In last trading session, HIVE Digital Technologies Ltd (NASDAQ:HIVE) saw 7.87 million shares changing hands with its beta currently measuring 3.92. Company’s recent per share price level of $4.07 trading at $0.43 or 11.81% at ring of the bell on the day assigns it a market valuation of $671.71M. That closing price of HIVE’s stock is at a discount of -41.03% from its 52-week high price of $5.74 and is indicating a premium of 46.44% from its 52-week low price of $2.18. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 4.87 million shares which gives us an average trading volume of 3.47 million if we extend that period to 3-months.
For HIVE Digital Technologies Ltd (HIVE), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. 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. 1 suggested the stock as a Hold whereas 2 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.09 in the current quarter.
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HIVE Digital Technologies Ltd (NASDAQ:HIVE) trade information
Upright in the green during last session for gaining 11.81%, in the last five days HIVE remained trading in the red while hitting it’s week-highest on Thursday, 10/31/24 when the stock touched $4.07 price level, adding 4.46% to its value on the day. HIVE Digital Technologies Ltd’s shares saw a change of -10.15% in year-to-date performance and have moved -4.68% in past 5-day. HIVE Digital Technologies Ltd (NASDAQ:HIVE) showed a performance of 35.22% in past 30-days. Number of shares sold short was 5.43 million shares which calculate 1.71 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 5.5 to the stock, which implies a rise of 26.0% to its current value. Analysts have been projecting 5 as a low price target for the stock while placing it at a high target of 9. It follows that stock’s current price would drop -22.85% in reaching the projected high whereas dropping to the targeted low would mean a loss of -22.85% 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 79.30% of value to its shares in past 6 months, showing an annual growth rate of 63.64% while that of industry is 9.70. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 3.40% from the last financial year’s standing.
4 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 25.62M for the same. And 4 analysts are in estimates of company making revenue of 28.63M in 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 23.63% during past 5 years.
HIVE Digital Technologies Ltd (NASDAQ:HIVE)’s Major holders
Insiders are in possession of 0.39% of company’s total shares while institution are holding 25.53 percent of that, with stock having share float percentage of 25.64%. Investors also watch the number of corporate investors in a company very closely, which is 25.53% institutions for HIVE Digital Technologies Ltd that are currently holding shares of the company.
