HIVE Digital Technologies Ltd (NASDAQ:HIVE) has a beta value of 3.88 and has seen 5.18 million shares traded in the last trading session. The company, currently valued at $472.29M, closed the last trade at $3.66 per share which meant it lost -$0.27 on the day or -6.87% during that session. The HIVE stock price is -56.83% off its 52-week high price of $5.74 and 40.44% above the 52-week low of $2.18. If we look at the company’s 10-day average daily trading volume, we find that it stood at 6.42 million shares traded. The 3-month trading volume is 4.33 million shares.
The consensus among analysts is that HIVE Digital Technologies Ltd (HIVE) is Buy stock at the moment, with a recommendation rating of 1.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 3 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.
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HIVE Digital Technologies Ltd (NASDAQ:HIVE) trade information
Sporting -6.87% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the HIVE stock price touched $3.66 or saw a rise of 20.09%. Year-to-date, HIVE Digital Technologies Ltd shares have moved -19.21%, while the 5-day performance has seen it change -14.69%. Over the past 30 days, the shares of HIVE Digital Technologies Ltd (NASDAQ:HIVE) have changed -10.95%. Short interest in the company has seen 4.31 million shares shorted with days to cover at 0.57.
Wall Street analysts have a consensus price target for the stock at $5.5, which means that the shares’ value could jump 33.45% from current levels. The projected low price target is $5.0 while the price target rests at a high of $9.0. In that case, then, we find that the current price level is -145.9% off the targeted high while a plunge would see the stock gain -36.61% from current levels.
HIVE Digital Technologies Ltd (HIVE) estimates and forecasts
Figures show that HIVE Digital Technologies Ltd shares have outperformed across the wider relevant industry. The company’s shares have gained 43.53% over the past 6 months, with this year growth rate of 61.82%, compared to 8.50% for the industry. Revenue growth from the last financial year stood is estimated to be 0.52%.
6 analysts offering their estimates for the company have set an average revenue estimate of 27.89M for the current quarter. 5 have an estimated revenue figure of 31.81M for the next ending quarter. Year-ago sales stood 31.25M and 36.88M respectively for this quarter and the next, and analysts expect sales will shrink by -10.77% for the current quarter and 0.52% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 23.63% over the past 5 years.
HIVE Dividends
HIVE Digital Technologies Ltd is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
HIVE Digital Technologies Ltd (NASDAQ:HIVE)’s Major holders
Insiders own 0.46% of the company shares, while shares held by institutions stand at 24.26% with a share float percentage of 24.37%. Investors are also buoyed by the number of investors in a company, with HIVE Digital Technologies Ltd having a total of 128.0 institutions that hold shares in the company.
Also the top two Mutual Funds that are holding company’s shares are Amplify Transformational Data Sharing ETF and SPDR (R) Ser Tr-SPDR� Kensho New Economies Composite ETF . As of Jun 30, 2024 , the former fund manager holds about 3.37% shares in the company for having 4.28 shares of worth $15.65 million while later fund manager owns 3.16 shares of worth $11.58 million as of Sep 30, 2024 , which makes it owner of about 2.49% of company’s outstanding stock.
