In the latest trading session,, 2.62 million HIVE Digital Technologies Ltd (NASDAQ:HIVE) shares changed hands as the company’s beta touched 4.45. With the company’s most recent per share price at $2.07 changing hands around $0.0 or -0.24% at last look, the market valuation stands at $326.46M. HIVE’s current price is a discount, trading about -167.63% off its 52-week high of $5.54. The share price had its 52-week low at $1.26, which suggests the last value was 39.13% up 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 11.62%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -27.54%, with the 5-day performance at 11.62% in the green. However, in the 30-day time frame, HIVE Digital Technologies Ltd (NASDAQ:HIVE) is 38.59% up.
The consensus price target for the stock as assigned by Wall Street analysts is 7.5, meaning bulls need an upside of 72.4% from its recent market value. According to analyst projections, HIVE’s forecast low is 7.5 with 7.5 as the target high. To hit the forecast high, the stock’s price needs a -262.32% plunge from its current level, while the stock would need to soar -262.32% for it to hit the projected low.
HIVE Digital Technologies Ltd (HIVE) estimates and forecasts
Year-over-year growth is forecast to reach 1.32% up from the last financial year.
Consensus estimates given by 8 financial analysts project the company’s revenue in the current quarter to hit an average of 31.47M. 4 analysts are of the opinion that HIVE Digital Technologies Ltd’s revenue for the current quarter will be 48.21M. 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 -14.67%. The estimates for the next quarter sales put growth at 49.52%.
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 72.63%.
HIVE Dividends
HIVE Digital Technologies Ltd is expected to release its next quarterly earnings report in June.
VAN ECK ASSOCIATES CORP holds the second largest percentage of outstanding shares, with 3.5184% or 3.89 million shares worth $11.99 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were Amplify ETF Trust-Amplify Transformational Data Sharing ETF and Valkyrie ETF Trust II-Valkyrie Bitcoin Miners ETF . With 4.18 shares estimated at $8.63 million under it, the former controlled 2.36% of total outstanding shares. On the other hand, Valkyrie ETF Trust II-Valkyrie Bitcoin Miners ETF held about 1.40% of the shares, roughly 2.48 shares worth around $5.13 million.
