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

HIVE Blockchain Technologies (NASDAQ:HIVEGet Rating) had its price target lifted by research analysts at HC Wainwright from $6.00 to $7.00 in a research note issued to investors on Thursday, The Fly reports. HC Wainwright’s price target would suggest a potential upside of 12.72% from the company’s current price.

HIVE Blockchain Technologies 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 cap 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-to-equity ratio of 0.09. HIVE Blockchain Technologies has a 12-month low of $2.82 and a 12-month high of $28.00.

HIVE Blockchain Technologies (NASDAQ:HIVEGet Rating) last announced its quarterly earnings data on Wednesday, July 20th. 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, equities research analysts expect that HIVE Blockchain Technologies will post 3.45 EPS for the current year.

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A hedge fund recently bought a new stake in HIVE Blockchain Technologies stock. State Street Corp purchased a new position in HIVE Blockchain Technologies Ltd. (NASDAQ:HIVEGet Rating) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 336,731 shares of the company’s stock, valued at approximately $1,007,000. State Street Corp owned approximately 0.41% of HIVE Blockchain Technologies at the end of the most recent quarter. 8.14% of the stock is owned by institutional investors and hedge funds.

About HIVE Blockchain Technologies

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HIVE Blockchain Technologies Ltd. operates as a cryptocurrency mining company in Canada, Sweden, and Iceland. It engages in the mining and sale of 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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