number of hedge funds have recently added to or reduced their stakes in HIVE. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of HIVE Digital Technologies during the fourth quarter worth $26,000. Wells Fargo & Company MN grew its position in shares of HIVE Digital Technologies by 60.9% during the 4th quarter. Wells Fargo & Company MN now owns 15,320 shares of the company’s stock valued at $44,000 after buying an additional 5,800 shares during the last quarter. Lifeworks Advisors LLC raised its stake in HIVE Digital Technologies by 46.2% during the fourth quarter. Lifeworks Advisors LLC now owns 16,307 shares of the company’s stock worth $46,000 after acquiring an additional 5,152 shares during the period. Franklin Resources Inc. bought a new position in HIVE Digital Technologies in the fourth quarter worth about $53,000. Finally, LPL Financial LLC acquired a new position in HIVE Digital Technologies in the fourth quarter valued at approximately $54,000. Institutional investors and hedge funds own 24.42% of the company’s stock.

HIVE Digital Technologies Company Profile

HIVE Digital Technologies Ltd. operates as a cryptocurrency mining company in Canada, Sweden, and Iceland. The company engages in the mining and sale of digital currencies, including Ethereum Classic, Bitcoin, and other coins. It also operates data centers; and offers infrastructure solutions. The company was formerly known as HIVE Blockchain Technologies Ltd.