HIVE Digital Technologies Ltd (NASDAQ:HIVE) traded at $4.09 at close of the session on current trade day and made an upward move of 2.25% on its previous day’s price.
Looking at the stock we see that its previous close was $4.00 with the day’s price range being $3.82 – $4.2. In terms of its 52-week price range, HIVE has a high of $5.74 and a low of $2.18. The company’s stock has gained about 8.20% over that past 30 days.
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HIVE Digital Technologies Ltd has a market cap of $757.37 million and is expected to release its quarterly earnings report in December.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 27.89M, with a low of 23.04M and a high of 31.4M. The median projection represents growth adding up to -10.77% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 115.06M, or 0.52% up from figures reported last year.
On the other hand, looking at the outlook for the HIVE stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 100% Buy.
Based on estimates by 3 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 1 have rated the HIVE Digital Technologies Ltd (HIVE) stock as a Hold, while 2 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is -3.67% off its SMA20 and 11.65% from its 50-day simple moving average. The RSI (14) is pointing at 50.27 while the volatility over the past week is 10.17% and jumps to 10.04% over the past one month. The beta value is 3.89, while the average true range (ATR) is currently pointing at 0.41. The average price target for the stock over the next 12 months is $5.5, with the estimates having a low of $5 and a high of $9. These price ends are -22.25% and -120.05% off the current price level respectively, although investors could be excited at the prospect of a -34.47% if the HIVE share price touches on the median price of $5.5.
Coming back to HIVE Digital Technologies Ltd (NASDAQ:HIVE), we note that the average 3-month trading volume was 4.24 million, while that of the preceding 10-day period stands at 7.05 million. Current shares outstanding are 129.04 million.
The insiders hold 0.53% of the company’s shares while institutions hold 23.27%. The data shows that short shares as of 2024-10-31, stood at 4.31 million at a short ratio of 1.71. Shares short fall in October from the previous month at 5.34 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -9.71% down in year-to-date price movement.
