HIVE Blockchain Stock Target Price and Analyst Consensus

HIVE Stock  USD 3.39  0.15  4.24%   
The current analyst and expert consensus on HIVE Blockchain is Strong Buy, with 4 strong buy opinions. The current projected HIVE Blockchain target price consensus is 6.25 with 6 analyst opinions. Check out Macroaxis Advice on HIVE Blockchain to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
The most common way HIVE Blockchain Tech analysts use to provide recommendation to the public is financial statements analysis. Many experts also interview HIVE Blockchain executives and customers to further validate their buy or sell advice. Note, the total number of analysts currently providing their opinion is not significant to determine adequate consensus on HIVE Blockchain. We strongly encourage you to use your own analysis of HIVE Blockchain Tech to validate this buy or sell advice. HIVE Blockchain buy-or-sell recommendation module provides average expert sentiment on the projected HIVE Blockchain Tech target price to derive its highest and lowest estimates based on projected price volatility of 5.6827.
Lowest Forecast
5.69
Highest Forecast
6.94
Target Price
6.25
The current year's Gross Profit is expected to grow to about (24.6 M). In addition to that, Pretax Profit Margin is expected to decline to -0.41. At present, HIVE Blockchain's Short and Long Term Debt Total is projected to increase significantly based on the last few years of reporting. The current year's Other Current Liabilities is expected to grow to about 3.3 M, whereas Accounts Payable is forecasted to decline to about 5.1 M.
  
It's important to approach HIVE Blockchain's target price projections with caution. While they can be useful as part of a broader investment strategy, they are inherently speculative and subject to various kinds of risk, including market volatility and unforeseen external factors. Always consider multiple aspects and do your own research when making investment decisions.
Analysts determine stock price targets through various methods, including financial modeling, peer comparison, and company analysis. The stock price target is the analyst's best estimate of the future price of a stock and is used by investors to make investment decisions. However, it is important to note that stock price targets are not guaranteed, and the actual price of a stock can differ significantly from the target due to various factors such as market conditions, economic events, and company developments.

Steps to utilize HIVE Blockchain price targets

HIVE Blockchain's stock target price is an estimate of its future price, usually made by analysts. Using HIVE Blockchain's target price to determine if it is a suitable investment can be done through the following steps:
  • Look at HIVE Blockchain's target prices provided by various analysts and compare them. This can help you gain a more balanced view of the Stock's potential.
  • Look at the analyst's track record to determine if they have a history of accurately predicting stock prices.
  • Look at the Company's financials, including revenue, earnings, and debt, to determine if it is in good financial health.
  • Consider market conditions. For example, take into account the state of the economy, competition, and regulatory environment, to determine if HIVE Blockchain's stock is likely to perform well.
  • Diversify your portfolio and do not rely solely on stock target prices to make investment decisions. Invest in a mix of stocks, bonds, and other assets to manage risk.
Remember that stock target prices are just estimates and are subject to change. Therefore, using them as one factor in a larger investment strategy is essential rather than relying solely on them to make decisions.

Additional HIVE Blockchain Value Projection Modules

Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of HIVE Blockchain is a key component of HIVE Blockchain valuation and have some predictive power on the future returns of a HIVE Blockchain.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of HIVE Blockchain's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
0.173.359.07
Details
Intrinsic
Valuation
LowRealHigh
0.203.979.69
Details
Naive
Forecast
LowNextHigh
0.073.649.36
Details
Earnings
Estimates (0)
LowProjected EPSHigh
-0.11-0.09-0.06
Details

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When determining whether HIVE Blockchain Tech is a strong investment it is important to analyze HIVE Blockchain's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact HIVE Blockchain's future performance. For an informed investment choice regarding HIVE Stock, refer to the following important reports:
Check out Macroaxis Advice on HIVE Blockchain to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
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.