Analysts rate HIVE Blockchain Technologies Ltd(HIVE:NSD) with a Strong Buy rating and a $5 target

Analysts rate HIVE Blockchain Technologies Ltd with a consensus Strong Buy rating and a 12-month average target price of $5.80 per share.

Based on the HIVE Blockchain Technologies Ltd stock forecasts from 3 analysts, the average analyst target price for HIVE Blockchain Technologies Ltd is USD 5.80 over the next 12 months. HIVE Blockchain Technologies Ltd’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of HIVE Blockchain Technologies Ltd is Slightly Bullish , which is based on 5 positive signals and 4 negative signals. At the last closing, HIVE Blockchain Technologies Ltd’s stock price was USD 4.32HIVE Blockchain Technologies Ltd’s stock price has changed by -15.23% over the past week, -14.21% over the past month and -51.38% over the last year.

About HIVE Blockchain Technologies Ltd (HIVE:NSD)

HIVE Blockchain Technologies Ltd. operates as a cryptocurrency mining company in Canada, Sweden, and Iceland. It engages in the mining and sale of digital currencies, including Ethereum, Ethereum Classic, and Bitcoin. The company was formerly known as Leeta Gold Corp. and changed its name to HIVE Blockchain Technologies Ltd. in September 2017. HIVE Blockchain Technologies Ltd. was incorporated in 1987 and is headquartered in Vancouver, Canada

What we like:

Underpriced compared to earnings

The stock is trading low compared to its peers on a price to earning basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

Superior capital utilization

The company management has delivered better return on invested capital in the most recent 4 quarters than its peers, placing it in the top quartile.

Low debt

The company is less leveraged than its peers ,, and is among the top quartile, which makes it more flexible. However, do check the news and look at its sector. Sometimes this is low because the company is not growing and has no growth potential.

Positive cash flow

The company had positive total cash flow in the most recent four quarters.

Positive free cash flow

The company had positive total free cash flow in the most recent four quarters.

What we don’t like:

Low market capitalization

This is among the smaller entities in its sectors with below median market capitalization. That may make it less stable in the long run unless it has a unique technology or market which can help it grow or get acquired in future.

Overpriced on cashflow basis

The stock is trading high compared to its peers on a price to cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.

Overpriced on free cash flow basis

The stock is trading high compared to its peers on a price to free cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.

Low Revenue Growth

This stock has shown below median revenue growth in the previous 5 years compared to its sector.