Strong sell from the experts … stay short ladies Looking ahead now, revenue is anticipated to slump, contracting by 30% during the coming year according to the three analysts following the company. That's not great when the rest of the industry is expected to grow by 18%.
In light of this, it's somewhat alarming that HIVE Blockchain Technologies' P/S sits in line with the majority of other companies. It seems most investors are hoping for a turnaround in the company's business prospects, but the analyst cohort is not so confident this will happen. There's a good chance these shareholders are setting themselves up for future disappointment if the P/S falls to levels more in line with the negative growth outlook.