In today’s recent session, 2.09 million shares of the HIVE Digital Technologies Ltd (NASDAQ:HIVE) have been traded, and its beta is 4.81. Most recently the company’s share price was $1.77, and it changed around $0.11 or 6.72% from the last close, which brings the market valuation of the company to $280.07M. HIVE at last check was trading at a discount to its 52-week high of $5.54, offering almost -212.99% off that amount. The share price’s 52-week low was $1.61, which indicates that the recent value has risen by an impressive 9.04% since then. We note from HIVE Digital Technologies Ltd’s average daily trading volume that its 10-day average is 8.36 million shares, with the 3-month average coming to 9.96 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 8 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 0 recommended HIVE as a Hold, whereas 5 deemed it a Buy, and 0 rated it as Underweight.
HIVE Digital Technologies Ltd (NASDAQ:HIVE) trade information
Instantly HIVE has been showing a green trend so far today with a performance of 6.72% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 1.7800 on recent trading dayincreased the stock’s daily price by 0.56%. The company’s shares are currently down -37.84% year-to-date, but still up 1.23% over the last five days. On the other hand, HIVE Digital Technologies Ltd (NASDAQ:HIVE) is -28.85% down in the 30-day period. We can see from the shorts that 9.67 million shares have been sold at a short interest cover period of 0.92 day(s).
The consensus price target as assigned by Wall Street analysts is $8.25, which translates to bulls needing to increase their stock price by 78.55% from its current value. Analyst projections state that HIVE is forecast to be at a low of $7.5 and a high of $9.
HIVE Digital Technologies Ltd (NASDAQ:HIVE)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.37% of HIVE Digital Technologies Ltd shares, and 22.64% of them are in the hands of institutional investors. The stock currently has a share float of 22.73%. HIVE Digital Technologies Ltd stock is held by 148.0 institutions, with TOROSO INVESTMENTS, LLC being the largest institutional investor. By 2024-06-30, it held 3.8631% of the shares, which is about 4.28 million shares worth $13.17 million.
VAN ECK ASSOCIATES CORP, with 3.5184% or 3.89 million shares worth $11.99 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Amplify Transformational Data Sharing ETF and Valkyrie Bitcoin Miners ETF were the top two Mutual Funds as of Dec 31, 2024. The former held 4.18 shares worth $7.33 million, making up 2.64% of all outstanding shares. On the other hand, Valkyrie Bitcoin Miners ETF held roughly 2.48 shares worth around $4.36 million, which represents about 1.57% of the total shares outstanding.
