HIVE Digital Technologies Ltd (NASDAQ:HIVE) shares, rose in value on Thursday, March 27, with the stock price down by -4.17% to the previous day’s close as strong demand from buyers drove the stock to $1.61.
Actively observing the price movement in the last trading, the stock closed the session at $1.68, falling within a range of $1.6 and $1.68. The value of beta (5-year monthly) was 4.589. Referring to stock’s 52-week performance, its high was $5.54, and the low was $1.61. On the whole, HIVE has fluctuated by -22.22% over the past month.
With the market capitalization of HIVE Digital Technologies Ltd currently standing at about $254.52 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-10.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 116.51M, with a low estimate of 26.82M and a high estimate of 35.7M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 32.4M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that HIVE’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of HIVE currently trading nearly -9.66% and -32.82% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 32.00, while the 7-day volatility ratio is showing 5.90% which for the 30-day chart, stands at 7.99%. Furthermore, HIVE Digital Technologies Ltd (HIVE)’s beta value is 4.82, and its average true range (ATR) is 0.14.
A comparison of HIVE Digital Technologies Ltd (HIVE) with its peers suggests the former has fared considerably weaker in the market. HIVE showed an intraday change of -4.17% in last session, and over the past year, it shrunk by -49.53%%.
Data on historical trading for HIVE Digital Technologies Ltd (NASDAQ:HIVE) indicates that the trading volumes over the past 10 days have averaged 8.0 and over the past 3 months, they’ve averaged 9.96 million. According to company’s latest data on outstanding shares, there are 158.09 million shares outstanding.
Nearly 0.49% of HIVE Digital Technologies Ltd’s shares belong to company insiders and institutional investors own 20.32% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 9.67 million shares as on 2025-03-14, resulting in a short ratio of 1.08. The stock has fallen by -43.51% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the HIVE stock heading into the next quarter.
