During the recent session, HIVE Digital Technologies Ltd (NASDAQ:HIVE)’s traded shares were 2.87 million, with the beta value of the company hitting 4.03. At the last check today, the stock’s price was $3.19, reflecting an intraday gain of 1.23% or $0.04. The 52-week high for the HIVE share is $5.54, that puts it down -73.67 from that peak though still a striking 31.66% gain since the share price plummeted to a 52-week low of $2.18. The company’s market capitalization is $411.46M, and the average intraday trading volume over the past 10 days was 9.54 million shares, and the average trade volume was 8.07 million shares over the past three months.
HIVE Digital Technologies Ltd (HIVE) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. HIVE has a Sell rating from 0 analyst(s) out of 3 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.
HIVE Digital Technologies Ltd (NASDAQ:HIVE) trade information
HIVE Digital Technologies Ltd (HIVE) registered a 1.23% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 1.23% in intraday trading to $3.19, hitting a weekly high. The stock’s 5-day price performance is 1.55%, and it has moved by 1.55% in 30 days. Based on these gigs, the overall price performance for the year is 1.87%. The short interest in HIVE Digital Technologies Ltd (NASDAQ:HIVE) is 3.96 million shares and it means that shorts have 0.43 day(s) to cover.
The consensus price target of analysts on Wall Street is $6.5, which implies an increase of 50.92% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $5 and $9 respectively. As a result, HIVE is trading at a discount of -182.13% off the target high and -56.74% off the low.
HIVE Digital Technologies Ltd (HIVE) estimates and forecasts
Statistics show that HIVE Digital Technologies Ltd has outperformed its competitors in share price, compared to the industry in which it operates. HIVE Digital Technologies Ltd (HIVE) shares have gone down -25.85% during the last six months, with a year-to-date growth rate more than the industry average at 58.18% against 8.30. In the rating firms’ projections, revenue will increase 1.59% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 28.14M as predicted by 7 analyst(s). Meanwhile, a consensus of 7 analyst(s) estimates revenue growth to 33.24M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 31.25M and 36.88M respectively. In this case, analysts expect current quarter sales to shrink by -9.95% and then drop by -9.87% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 23.63%. While earnings are projected to return 58.19% in 2025.
HIVE Dividends
HIVE Digital Technologies Ltd is due to release its next quarterly earnings in February. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
HIVE Digital Technologies Ltd (NASDAQ:HIVE)’s Major holders
HIVE Digital Technologies Ltd insiders own 0.40% of total outstanding shares while institutional holders control 23.28%, with the float percentage being 23.37%.
Also, the Mutual Funds coming in first place with the largest holdings of HIVE Digital Technologies Ltd (HIVE) shares are Amplify Transformational Data Sharing ETF and SPDR (R) Ser Tr-SPDR� Kensho New Economies Composite ETF. Data provided on Sep 30, 2024 indicates that Amplify Transformational Data Sharing ETF owns about 4.0 shares. This amounts to just over 2.77 percent of the company’s overall shares, with a $12.87 million market value. The same data shows that the other fund manager holds slightly less at 3.15, or about 2.18% of the stock, which is worth about $10.12 million.
