Buy Hive Blockchain with its strengths as a penny, growth, and value stock

Buy Hive Blockchain with its strengths as a penny, growth, and value stock
фото показано с : invezz.com

2022-6-1 22:20

Hive Blockchain Technologies Ltd (BER:HBF) is set to release its earnings on the 1st of June. This little-known company is set to surprise the market. EPS for the last full financial year was $0.81. Current projections indicate that the EPS could be as much as $2.59.

The stock is trading at a valuation of $5.49. The PE is only 2.05. Our analysis shows that the stock is highly discounted. Being a penny stock also means that the valuation is highly volatile. By trading the volatility, investors can easily double or triple returns in a short time.

Over the last 52 weeks, the stock hit a high of $32. The lowest was at $4.55. Hive Blockchain is trading at some of the lowest valuations. The likelihood of the stock gaining is higher than the probability of losing. Analysts have set a price target of $12 for the stock.

There are other considerations. The operations of the company are clustered in the cryptocurrency mining business. It means that whether the cryptocurrencies are gaining or losing, Hive Blockchain will continue earning.

For investors who are concerned about fundamental performance, the ROE stands at 64%. The ROA is at 56.33%. At these levels, the company outperforms many of the traditional value stocks. The story reads better when considering that Hive Blockchain is also a growth stock.

Hive Blockchain Technologies triggers buy signal Source – TradingView

Hive Blockchain is oversold ahead of the earnings release. The RSI of 29 has already triggered a buy signal. The stock is also trading at the bottom limit of the trend channel. Additionally, the price is at one of the lowest levels hence significant support.

Summary

This analysis strongly recommends buying Hive Blockchain ahead of the earnings release. The stock will surprise the market. Valuation will double or even triple after the earnings release.

The post Buy Hive Blockchain with its strengths as a penny, growth, and value stock appeared first on Invezz.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Setcoin (SET) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 SET

set blockchain hive little-known company 1st june

set blockchain → Результатов: 126


Фото:

Kryptomon’s KMON token to debut on Bybit Global Exchange on the 6th of May

The KMON token is set to be listed on Bybit by Kryptomon, the living NFT-powered play-and-earn gaming project that combines nostalgic appeal with modern blockchain technology. Bybit’s global user base will be able to buy, sell, and trade KMON, Kryptomon’s native token that enables all in-game actions, including the KMarket NFT marketplace, where players may […]

2022-5-4 17:40


Фото:

CryptoSandwiches Set To Launch A Pandemic Fight in A Food Metaverse

CryptoSandwiches, the very first Binance-based food-themed game, has announced a pandemic fight in its metaverse ecosystem. Players located on the tasty planet of the tasty galaxy will fight invaders from the waste station found in the dark ends of the galaxy to keep them from spreading an infectious pandemic on the tasty planet. Blockchain games, […]

2022-5-3 18:55


Фото:

Blockchain Gaming Metaverse Platform Merges GameFi and DeFi: MetaBlaze Announces Second ICO Round Opens April 20th

MetaBlaze Token (MBLZ) has officially announced the opening date of its second ICO phase, set to begin on April 20th at 12pm UTC. Having quickly closed its first ICO round after hitting the $1.5M hard cap in a few days, this presents the final opportunity to purchase MetaBlaze (MBLZ) at lower entry points before listing […]

2022-4-12 16:30


bitsCrunch Partners With MasterCard To Overcome Crypto’s High Entry Barriers

NFT-focused blockchain startup bitsCrunch has announced its upcoming partnership with leading payments service provider MasterCard. Set to be incubated through MasterCard’s Start Path program, a global startup engagement program designed to help startups scale, bitsCrunch and MasterCard aim to provide cutting-edge collaborative solutions to consumers.

2022-4-7 20:47


Фото:

Blockchain Gaming-Focused Incubator Seedify Set To Launch New Features And Utilities For Its Token

Seedify, a blockchain gaming-focused incubator and launchpad ecosystem, is on a mission to bring the opportunities within GameFi into the global market while helping increase adoption. Seedify seeks to provide curated Initial Game Offering (IGO) through its platform that offers support to blockchain games to help them reach crowdsourced funding. Seedify also aims to help […]

2022-3-21 18:44


MetaOneVerse announces a token using Web3 technology

MetaOneVerse, an exciting token for the Web3 space, is set to introduce new features and functionalities for users; learn more about them below. MetaOneVerse: An Important Player MetaOneVerse is more than just a project with a hard-to-pronounce name; it is a HyperDeflationary token and full-stack system with support for blockchain, play-to-earn games, NFT marketplaces, Metaverse […] The post MetaOneVerse announces a token using Web3 technology appeared first on NFT News Today.

2022-3-19 05:43


F1 Delta Time NFT game set to shut down

F1 Delta Time is a licensed Ethereum-based game from Animoca Brands, and the team behind this game is set to shut the project down this week. Formula One: Sports Trendsetters Formula One was one of the first sports leagues to embrace the blockchain space, and as far back as 2019, it partnered with Animoca Brands […] The post F1 Delta Time NFT game set to shut down appeared first on NFT News Today.

2022-3-18 06:30


Acardex set to be one of the biggest DeFi platform on Cardano with a DEX and NFT marketplace

Acardex Protocol is an innovative platform on Cardano Blockchain that provides users with advanced Decentralized Exchange and NFT Marketplace functionalities. Acardex stands to be the first Defi PlatfThe post Acardex set to be one of the biggest DeFi platform on Cardano with a DEX and NFT marketplace appeared first on AMBCrypto.

2022-2-22 16:45


Фото:

FaniTrade launches advanced Decentralized Exchange with the Limit Order swap feature

FaniTrade, a global blockchain company with a complete suite of DeFi applications, today announced the launch of its advanced Decentralized cryptocurrency exchange set to go live on Feb. 22. 2022. The first protocol to be released is FaniSwap, a permissionless DEX that offers a seamless experience to traders and investors with wallet-to-wallet (P2P) trading functionality. […]

2022-2-21 16:54


ICICB Prepares to Enter the Metaverse Arena with the Release of Cosmos, a Virtual Reality Ecosystem That Spans Across Time and Space

Virtual reality is set for a major upgrade with the upcoming release of Cosmos, a Metaverse framework by ICICB Group. The Metaverse has evolved following the release of Cosmos by ICICB Group. The digital and internet ages find themselves at an interesting crossroads in time currently as the emergence of blockchain technology over the past decade have given way to the rise of the Metaverse, a fully-realized digital world that exists in a different dimension than our physical reality.

2022-2-15 08:07