HIVE Digital Technologies Ltd. (NASDAQ:HIVE)’s traded shares stood at 4.36 million during the last session, with the company’s beta value hitting 3.88. At the close of trading, the stock’s price was $3.78, to imply an increase of 3.56% or $0.13 in intraday trading. The HIVE share’s 52-week high remains $5.74, putting it -51.85% down since that peak but still an impressive 42.33% since price per share fell to its 52-week low of $2.18. The company has a valuation of $448.76M, with an average of 4.58 million shares in intraday trading volume over the past 10 days and average of 3.35 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for HIVE Digital Technologies Ltd. (HIVE), translating to a mean rating of 1.00. Of 3 analyst(s) looking at the stock, 0 analyst(s) give HIVE a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 2 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.09.
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HIVE Digital Technologies Ltd. (NASDAQ:HIVE) trade information
After registering a 3.56% upside in the last session, HIVE Digital Technologies Ltd. (HIVE) has traded red over the past five days. The 5-day price performance for the stock is 14.55%, and 16.67% over 30 days. With these gigs, the year-to-date price performance is -16.56%. Short interest in HIVE Digital Technologies Ltd. (NASDAQ:HIVE) saw shorts transact 5.34 million shares and set a 1.8 days time to cover.
The extremes give us $5 and $5.5 for target low and target high price respectively. As such, HIVE has been trading -45.5% off suggested target high and -32.28% from its likely low.
HIVE Digital Technologies Ltd. (HIVE) estimates and forecasts
Looking at statistics comparing HIVE Digital Technologies Ltd. share performance against respective industry, we note that the company has outperformed competitors. HIVE Digital Technologies Ltd. (HIVE) shares are 23.13% up over the last 6 months, with its year-to-date growth rate higher than industry average at 63.64% against 8.80%. Revenue is forecast to grow 69.00% this quarter before falling -300.00% for the next one. The rating firms project that company’s revenue will grow 2.90% compared to the previous financial year.
Revenue forecast for the current quarter as set by 4 analysts is 25.69M. Meanwhile, for the current quarter, a total of 4 analyst(s) estimate revenue growth to 28.48M.
HIVE Dividends
HIVE Digital Technologies Ltd. has its next earnings report out on 2024-Nov-11. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
HIVE Digital Technologies Ltd. (NASDAQ:HIVE)’s Major holders
HIVE Digital Technologies Ltd. insiders hold 0.40% of total outstanding shares, with institutional holders owning 26.07% of the shares at 26.18% float percentage. In total, 26.07% institutions holds shares in the company.
