HIVE Digital Technologies Ltd (NASDAQ:HIVE) shares, rose in value on Wednesday, June 18, without any change to the previous day’s close as strong demand from buyers drove the stock to $1.76.
Actively observing the price movement in the last trading, the stock closed the session at $1.76, falling within a range of $1.72 and $1.77. 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 -15.79% over the past month.
With the market capitalization of HIVE Digital Technologies Ltd currently standing at about $317.35 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 115.98M, with a low estimate of 27.36M and a high estimate of 34.4M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 31.47M.
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% 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 -7.76% and -1.59% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 41.95, while the 7-day volatility ratio is showing 3.76% which for the 30-day chart, stands at 4.07%. Furthermore, HIVE Digital Technologies Ltd (HIVE)’s beta value is 4.41, and its average true range (ATR) is 0.12.
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 0.00% in last session, and over the past year, it shrunk by -39.93%%.
Data on historical trading for HIVE Digital Technologies Ltd (NASDAQ:HIVE) indicates that the trading volumes over the past 10 days have averaged 17.54 and over the past 3 months, they’ve averaged 11.61 million. According to company’s latest data on outstanding shares, there are 180.31 million shares outstanding.
Nearly 0.43% of HIVE Digital Technologies Ltd’s shares belong to company insiders and institutional investors own 16.49% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 10.02 million shares as on 2025-05-30, resulting in a short ratio of 0.85. The stock has fallen by -38.25% 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.
