HIVE Digital Technologies Ltd (NASDAQ:HIVE) has a beta value of 4.81 and has seen 1.69 million shares traded in the recent trading session. The company, currently valued at $229.25M, closed the recent trade at $1.45 per share which meant it lost -$0.05 on the day or -3.33% during that session. The HIVE stock price is -282.07% off its 52-week high price of $5.54 and -2.07% below the 52-week low of $1.48. If we look at the company’s 10-day average daily trading volume, we find that it stood at 8.23 million shares traded. The 3-month trading volume is 9.92 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.
HIVE Digital Technologies Ltd (NASDAQ:HIVE) trade information
Sporting -3.33% in the red today, 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 $1.45 or saw a rise of 20.77%. Year-to-date, HIVE Digital Technologies Ltd shares have moved -49.12%, while the 5-day performance has seen it change -18.99%. Over the past 30 days, the shares of HIVE Digital Technologies Ltd (NASDAQ:HIVE) have changed -29.95%. Short interest in the company has seen 9.67 million shares shorted with days to cover at 1.08.
Wall Street analysts have a consensus price target for the stock at $8.25, which means that the shares’ value could jump 82.42% from the levels at last check today.. The projected low price target is $7.5 while the price target rests at a high of $9.0. In that case, then, we find that the latest price level in today’s session is -520.69% off the targeted high while a plunge would see the stock gain -417.24% from the levels at last check today..
HIVE Digital Technologies Ltd (HIVE) estimates and forecasts
The company’s shares have lost -57.48% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 1.79%.
7 analysts offering their estimates for the company have set an average revenue estimate of 32.4M for the current quarter. 3 have an estimated revenue figure of 45.36M for the next ending quarter. Year-ago sales stood 36.88M and 32.24M respectively for this quarter and the next, and analysts expect sales will shrink by -12.15% for the current quarter and 1.79% 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 on 2025-Feb-10 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 0.35% of the company shares, while shares held by institutions stand at 21.75% with a share float percentage of 21.83%. Investors are also buoyed by the number of investors in a company, with HIVE Digital Technologies Ltd having a total of 148.0 institutions that hold shares in the company. The top two institutional holders are TOROSO INVESTMENTS, LLC with over 4.28 million shares worth more than $13.17 million. As of 2024-06-30, TOROSO INVESTMENTS, LLC held 3.8631% of shares outstanding.
The other major institutional holder is VAN ECK ASSOCIATES CORP, with the holding of over 3.89 million shares as of 2024-06-30. The firm’s total holdings are worth over $11.99 million and represent 3.5184% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Amplify ETF Trust-Amplify Transformational Data Sharing ETF and Valkyrie ETF Trust II-Valkyrie Bitcoin Miners ETF . As of Dec 31, 2024 , the former fund manager holds about 2.54% shares in the company for having 4.18 shares of worth $5.94 million while later fund manager owns 2.48 shares of worth $3.53 million as of Dec 31, 2024 , which makes it owner of about 1.51% of company’s outstanding stock.
