In the last trading session, 6.27 million shares of the HIVE Digital Technologies Ltd (NASDAQ:HIVE) were traded, and its beta was 3.92. Most recently the company’s share price was $3.94, and it changed around -$0.1 or -2.48% from the last close, which brings the market valuation of the company to $508.42M. HIVE currently trades at a discount to its 52-week high of $5.74, offering almost -45.69% off that amount. The share price’s 52-week low was $2.18, which indicates that the current value has risen by an impressive 44.67% since then. We note from HIVE Digital Technologies Ltd’s average daily trading volume that its 10-day average is 8.4 million shares, with the 3-month average coming to 5.20 million.
HIVE Digital Technologies Ltd stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 6 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 0 recommended HIVE as a Hold, whereas 4 deemed it a Buy, and 0 rated it as Underweight. HIVE Digital Technologies Ltd is expected to report earnings per share of 0 for the current quarter.
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HIVE Digital Technologies Ltd (NASDAQ:HIVE) trade information
Instantly HIVE has showed a red trend with a performance of -2.48% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 4.65 on recent trading dayincreased the stock’s daily price by 15.27%. The company’s shares are currently down -13.02% year-to-date, but still down -3.19% over the last five days. On the other hand, HIVE Digital Technologies Ltd (NASDAQ:HIVE) is -15.27% down in the 30-day period. We can see from the shorts that 3.76 million shares have been sold at a short interest cover period of 0.59 day(s).
The consensus price target as assigned by Wall Street analysts is $5.5, which translates to bulls needing to increase their stock price by 28.36% from its current value. Analyst projections state that HIVE is forecast to be at a low of $5 and a high of $9.
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 37.28 percent over the past six months and at a 60.00% annual growth rate that is well above the industry average of 8.30%. The year-over-year growth rate is expected to be 1.76%, up from the previous year.
Consensus estimates provided by 6 financial analysts predict the company will bring in an average of 28.54M in revenue for the current quarter. 5 analysts expect HIVE Digital Technologies Ltd to make 32.71M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 31.25M and 36.88M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -8.68%. Forecasts for the next quarter put sales growth at -11.32%.
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 in January.
HIVE Digital Technologies Ltd (NASDAQ:HIVE)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.44% of HIVE Digital Technologies Ltd shares, and 23.27% of them are in the hands of institutional investors. The stock currently has a share float of 23.37%.
