I’ve been keeping an eye on HIVE Blockchain Technologies Ltd (CVE:HIVE) because I’m attracted to its fundamentals. Looking at the company as a whole, as a potential stock investment, I believe HIVE has a lot to offer. Basically, it is a company with impressive financial health as well as an optimistic growth outlook. Below, I’ve touched on some key aspects you should know on a high level. If you’re interested in understanding beyond my high-level commentary, read the full report on HIVE Blockchain Technologies here.
Flawless balance sheet with high growth potential
HIVE’s strong financial health means that all of its upcoming liability payments are able to be met by its current cash and short-term investment holdings. This indicates that HIVE has sufficient cash flows and proper cash management in place, which is an important determinant of the company’s health. Looking at HIVE’s capital structure, the company has no debt on its balance sheet. It has only utilized funding from its equity capital to run the business, which is typically normal for a small-cap company. HIVE has plenty of financial flexibility, without debt obligations to meet in the short term, as well as the headroom to raise debt should it need to in the future.
For HIVE Blockchain Technologies, there are three key factors you should further research:
- Historical Performance: What has HIVE’s returns been like over the past? Go into more detail in the past track record analysis and take a look at the free visual representations of our analysis for more clarity.
- Valuation: What is HIVE worth today? Is the stock undervalued, even when its growth outlook is factored into its intrinsic value? The intrinsic value infographic in our free research report helps visualize whether HIVE is currently mispriced by the market.
- Other Attractive Alternatives : Are there other well-rounded stocks you could be holding instead of HIVE? Explore our interactive list of stocks with large potential to get an idea of what else is out there you may be missing!
To help readers see pass the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price sensitive company announcements.
The author is an independent contributor and at the time of publication had no position in the stocks mentioned.