Hive Blockchain Technologies Ltd. Common Shares [HVBT] gain 15.87% so far this year. What now?

Hive Blockchain Technologies Ltd. Common Shares [NASDAQ: HVBT] traded at a high on 07/20/21, posting a 10.61 gain after which it closed the day’ session at $2.19. The company report on July 12, 2021 that REPEAT – HIVE Buys 3,019 High Performance Bitcoin Miners Increasing Production By 46% Immediately.

This news release constitutes a “designated news release” for the purposes of the Company’s prospectus supplement dated February 2, 2021 to its short form base shelf prospectus dated January 27, 2021.

HIVE Blockchain Technologies Ltd. (TSX.V:HIVE) (NASDAQ:HVBT) (FSE:HBF) (the “Company” or “HIVE”) is excited to announce the purchase and immediate hashing of 3,019 MicroBT WhatsMiner M30S dedicated mining computers, or “miners”.

The results of the trading session contributed to over 2925319 shares changing hands. Over the past one week, the price volatility of Hive Blockchain Technologies Ltd. Common Shares stands at 9.20% while the volatility over the past one month is 9.38%.

What do top market gurus say about Hive Blockchain Technologies Ltd. Common Shares [HVBT]?

The Average True Range (ATR) for Hive Blockchain Technologies Ltd. Common Shares is set at 0.23

How has HVBT stock performed recently?

Hive Blockchain Technologies Ltd. Common Shares [HVBT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.98. With this latest performance, HVBT shares dropped by -9.69% in over the last four-week period, additionally sinking by -7.98% over the last 6 months – not to mention a rise of 803.09% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for HVBT stock in for the last two-week period is set at 41.28, with the RSI for the last a single of trading hit 39.52, and the three-weeks RSI is set at 42.65 for Hive Blockchain Technologies Ltd. Common Shares [HVBT]. The present Moving Average for the last 50 days of trading for this stock 2.54, while it was recorded at 2.17 for the last single week of trading, and 2.30 for the last 200 days.

Hive Blockchain Technologies Ltd. Common Shares [HVBT]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Hive Blockchain Technologies Ltd. Common Shares [HVBT] shares currently have an operating margin of -11.00 and a Gross Margin at +7.57. Hive Blockchain Technologies Ltd. Common Shares’s Net Margin is presently recorded at -5.69.

Return on Total Capital for HVBT is now -12.36, given the latest momentum, and Return on Invested Capital for the company is -7.32. Return on Equity for this stock declined to -7.46, with Return on Assets sitting at -5.64. When it comes to the capital structure of this company, Hive Blockchain Technologies Ltd. Common Shares [HVBT] has a Total Debt to Total Equity ratio set at 21.70. Additionally, HVBT Total Debt to Total Capital is recorded at 17.83, with Total Debt to Total Assets ending up at 15.72. Long-Term Debt to Equity for the company is recorded at 3.68, with the Long-Term Debt to Total Capital now at 3.02.

Receivables Turnover for the company is 4.80 with a Total Asset Turnover recorded at a value of 0.99.

Insider trade positions for Hive Blockchain Technologies Ltd. Common Shares [HVBT]

There are presently around $0 million, or 8.46% of HVBT stock, in the hands of institutional investors. The top three institutional holders of HVBT stocks are: CAPTRUST FINANCIAL ADVISORS with ownership of 5,890, which is approximately 0% of the company’s market cap and around 11.01% of the total institutional ownership; IFP ADVISORS, INC, holding 5,750 shares of the stock with an approximate value of $13000.0 in HVBT stocks shares; and PACITTI GROUP INC., currently with $1000.0 in HVBT stock with ownership of nearly 0% of the company’s market capitalization.

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Positions in Hive Blockchain Technologies Ltd. Common Shares stocks held by institutional investors increased at the end of September and at the time of the September reporting period, where 1 institutional holders increased their position in Hive Blockchain Technologies Ltd. Common Shares [NASDAQ:HVBT] by around 2,650 shares. Additionally, 0 investors decreased positions by around 0 shares, while 2 investors held positions by with 9,490 shares. The mentioned changes placed institutional holdings at 12,140 shares, according to the latest SEC report filing. HVBT stock had 0 new institutional investments in for a total of 0 shares, while 0 institutional investors sold positions of 0 shares during the same period.

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