Exploring High Growth Canadian Tech Stocks In October 2024
About 67% of HIVE Blockchain's investor base is looking to short. The analysis of overall sentiment of trading HIVE Blockchain Technologies stock suggests that many investors are alarmed at this time. The current market sentiment, together with HIVE Blockchain's historical and current headlines, can help investors time the market. In addition, many technical investors use HIVE Blockchain Tech stock news signals to limit their universe of possible portfolio assets.
HIVE |
The Canadian market has shown impressive resilience with a 1.4 percent rise in the last week and a substantial 28 percent increase over the past year, while earnings are projected to grow by 16 percent annually. In this thriving environment, identifying high-growth tech stocks involves looking for companies that demonstrate strong innovation, scalability, and adaptability to leverage these favorable conditions.
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HIVE Blockchain Fundamental Analysis
We analyze HIVE Blockchain's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of HIVE Blockchain using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of HIVE Blockchain based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Market Capitalization
Market Capitalization Comparative Analysis
HIVE Blockchain is currently under evaluation in market capitalization category among its peers. Market Capitalization is the total market value of a company's equity. It is one of many ways to value a company and is calculated by multiplying the price of the stock by the number of shares issued. If a firm has one type of stock its market capitalization will be the current market share price multiplied by the number of shares. However, if a company has multiple types of equities then the market cap will be the total of the market caps of the different types of shares.
HIVE Blockchain Tech Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with HIVE Blockchain stock to make a market-neutral strategy. Peer analysis of HIVE Blockchain could also be used in its relative valuation, which is a method of valuing HIVE Blockchain by comparing valuation metrics with similar companies.
Peers
HIVE Blockchain Related Equities
| WULF | Terawulf | 0.49 |
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| CLSK | CleanSpark | 0.96 |
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| BITF | Bitfarms | 1.43 |
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| HUT | Hut 8 | 11.78 |
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| BTBT | Bit Digital | 12.09 |
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| MARA | Marathon Digital | 12.15 |
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| RIOT | Riot Blockchain | 14.46 |
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Complementary Tools for HIVE Stock analysis
When running HIVE Blockchain's price analysis, check to measure HIVE Blockchain's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy HIVE Blockchain is operating at the current time. Most of HIVE Blockchain's value examination focuses on studying past and present price action to predict the probability of HIVE Blockchain's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move HIVE Blockchain's price. Additionally, you may evaluate how the addition of HIVE Blockchain to your portfolios can decrease your overall portfolio volatility.
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