CVE:HIVE

2.62
0.03 (1.16%) 1d
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HOLD
Does not own stock of company, as unsure what cryptocurrency future is. If crypto prices remain strong, will be good for company. Hard to value company.
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RISKY BUY
Higher risk. Recently pulled back, as have all speculative names. If you have a high risk tolerance, make it a core position and trade around that. If you have a long time horizon, you can buy and hold. Longer term, he sees increased adoption and higher bitcoin prices. Short term, share prices will move around a lot.
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Curated by Allan Tong since 2019.
99+ opinions with 4.15 rating.

TOP PICK
The upshot: BITF, HUT and HIVE all outperform Bitcoin itself, but suffer more volatility than its base currency. The miners' fortunes are intrinsically tied to the fluctuations of Bitcoin. The main costs for these miners start with the capital costs (an army of supercomputers) and the real estate where they operate day and night. An ongoing cost is electricity, since these machines are energy hogs. ESG investors should investigate how much energy is derived from renewables. As for where Bitcoin is going, that's like asking where gold is heading. Both are “safe haven” investments which rally when investors feel uncertain. Having this correlation seems to be breaking down as vaccinations are pointing to reopenings around the world and will fuel economic recovery. Will Bitcoin plunge again? Buyer beware.
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BUY
Blockchain ETFs? He loves block chain and has about 7% of his portfolio. He likes HIVE as they are a miner of block chain coins. Global integration is just getting going. The technology will benefit from the way global markets will go forward. Imagine if gold could have a tracking system for physical it would do wonders for the control of its movement. He thinks this will happen with block chain technology.
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PAST TOP PICK
(A Top Pick Apr 03/18, Down 42%) The world's biggest ethereum (cryptocurrency) miner. He's been increasing his position since December when the price was very low. Well-managed. He likes etherium and bitcoin. Blockchain is rebounding since December.
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PAST TOP PICK
(A Top Pick Jun 22/18, Down 31%) He still likes this. This is beautiful technology. They are actually a miner. His strategy is to have this at 2.5% of his portfolio, so has continually added as the price has come down. He has not lost faith in this, just thinks it is early.
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COMMENT

Run big data centers that mine crypto currency. Its chart looks like Bitcoin. It is in a descending triangle. If it breaks below support, it would reflect badly on it.

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DON'T BUY

He wouldn't touch any cryptocurrency with a barge pole. He doesn't understand this business or company. He doesn't speculate.

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DON'T BUY

He is pretty skeptical on the number of companies that claim to have an advantage in this space. If the value of cryptocurrency goes down, these companies will be at risk. It has a lot of cash and is well known. It is not a real long term strategy in his mind yet.

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DON'T BUY

Clearly has some problems. Slow, steady decline and volume’s dropping. Volatile stock. Be very wary. He’s not a believer of blockchain technology, it’s just a fancy database. Now a penny stock, so will be off the radar of many. If it can break above $1.70, might be more interesting.

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COMMENT

Their focus is on mining, which seems profitable. The issue is blockchain is highly volatile. Ten years from now, blockchain will be revolutionary as bigger companies like Walmart delve into it. He's more focussed in the latter, the big guys, not the miners like Hive.

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COMMENT

Blockchain will enter banking and other industries There was a bubble in this sector. Government won't support blockchain because cryptos support underground/illegal economies. He doesn't understand this sector or its long term value.

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COMMENT

Blockchain technology is going to change companies in the near future. He can’t comment on the currencies because that is something they don’t invest in.

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DON'T BUY

Bit Coin has found a value at the cost of production. Some people don't need to own an anonymous currency, but for others it is a good thing. He would not buy the stock, but he could see why one would buy the technology. Other blue chip tech companies will own the development of the technology whereas HIVE-X is speculation.

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PAST TOP PICK

(Past Top Pick, April 3, 2017, Down 46%) This is a blockchain story--will the technology work? He believes it will because of its cost savings and disrupt the financial system that will go through a cleansing. So, which coins will work? HIVE is growing and have cash in the bank.

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HIVE Blockchain Technologies(HIVE-X) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 1

Stockchase rating for HIVE Blockchain Technologies is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

HIVE Blockchain Technologies(HIVE-X) Frequently Asked Questions

What is HIVE Blockchain Technologies stock symbol?

HIVE Blockchain Technologies is a Canadian stock, trading under the symbol HIVE-X on the TSX Venture Exchange (HIVE-CV). It is usually referred to as TSXV:HIVE or HIVE-X

Is HIVE Blockchain Technologies a buy or a sell?

In the last year, 1 stock analyst published opinions about HIVE-X. 0 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for HIVE Blockchain Technologies.

Is HIVE Blockchain Technologies a good investment or a top pick?

HIVE Blockchain Technologies was recommended as a Top Pick by on . Read the latest stock experts ratings for HIVE Blockchain Technologies.

Why is HIVE Blockchain Technologies stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is HIVE Blockchain Technologies worth watching?

1 stock analyst on Stockchase covered HIVE Blockchain Technologies In the last year. It is a trending stock that is worth watching.

What is HIVE Blockchain Technologies stock price?

On 2022-12-09, HIVE Blockchain Technologies (HIVE-X) stock closed at a price of $2.62.