Hive Blockchain Technologies Stock Performance
| HIVE Stock | USD 2.54 0.29 10.25% |
The company retains a Market Volatility (i.e., Beta) of 4.0, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, HIVE Blockchain will likely underperform. HIVE Blockchain Tech has an expected return of -0.22%. Please make sure to check out HIVE Blockchain kurtosis, as well as the relationship between the day median price and relative strength index , to decide if HIVE Blockchain Tech performance from the past will be repeated at future time.
Risk-Adjusted Performance
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Over the last 90 days HIVE Blockchain Technologies has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of weak performance in the last few months, the Stock's basic indicators remain rather sound which may send shares a bit higher in May 2024. The latest tumult may also be a sign of longer-term up-swing for the firm shareholders. ...more
Actual Historical Performance (%)
One Day Return (10.25) | Five Day Return (13.90) | Year To Date Return (42.14) | Ten Year Return 1.6 K | All Time Return 37.3 |
Last Split Factor 1:5 | Last Split Date 2022-05-24 |
1 | HIVE Digital Announces Quarterly Revenue of 31.3 Million with a Gross Operating Margin of 11.3 Million and Production of 830 Bitcoin | 02/13/2024 |
2 | Hive Price Hits 0.34 on Major Exchanges | 02/27/2024 |
3 | Hive Trading Up 20.5 percent Over Last Week | 03/07/2024 |
4 | Bitcoins Record Rally To 73K Overshadows Death Cross Signals In Two Crypto Mining Stocks | 03/13/2024 |
5 | 10 most innovative Swiss startups to watch in 2024 and beyond | 03/15/2024 |
6 | Acquisition by Christopher Schaepe of 19146 shares of HIVE Blockchain subject to Rule 16b-3 | 03/22/2024 |
7 | Geneva-based Hive raises 12 million Series A to make sustainable distributed cloud computing for the masses | 03/27/2024 |
8 | RETRANSMISSION HIVE Digital Technologies Announces its Attendance at Two Premier Industry Events Paris Blockchain Week and AIM Summit London | 04/04/2024 |
9 | HIVE Digital mines 224 bitcoin in March | 04/05/2024 |
10 | HIVE Digitals Revenue Soars with Strong Bitcoin Mining - TipRanks.com - TipRanks | 04/15/2024 |
11 | Bitcoin Miners In For A Rough Ride After Halving Report | 04/22/2024 |
12 | Thorn Partners With Hive to Bring CSAM Detection and Mitigation to Hundreds of Online Platforms | 04/29/2024 |
| Begin Period Cash Flow | 5.3 M |
HIVE |
HIVE Blockchain Relative Risk vs. Return Landscape
If you would invest 317.00 in HIVE Blockchain Technologies on January 31, 2024 and sell it today you would lose (63.00) from holding HIVE Blockchain Technologies or give up 19.87% of portfolio value over 90 days. HIVE Blockchain Technologies is currently does not generate positive expected returns and assumes 5.2004% risk (volatility on return distribution) over the 90 days horizon. In different words, 46% of stocks are less volatile than HIVE, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
HIVE Blockchain Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for HIVE Blockchain's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as HIVE Blockchain Technologies, and traders can use it to determine the average amount a HIVE Blockchain's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0426
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | HIVE |
Estimated Market Risk
| 5.2 actual daily | 46 54% of assets are more volatile |
Expected Return
| -0.22 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.04 actual daily | 0 Most of other assets perform better |
Based on monthly moving average HIVE Blockchain is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of HIVE Blockchain by adding HIVE Blockchain to a well-diversified portfolio.
HIVE Blockchain Fundamentals Growth
HIVE Stock prices reflect investors' perceptions of the future prospects and financial health of HIVE Blockchain, and HIVE Blockchain fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on HIVE Stock performance.
| Return On Equity | -0.26 | ||||
| Return On Asset | -0.0728 | ||||
| Profit Margin | (0.43) % | ||||
| Operating Margin | (0.10) % | ||||
| Current Valuation | 292.63 M | ||||
| Shares Outstanding | 92.54 M | ||||
| Price To Earning | 7.93 X | ||||
| Price To Book | 1.46 X | ||||
| Price To Sales | 2.77 X | ||||
| Revenue | 106.32 M | ||||
| Gross Profit | 163.93 M | ||||
| EBITDA | (43.88 M) | ||||
| Net Income | (236.42 M) | ||||
| Cash And Equivalents | 11.93 M | ||||
| Cash Per Share | 0.14 X | ||||
| Total Debt | 35.41 M | ||||
| Debt To Equity | 0.15 % | ||||
| Current Ratio | 3.11 X | ||||
| Book Value Per Share | 1.95 X | ||||
| Cash Flow From Operations | 44.78 M | ||||
| Earnings Per Share | (0.45) X | ||||
| Market Capitalization | 262.91 M | ||||
| Total Asset | 196.12 M | ||||
| Retained Earnings | (296.67 M) | ||||
| Working Capital | 60.6 M | ||||
| Current Asset | 134.3 M | ||||
| Current Liabilities | 54.89 M | ||||
About HIVE Blockchain Performance
To evaluate HIVE Blockchain Tech Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when HIVE Blockchain generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare HIVE Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand HIVE Blockchain Tech market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents HIVE's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 155.75 | 191.83 | |
| Return On Tangible Assets | (1.09) | (1.14) | |
| Return On Capital Employed | (0.83) | (0.79) | |
| Return On Assets | (1.08) | (1.14) | |
| Return On Equity | (1.83) | (1.74) |
Things to note about HIVE Blockchain Tech performance evaluation
Checking the ongoing alerts about HIVE Blockchain for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for HIVE Blockchain Tech help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| HIVE Blockchain Tech generated a negative expected return over the last 90 days | |
| HIVE Blockchain Tech has high historical volatility and very poor performance | |
| The company reported the previous year's revenue of 106.32 M. Net Loss for the year was (236.42 M) with profit before overhead, payroll, taxes, and interest of 163.93 M. | |
| HIVE Blockchain Tech has a poor financial position based on the latest SEC disclosures | |
| Latest headline from finance.yahoo.com: Thorn Partners With Hive to Bring CSAM Detection and Mitigation to Hundreds of Online Platforms |
- Analyzing HIVE Blockchain's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether HIVE Blockchain's stock is overvalued or undervalued compared to its peers.
- Examining HIVE Blockchain's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating HIVE Blockchain's management team can have a significant impact on its success or failure. Reviewing the track record and experience of HIVE Blockchain's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of HIVE Blockchain's stock. These opinions can provide insight into HIVE Blockchain's potential for growth and whether the stock is currently undervalued or overvalued.
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 tightly coupled with the direction of predictive economic indicators such as signals in real. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Complementary Tools for HIVE Stock analysis
When running HIVE Blockchain's price analysis, check to measure HIVE Blockchain's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy HIVE Blockchain is operating at the current time. Most of HIVE Blockchain's value examination focuses on studying past and present price action to predict the probability of HIVE Blockchain's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move HIVE Blockchain's price. Additionally, you may evaluate how the addition of HIVE Blockchain to your portfolios can decrease your overall portfolio volatility.
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Is HIVE Blockchain's industry 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 (0.45) | Revenue Per Share 1.121 | Quarterly Revenue Growth 1.183 | Return On Assets (0.07) |
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.
Please note, there is a significant difference between HIVE Blockchain's value and its price as these two are different measures arrived at by different 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.