HIVE Blockchain Technologies Ltd. [HIVE] Is Currently -7.07 below its 200 Period Moving Avg: What Dose This Mean?

HIVE Blockchain Technologies Ltd. [NASDAQ: HIVE] slipped around -0.22 points on Tuesday, while shares priced at $2.89 at the close of the session, down -7.07%. The company report on October 8, 2021 that RETRANSMISSION: HIVE Blockchain Provides Update on At-the-Market Offering.

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.

Vancouver, British Columbia–(Newsfile Corp. – October 8, 2021) – HIVE Blockchain Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (FSE: HBF) (the “Company” or “HIVE”) provides an update on its at-the-market offering and the grant of option and restricted share units to an officer of the Company.

HIVE Blockchain Technologies Ltd. stock is now 52.91% up from its year-to-date (YTD) trading value. HIVE Stock saw the intraday high of $3.06 and lowest of $2.85 per share. The company’s 52-week high price is 5.75, which means current price is +66.28% above from all time high which was touched on 02/19/21.

Compared to the average trading volume of 4.34M shares, HIVE reached a trading volume of 4911029 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about HIVE Blockchain Technologies Ltd. [HIVE]?

The Average True Range (ATR) for HIVE Blockchain Technologies Ltd. is set at 0.21, with the Price to Sales ratio for HIVE stock in the period of the last 12 months amounting to 11.54. The Price to Book ratio for the last quarter was 4.45, with the Price to Cash per share for the same quarter was set at 0.09.

How has HIVE stock performed recently?

HIVE Blockchain Technologies Ltd. [HIVE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.93. With this latest performance, HIVE shares dropped by -5.56% in over the last four-week period, additionally sinking by -16.71% over the last 6 months – not to mention a rise of 670.67% 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 HIVE stock in for the last two-week period is set at 49.36, with the RSI for the last a single of trading hit 49.02, and the three-weeks RSI is set at 49.72 for HIVE Blockchain Technologies Ltd. [HIVE]. The present Moving Average for the last 50 days of trading for this stock 2.98, while it was recorded at 2.99 for the last single week of trading, and 2.94 for the last 200 days.

HIVE Blockchain Technologies Ltd. [HIVE]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and HIVE Blockchain Technologies Ltd. [HIVE] shares currently have an operating margin of +48.56 and a Gross Margin at +58.75. HIVE Blockchain Technologies Ltd.’s Net Margin is presently recorded at +63.78.

Return on Total Capital for HIVE is now 34.95, given the latest momentum, and Return on Invested Capital for the company is 48.69. Return on Equity for this stock inclined to 56.51, with Return on Assets sitting at 42.36. When it comes to the capital structure of this company, HIVE Blockchain Technologies Ltd. [HIVE] has a Total Debt to Total Equity ratio set at 22.97. Additionally, HIVE Total Debt to Total Capital is recorded at 18.68, with Total Debt to Total Assets ending up at 17.32. Long-Term Debt to Equity for the company is recorded at 18.28, with the Long-Term Debt to Total Capital now at 14.87.

Reflecting on the efficiency of the workforce at the company, HIVE Blockchain Technologies Ltd. [HIVE] managed to generate an average of $2,959,963 per employee. Receivables Turnover for the company is 8.18 with a Total Asset Turnover recorded at a value of 0.66.HIVE Blockchain Technologies Ltd.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 13.20 and a Current Ratio set at 13.20.

Insider trade positions for HIVE Blockchain Technologies Ltd. [HIVE]

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Positions in HIVE Blockchain Technologies Ltd. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 3 institutional holders increased their position in HIVE Blockchain Technologies Ltd. [NASDAQ:HIVE] by around 53,594 shares. Additionally, 1 investors decreased positions by around 500 shares, while 1 investors held positions by with 11,140 shares. The mentioned changes placed institutional holdings at 65,234 shares, according to the latest SEC report filing. HIVE stock had 2 new institutional investments in for a total of 51,144 shares, while 1 institutional investors sold positions of 500 shares during the same period.

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