In today’s recent session, 5.79 million shares of the HIVE Digital Technologies Ltd (NASDAQ:HIVE) have been traded, and its beta is 4.44. Most recently the company’s share price was $1.88, and it changed around -$0.1 or -5.05% from the last close, which brings the market valuation of the company to $338.98M. HIVE at last check was trading at a discount to its 52-week high of $5.54, offering almost -194.68% off that amount. The share price’s 52-week low was $1.26, which indicates that the recent value has risen by an impressive 32.98% since then. We note from HIVE Digital Technologies Ltd’s average daily trading volume that its 10-day average is 17.28 million shares, with the 3-month average coming to 10.03 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 red trend so far today with a performance of -5.05% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 2.1600 on recent trading dayincreased the stock’s daily price by 12.96%. The company’s shares are currently down -34.04% year-to-date, but still down -9.62% over the last five days. On the other hand, HIVE Digital Technologies Ltd (NASDAQ:HIVE) is 7.43% up in the 30-day period. We can see from the shorts that 10.01 million shares have been sold at a short interest cover period of 1.4 day(s).
The consensus price target as assigned by Wall Street analysts is $7.5, which translates to bulls needing to increase their stock price by 74.93% from its current value. Analyst projections state that HIVE is forecast to be at a low of $7.5 and a high of $7.5.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 23.63%.
HIVE Dividends
HIVE Digital Technologies Ltd’s next quarterly earnings report is expected to be released on 2025-Feb-10.
HIVE Digital Technologies Ltd (NASDAQ:HIVE)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.31% of HIVE Digital Technologies Ltd shares, and 17.51% of them are in the hands of institutional investors. The stock currently has a share float of 17.56%. HIVE Digital Technologies Ltd stock is held by 129.0 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 ETF Trust-Amplify Transformational Data Sharing ETF and Valkyrie ETF Trust II-Valkyrie Bitcoin Miners ETF were the top two Mutual Funds as of Dec 31, 2024 . The former held 4.18 shares worth $7.83 million, making up 2.31% of all outstanding shares. On the other hand, Valkyrie ETF Trust II-Valkyrie Bitcoin Miners ETF held roughly 2.48 shares worth around $4.66 million, which represents about 1.37% of the total shares outstanding.
