Here is why HIVE Blockchain Technologies Ltd. (HIVE) stock volatility recorded over the last month was 9.05%

Let’s start up with the current stock price of HIVE Blockchain Technologies Ltd. (HIVE), which is $3.93 to be very precise. The Stock rose vividly during the last session to $4.5406 after opening rate of $4.54 while the lowest price it went was recorded $3.90 before closing at $4.45.Recently in News on July 20, 2022, HIVE Achieves Record Annual Revenue Ended March 31, 2022 of $211 Million and Earnings of $79 Million with a 545% Growth in BTC Mining Hashrate. HIVE Blockchain Technologies Ltd. (TSX.V: HIVE) (Nasdaq: HIVE) (FSE: HBFA.F) (the “Company” or “HIVE”) announces its results for the full year ended March 31, 2022 (all amounts in US dollars, unless otherwise indicated). You can read further details here

HIVE Blockchain Technologies Ltd. had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $13.80 on 01/04/22, with the lowest value was $2.82 for the same time period, recorded on 06/14/22.

HIVE Blockchain Technologies Ltd. (HIVE) full year performance was -65.22%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, HIVE Blockchain Technologies Ltd. shares are logging -85.96% during the 52-week period from high price, and 39.36% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $2.82 and $28.00.

The company’s shares, operating in the sector of Financial managed to top a trading volume set approximately around 2076128 for the day, which was evidently higher, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the HIVE Blockchain Technologies Ltd. (HIVE) recorded performance in the market was -70.23%, having the revenues showcasing -53.49% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 393.55M, as it employees total of 19 workers.

Market experts do have their say about HIVE Blockchain Technologies Ltd. (HIVE)

During the last month, 2 analysts gave the HIVE Blockchain Technologies Ltd. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 6.37, with a change in the price was noted -6.27. In a similar fashion, HIVE Blockchain Technologies Ltd. posted a movement of -61.47% for the period of last 100 days, recording 1,643,956 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for HIVE is recording 0.08 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.07.

Technical breakdown of HIVE Blockchain Technologies Ltd. (HIVE)

Raw Stochastic average of HIVE Blockchain Technologies Ltd. in the period of last 50 days is set at 37.88%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 63.45%. In the last 20 days, the company’s Stochastic %K was 86.18% and its Stochastic %D was recorded 90.82%.

Bearing in mind the latest performance of HIVE Blockchain Technologies Ltd., several moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -70.23%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -63.61%, alongside a downfall of -65.22% for the period of the last 12 months. The shares increased approximately by 11.33% in the 7-day charts and went down by 31.00% in the period of the last 30 days. Common stock shares were lifted by -53.49% during last recorded quarter.

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