HIVE Digital Technologies Ltd. (NASDAQ:HIVE) price on Friday, July 12, rose 4.38% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $3.45.
A look at the stock’s price movement, the level at last check in today’s session was $3.31. Turning to its 52-week performance, $6.84 and $2.18 were the 52-week high and 52-week low respectively. Overall, HIVE moved 20.38% over the past month.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
HIVE Digital Technologies Ltd.’s market cap currently stands at around $361.39 million.
Analysts have a consensus estimate of 24.32M for the company’s revenue for the quarter, with a low and high estimate of 22.93M and 25.7M respectively. The average forecast suggests up to a 10.00% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 104.58M, representing a -8.60% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that HIVE is a 50% Buy. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
HIVE’s current price about 8.73% and 23.13% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 60.38, while 7-day volatility ratio is 10.26% and 9.29% in the 30-day chart. Further, HIVE Digital Technologies Ltd. (HIVE) has a beta value of 3.92, and an average true range (ATR) of 0.27.
If we refocus on HIVE Digital Technologies Ltd. (NASDAQ:HIVE), historical trading data shows that trading volumes averaged 3.38 million over the past 3 months. The company’s latest data on shares outstanding shows there are 106.08 million shares.
The 0.49% of HIVE Digital Technologies Ltd.’s shares are in the hands of company insiders while institutional holders own 32.93% of the company’s shares. Current price change has pushed the stock -23.73% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the HIVE stock continues to rise going into the next quarter.