Excellent analysis of HIVEHere are some useful comments for your due dilligence that got buried by the trolls:
HIVE: Here is why I’m holding this... 1. Last quarter HIVE generated revenue of 9million at Eth prices of around $350USD.
2. Eth is now around $600USD.
3. Last quarter they mined around 120000 Ethereum.
4. Let’s say they mine the same amount this quarter and sell it at an average price of $450USD a coin this quarter (Eth price has only been around $600 for the past couple weeks). This would mean they are now generating an extra 12 million in pure profit (120000coins x $100 extra per coin). Tack on an extra $1000000 or so for the 100 odd bitcoin they mine per quarter at new prices.
5. This means HIVEs quarterly earnings this quarter should be around 22 million profit. ($9000000 as last quarter, plus the new $13000000, because ETh has increased).
6. With 345milllion outstanding shares, this equates to about 6.5cents earnings per share for the quarter, or about 26 cents a share for the year.
7. With an EPS of $0.26, that means the current P/E ratio is around 8 ish.
8. The average P/E ratio of the S&P is around 12-15, and many cases 20 or higher.
9. With just $0.26 EPS this would mean a share price in the $3-$4 CAD/share (sorry I’m Canadian) as of this quarter!
10. If bitcoin and Eth hold current levels (above $600 a coin moving forward, or even above $500 a coin moving forward), they continue to increase mining, lower energy costs. Our EPS will go significantly higher, leading to a stock price of literally $5-$10, and within the next year.
Honest math. That is how you invest and determine value. If bitcoin holds these prices and Eth holds these prices this stock is still incredibly undervalued. If bitcoin and ETH go higher... the sky is literally the limit.
After its first halving event, the price of bitcoin increased by 38x from cycle peak to cycle peak. The second time, its increased by 17x. This is the third halving event we are in now and by logical extension, it is reasonable to believe the price of bitcoin could increase by 8x to $160,000, potentially reaching our target price of $380,000 in the fourth cycle. Historically, small-cap cryptocurrencies tend to outperform bitcoin by 5x, so if you want to make 40x you money in 12 months, buy some small-cap crypto as well.
In the U.S., Greyscale has a number of public vehicles including the Bitcoin Trust (GBTC), the Ethereum Trust (ETHE), the Bitcoin Cash Trust (BCHG), the Ethereum Classic Trust (ETCG) and the Litecoin Trust (LTCN).
HIVE...Easily $30.00 U.S. if this becomes a fact.
Dash ... $3.00 U.S.
CSTR ..minimum..$1.00 U.S.