Is HIVE Blockchain Stock a Good Investment?
HIVE Blockchain Investment Advice | HIVE |
- Examine HIVE Blockchain's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research HIVE Blockchain's leadership team and their track record. Good management can help HIVE Blockchain navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Asset Management & Custody Banks space and any emerging trends that could impact HIVE Blockchain's business and its evolving consumer preferences.
- Compare HIVE Blockchain's performance and market position to its competitors. Analyze how HIVE Blockchain is positioned in terms of product offerings, innovation, and market share.
- Check if HIVE Blockchain pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about HIVE Blockchain's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in HIVE Blockchain Technologies stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if HIVE Blockchain Technologies is a good investment.
Sell | Buy |
Strong Sell
Market Performance | OK | Details | |
Volatility | Very risky | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Follows the market closely | Details | |
Investor Sentiment | Interested | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unavailable | Details |
Examine HIVE Blockchain Stock
Researching HIVE Blockchain's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 24.0% of the company shares are owned by institutional investors. The company has price-to-book (P/B) ratio of 1.87. Some equities with similar Price to Book (P/B) outperform the market in the long run. HIVE Blockchain Tech recorded a loss per share of 0.13. The entity had not issued any dividends in recent years. The firm had 1:5 split on the 24th of May 2022.
To determine if HIVE Blockchain is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding HIVE Blockchain's research are outlined below:
| HIVE Blockchain Tech is way too risky over 90 days horizon | |
| HIVE Blockchain Tech appears to be risky and price may revert if volatility continues | |
| The company reported the previous year's revenue of 114.47 M. Net Loss for the year was (51.2 M) with profit before overhead, payroll, taxes, and interest of 163.93 M. | |
| Latest headline from finance.yahoo.com: HIVE Digital Technologies Announces Continued Momentum with Green Energy Strategy and Independent Proxy Advisory Support for Upcoming Annual General and Special Meeting of Shareholders |
HIVE Blockchain Quarterly Good Will |
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HIVE Blockchain uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in HIVE Blockchain Technologies. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to HIVE Blockchain's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 19th of February 2024 Upcoming Quarterly Report | View | |
| 4th of July 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 4th of July 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of March 2023 Last Financial Announcement | View |
Earnings surprises can significantly impact HIVE Blockchain's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises HIVE Blockchain's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2021-09-30 | 2021-06-30 | 0.06 | 0.04 | -0.02 | 33 | ||
2019-09-27 | 2019-06-30 | -0.04 | -0.02 | 0.02 | 50 | ||
2018-08-29 | 2018-06-30 | 0.01 | -0.01 | -0.02 | 200 | ||
2024-11-11 | 2024-09-30 | -0.09 | -0.06 | 0.03 | 33 | ||
2018-11-29 | 2018-09-30 | -0.01 | -0.04 | -0.03 | 300 | ||
2018-02-28 | 2017-12-31 | 0.01 | -0.026 | -0.036 | 360 | ||
2024-08-09 | 2024-06-30 | -0.01 | 0.03 | 0.04 | 400 | ||
2019-03-01 | 2018-12-31 | -0.03 | -0.07 | -0.04 | 133 |
Know HIVE Blockchain's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as HIVE Blockchain is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading HIVE Blockchain Technologies backward and forwards among themselves. HIVE Blockchain's institutional investor refers to the entity that pools money to purchase HIVE Blockchain's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Blackrock Inc | 2024-06-30 | 465.2 K | Bank Of America Corp | 2024-06-30 | 452 K | Morgan Stanley - Brokerage Accounts | 2024-06-30 | 367.1 K | Charles Schwab Investment Management Inc | 2024-09-30 | 325.2 K | Millennium Management Llc | 2024-06-30 | 309.4 K | First Trust Advisors L.p. | 2024-06-30 | 259.7 K | Group One Trading, Lp | 2024-06-30 | 244.2 K | Cubist Systematic Strategies, Llc | 2024-09-30 | 222.4 K | Federation Des Caisses Desjardins Du Quebec | 2024-06-30 | 160.2 K | Tidal Investments Llc. | 2024-09-30 | 4 M | Van Eck Associates Corporation | 2024-06-30 | 3.9 M |
HIVE Blockchain's market capitalization trends
The company currently falls under 'Small-Cap' category with a current market capitalization of 524.34 M.Market Cap |
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HIVE Blockchain's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | (0.17) | (0.17) | |
| Return On Capital Employed | 0.07 | 0.07 | |
| Return On Assets | (0.17) | (0.17) | |
| Return On Equity | (0.20) | (0.21) |
Determining HIVE Blockchain's profitability involves analyzing its financial statements and using various financial metrics to determine if HIVE Blockchain is a good buy. For example, gross profit margin measures HIVE Blockchain's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of HIVE Blockchain's profitability and make more informed investment decisions.
HIVE Blockchain's Earnings Breakdown by Geography
Please note, the presentation of HIVE Blockchain's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, HIVE Blockchain's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of HIVE Blockchain's management manipulating its earnings.
Evaluate HIVE Blockchain's management efficiency
HIVE Blockchain Tech has return on total asset (ROA) of (0.0847) % which means that it has lost $0.0847 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.0736) %, meaning that it created substantial loss on money invested by shareholders. HIVE Blockchain's management efficiency ratios could be used to measure how well HIVE Blockchain manages its routine affairs as well as how well it operates its assets and liabilities. The current year's Return On Capital Employed is expected to grow to 0.07, whereas Return On Tangible Assets are forecasted to decline to (0.17). At present, HIVE Blockchain's Non Current Assets Total are projected to increase significantly based on the last few years of reporting. The current year's Total Current Assets is expected to grow to about 194.5 M, whereas Other Assets are forecasted to decline to 1.09.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 2.89 | 3.03 | |
| Net Current Asset Value | -3.5 M | -3.6 M | |
| Tangible Asset Value | -684.1 K | -718.3 K | |
| Tangible Book Value Per Share | 2.89 | 3.03 | |
| Enterprise Value Over EBITDA | 13.17 | 13.83 | |
| Price Book Value Ratio | 1.16 | 0.76 | |
| Enterprise Value Multiple | 13.17 | 13.83 | |
| Price Fair Value | 1.16 | 0.76 | |
| Enterprise Value | 322.6 M | 338.7 M |
The leadership approach at HIVE Blockchain's fosters a culture of excellence and accountability. Our analysis examines how this culture influences financial outcomes and stock valuation.
Beta 4.24 |
Basic technical analysis of HIVE Stock
As of the 29th of November, HIVE Blockchain retains the risk adjusted performance of 0.0674, and Market Risk Adjusted Performance of 0.137. HIVE Blockchain technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices. Please check out HIVE Blockchain Tech information ratio, value at risk, as well as the relationship between the Value At Risk and expected short fall to decide if HIVE Blockchain is priced correctly, providing market reflects its last-minute price of 4.04 per share. Given that HIVE Blockchain Technologies has jensen alpha of 0.041, we strongly advise you to confirm HIVE Blockchain Tech's regular market performance to make sure the company can sustain itself at some point in the future.HIVE Blockchain's insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific HIVE Blockchain insiders, such as employees or executives, is commonly permitted as long as it does not rely on HIVE Blockchain's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases HIVE Blockchain insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Ritchie John few days ago Disposition of 3675 shares by Ritchie John of HIVE Blockchain at 3.66 subject to Rule 16b-3 | ||
Ritchie John over a month ago Acquisition by Ritchie John of 4671 shares of HIVE Blockchain subject to Rule 16b-3 | ||
Lightspeed Venture Partners Vii, L.p. over a month ago Acquisition by Lightspeed Venture Partners Vii, L.p. of 19146 shares of HIVE Blockchain subject to Rule 16b-3 | ||
Ritchie John over two months ago Disposition of 1616 shares by Ritchie John of HIVE Blockchain at 5.09 subject to Rule 16b-3 | ||
Ritchie John over three months ago Disposition of 1616 shares by Ritchie John of HIVE Blockchain at 5.09 subject to Rule 16b-3 | ||
Christopher Schaepe over six months ago Acquisition by Christopher Schaepe of 19146 shares of HIVE Blockchain subject to Rule 16b-3 |
HIVE Blockchain's Outstanding Corporate Bonds
HIVE Blockchain issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. HIVE Blockchain Tech uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most HIVE bonds can be classified according to their maturity, which is the date when HIVE Blockchain Technologies has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| Boeing Co 2196 Corp BondUS097023DG73 | View | |
| HSBC Holdings PLC Corp BondUS404280DR76 | View | |
| MPLX LP 52 Corp BondUS55336VAL45 | View | |
| Morgan Stanley 3591 Corp BondUS61744YAK47 | View |
Understand HIVE Blockchain's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing HIVE Blockchain's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.0674 | |||
| Market Risk Adjusted Performance | 0.137 | |||
| Mean Deviation | 4.64 | |||
| Semi Deviation | 4.94 | |||
| Downside Deviation | 5.38 | |||
| Coefficient Of Variation | 1305.06 | |||
| Standard Deviation | 5.96 | |||
| Variance | 35.58 | |||
| Information Ratio | 0.0556 | |||
| Jensen Alpha | 0.041 | |||
| Total Risk Alpha | (0.45) | |||
| Sortino Ratio | 0.0617 | |||
| Treynor Ratio | 0.127 | |||
| Maximum Drawdown | 29.04 | |||
| Value At Risk | (7.71) | |||
| Potential Upside | 11.81 | |||
| Downside Variance | 28.92 | |||
| Semi Variance | 24.44 | |||
| Expected Short fall | (5.39) | |||
| Skewness | 0.3383 | |||
| Kurtosis | 0.1199 |
| Risk Adjusted Performance | 0.0674 | |||
| Market Risk Adjusted Performance | 0.137 | |||
| Mean Deviation | 4.64 | |||
| Semi Deviation | 4.94 | |||
| Downside Deviation | 5.38 | |||
| Coefficient Of Variation | 1305.06 | |||
| Standard Deviation | 5.96 | |||
| Variance | 35.58 | |||
| Information Ratio | 0.0556 | |||
| Jensen Alpha | 0.041 | |||
| Total Risk Alpha | (0.45) | |||
| Sortino Ratio | 0.0617 | |||
| Treynor Ratio | 0.127 | |||
| Maximum Drawdown | 29.04 | |||
| Value At Risk | (7.71) | |||
| Potential Upside | 11.81 | |||
| Downside Variance | 28.92 | |||
| Semi Variance | 24.44 | |||
| Expected Short fall | (5.39) | |||
| Skewness | 0.3383 | |||
| Kurtosis | 0.1199 |
Consider HIVE Blockchain's intraday indicators
HIVE Blockchain intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of HIVE Blockchain stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
HIVE Blockchain Corporate Filings
6K | 27th of November 2024 A report filed by foreign private issuers with SEC. A foreign private issuer is a non-U.S. company with securities traded on U.S. exchanges. | ViewVerify |
13A | 5th of November 2024 An amended filing to the original Schedule 13G | ViewVerify |
| 3rd of October 2024 Other Reports | ViewVerify | |
| 30th of September 2024 Other Reports | ViewVerify |
HIVE Stock media impact
Far too much social signal, news, headlines, and media speculation about HIVE Blockchain that are available to investors today. That information is available publicly through HIVE media outlets and privately through word of mouth or via HIVE internal channels. However, regardless of the origin, that massive amount of HIVE data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of HIVE Blockchain news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of HIVE Blockchain relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to HIVE Blockchain's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive HIVE Blockchain alpha.
HIVE Blockchain Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards HIVE Blockchain can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
HIVE Blockchain Corporate Management
| Johanna Thornblad | Country Sweden | Profile | |
| Darcy Daubaras | Chief Officer | Profile | |
| William Gray | Chief Officer | Profile | |
| Mario Sergi | Chief Officer | Profile | |
| Luke Rossy | Chief Officer | Profile |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in HIVE Blockchain Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real. You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Is Asset Management & Custody Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of HIVE Blockchain. If investors know HIVE will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about HIVE Blockchain listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 2.217 | Earnings Share (0.13) | Revenue Per Share 1.171 | Quarterly Revenue Growth (0.01) | Return On Assets (0.08) |
The market value of HIVE Blockchain Tech is measured differently than its book value, which is the value of HIVE that is recorded on the company's balance sheet. Investors also form their own opinion of HIVE Blockchain's value that differs from its market value or its book value, called intrinsic value, which is HIVE Blockchain's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because HIVE Blockchain's market value can be influenced by many factors that don't directly affect HIVE Blockchain's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
In summary, please note that there is a difference between HIVE Blockchain's value and its price, as these two are different measures arrived at by various means. Investors typically determine if HIVE Blockchain is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, HIVE Blockchain's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.