In last trading session, HIVE Digital Technologies Ltd. (NASDAQ:HIVE) saw 1.04 million shares changing hands with its beta currently measuring 3.71. Company’s recent per share price level of $3.16 trading at -$0.1 or -3.07% at ring of the bell on the day assigns it a market valuation of $376.45M. That closing price of HIVE’s stock is at a discount of -116.46% from its 52-week high price of $6.84 and is indicating a premium of 56.96% from its 52-week low price of $1.36. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.89 million shares which gives us an average trading volume of 1.64 million if we extend that period to 3-months.
For HIVE Digital Technologies Ltd. (HIVE), analysts’ consensus is at an average recommendation of a Buy while assigning it a mean rating of 1.70. Splitting up the data highlights that, out of 3 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 3 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.19 in the current quarter.
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HIVE Digital Technologies Ltd. (NASDAQ:HIVE) trade information
Upright in the red during last session for losing -3.07%, in the last five days HIVE remained trading in the red while hitting it’s week-highest on Tuesday, 09/12/23 when the stock touched $3.16 price level, adding 10.23% to its value on the day. HIVE Digital Technologies Ltd.’s shares saw a change of 119.44% in year-to-date performance and have moved -5.39% in past 5-day. HIVE Digital Technologies Ltd. (NASDAQ:HIVE) showed a performance of -24.04% in past 30-days. Number of shares sold short was 3.7 million shares which calculate 3.02 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $6.83 to the stock, which implies a rise of 53.73% to its current value. Analysts have been projecting $6.50 as a low price target for the stock while placing it at a high target of $7.00. It follows that stock’s current price would drop -121.52% in reaching the projected high whereas dropping to the targeted low would mean a loss of -105.7% for stock’s current value.
HIVE Digital Technologies Ltd. (HIVE) estimates and forecasts
Statistics highlight that HIVE Digital Technologies Ltd. is scoring comparatively higher than the scores of other players of the relevant industry. The company added 12.86% of value to its shares in past 6 months, showing an annual growth rate of 72.26% while that of industry is 1.20. Apart from that, the company came raising its revenue forecast for fiscal year 2023. The company is estimating its revenue growth to increase by 57.80% in the current quarter and calculating 82.60% increase in the next quarter. This year revenue growth is estimated to rise 8.80% from the last financial year’s standing.
2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $23.85 million for the same. And 2 analysts are in estimates of company making revenue of $30.59 million in the next quarter that will end on Dec 2023. Company posted $28.6 million and $14.32 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to shrink by -16.60% while estimating it to be 113.60% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 3.30% during past 5 years.
HIVE Dividends
HIVE Digital Technologies Ltd. is more likely to be releasing its next quarterly report between November 13 and November 17 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
