In today’s recent session, 1.13 million shares of the HIVE Digital Technologies Ltd. (NASDAQ:HIVE) have been traded, and its beta is 3.88. Most recently the company’s share price was $3.25, and it changed around $0.08 or 2.52% from the last close, which brings the market valuation of the company to $385.74M. HIVE at last check was trading at a discount to its 52-week high of $5.74, offering almost -76.62% off that amount. The share price’s 52-week low was $2.18, which indicates that the recent value has risen by an impressive 32.92% since then. We note from HIVE Digital Technologies Ltd.’s average daily trading volume that its 10-day average is 2.83 million shares, with the 3-month average coming to 3.58 million.

HIVE Digital Technologies Ltd. stock received a consensus recommendation rating of Hold, based on a mean score of 1.00. 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 -0.09 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 2.52% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 3.24 on recent trading daydecreased the stock’s daily price by -0.31%. The company’s shares are currently down -28.26% year-to-date, but still up 3.83% over the last five days. On the other hand, HIVE Digital Technologies Ltd. (NASDAQ:HIVE) is 25.97% up in the 30-day period. We can see from the shorts that 6.08 million shares have been sold at a short interest cover period of 2.17 day(s).

The consensus price target as assigned by Wall Street analysts is $5.25, which translates to bulls needing to increase their stock price by 38.1% from its current value. Analyst projections state that HIVE is forecast to be at a low of $5 and a high of $5.5.

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 risen 2.52 percent over the past six months and at a 65.45% annual growth rate that is well above the industry average of 8.00%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 69.00% in revenue this quarter, and will report a decrease of -300.00% in the next quarter. The year-over-year growth rate is expected to be 2.90%, up from the previous year.

Consensus estimates provided by 4 financial analysts predict the company will bring in an average of 25.69M in revenue for the current quarter. 4 analysts expect HIVE Digital Technologies Ltd. to make 28.48M in revenue for the current ending quarter.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 23.63%.

HIVE Dividends

HIVE Digital Technologies Ltd.’s next quarterly earnings report is expected to be released on 2024-Nov-11.

HIVE Digital Technologies Ltd. (NASDAQ:HIVE)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 0.40% of HIVE Digital Technologies Ltd. shares, and 25.66% of them are in the hands of institutional investors. The stock currently has a share float of 25.77%.

Amplify Transformational Data Sharing ETF and SPDR (R) Ser Tr-SPDR� Kensho New Economies Composite ETF were the top two Mutual Funds as of Jun 30, 2024. The former held 4.28 shares worth $13.56 million, making up 3.60% of all outstanding shares. On the other hand, SPDR (R) Ser Tr-SPDR� Kensho New Economies Composite ETF held roughly 3.16 shares worth around $10.01 million, which represents about 2.66% of the total shares outstanding.