In today’s recent session, 1.46 million shares of the HIVE Digital Technologies Ltd. (NASDAQ:HIVE) have been traded, and its beta is 3.61. Most recently the company’s share price was $2.81, and it changed around $0.1 or 3.70% from the last close, which brings the market valuation of the company to $293.95M. HIVE at last check was trading at a discount to its 52-week high of $6.84, offering almost -143.42% off that amount. The share price’s 52-week low was $2.54, which indicates that the recent value has risen by an impressive 9.61% since then. We note from HIVE Digital Technologies Ltd.’s average daily trading volume that its 3-month average coming to 2.84 million.
HIVE Digital Technologies Ltd. stock received a consensus recommendation rating of Hold, based on a mean score of 2.00. If we narrow it down even further, the data shows that 1 out of 6 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 2 recommended HIVE as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. HIVE Digital Technologies Ltd. is expected to report earnings per share of -$0.14 for the current quarter.
HIVE Digital Technologies Ltd. (NASDAQ:HIVE) trade information
Instantly HIVE has been showing a green trend so far today with a performance of 3.70% on intraday trading today. The performance over the last five days has remained in the green territory. The company’s shares are currently down -37.96% year-to-date, but still up 5.05% over the last five days. On the other hand, HIVE Digital Technologies Ltd. (NASDAQ:HIVE) is -9.93% down in the 30-day period.
HIVE Digital Technologies Ltd. (HIVE) estimates and forecasts
HIVE Digital Technologies Ltd. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -4.41 percent over the past six months and at a 66.45% annual growth rate that is well above the industry average of 10.60%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 12.50% in revenue this quarter, and will report a decrease of -31.60% in the next quarter. The year-over-year growth rate is expected to be 5.50%, up from the previous year.
Consensus estimates provided by 3 financial analysts predict the company will bring in an average of $34.68 million in revenue for the current quarter. 2 analysts expect HIVE Digital Technologies Ltd. to make $24.1 million in revenue for the quarter ending Jun 2024. The company’s sales for the same quarters a year ago were $18.22 million and $22.1 million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 90.30%. Forecasts for the next quarter put sales growth at 9.00%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -32.45%.
