HIVE Digital Technologies Ltd (NASDAQ:HIVE) shares, rose in value on Wednesday, July 09, with the stock price down by -0.45% to the previous day’s close as strong demand from buyers drove the stock to $2.21.
Actively observing the price movement in the last trading, the stock closed the session at $2.22, falling within a range of $2.09 and $2.25. The value of beta (5-year monthly) was 5.3. Referring to stock’s 52-week performance, its high was $5.54, and the low was $1.26. On the whole, HIVE has fluctuated by 9.95% over the past month.
With the market capitalization of HIVE Digital Technologies Ltd currently standing at about $444.76 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Jun-24.
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 50% Buy on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of HIVE currently trading nearly 13.33% and 16.02% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 63.48, while the 7-day volatility ratio is showing 11.50% which for the 30-day chart, stands at 7.80%. Furthermore, HIVE Digital Technologies Ltd (HIVE)’s beta value is 4.24.
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 -0.45% in last session, and over the past year, it shrunk by -22.46%%.
Data on historical trading for HIVE Digital Technologies Ltd (NASDAQ:HIVE) indicates that the trading volumes over the past 10 days have averaged 29.53 and over the past 3 months, they’ve averaged 15.77 million. According to company’s latest data on outstanding shares, there are 201.25 million shares outstanding.
Nearly 0.43% of HIVE Digital Technologies Ltd’s shares belong to company insiders and institutional investors own 14.82% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 8.36 million shares as on 2025-06-13, resulting in a short ratio of 0.85. The stock has fallen by -33.83% 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.
