In the latest trading session, 6.11 million HIVE Digital Technologies Ltd (NASDAQ:HIVE) shares changed hands as the company’s beta touched 4.49. With the company’s most recent per share price at $2.17 changed hands at -$0.21 or -8.77% at last look, the market valuation stands at $337.42M. HIVE’s current price is a discount, trading about -155.3% off its 52-week high of $5.54. The share price had its 52-week low at $2.18, which suggests the last value was -0.46% down since then.
Analysts gave the HIVE Digital Technologies Ltd (HIVE) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 3 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended HIVE as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. HIVE Digital Technologies Ltd’s EPS for the current quarter is expected to be 0.
HIVE Digital Technologies Ltd (NASDAQ:HIVE) trade information
Instantly HIVE was in red as seen in intraday trades today. With action -22.73%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -23.81%, with the 5-day performance at -22.73% in the red. However, in the 30-day time frame, HIVE Digital Technologies Ltd (NASDAQ:HIVE) is -29.73% down.
The consensus price target for the stock as assigned by Wall Street analysts is 7.5, meaning bulls need an upside of 71.07% from its recent market value. According to analyst projections, HIVE’s forecast low is 5.5 with 9 as the target high. To hit the forecast high, the stock’s price needs a -314.75% plunge from its current level, while the stock would need to soar -153.46% for it to hit the projected low.
HIVE Digital Technologies Ltd (HIVE) estimates and forecasts
Year-over-year growth is forecast to reach 3.36% up from the last financial year.
Consensus estimates given by 6 financial analysts project the company’s revenue in the current quarter to hit an average of 34.22M. 3 analysts are of the opinion that HIVE Digital Technologies Ltd’s revenue for the current quarter will be 41.78M. The company’s revenue for the corresponding quarters a year ago was 36.88M and 32.24M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -7.22%. The estimates for the next quarter sales put growth at 29.60%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 23.63%. The 2025 estimates are for HIVE Digital Technologies Ltd earnings to increase by 72.98%.
HIVE Digital Technologies Ltd (NASDAQ:HIVE)’s Major holders
Among Mutual Funds, the top two as of Sep 30, 2024 were Amplify Transformational Data Sharing ETF and SPDR (R) Ser Tr-SPDR� Kensho New Economies Composite ETF. With 4.0 shares estimated at $8.72 million under it, the former controlled 2.56% of total outstanding shares. On the other hand, SPDR (R) Ser Tr-SPDR� Kensho New Economies Composite ETF held about 2.01% of the shares, roughly 3.15 shares worth around $6.86 million.
