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.
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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.
