Positives for HIVE Digital Technologies Ltd. (HIVE) as stock gains in recent trading

HIVE Digital Technologies Ltd. (NASDAQ: HIVE) is -15.89% lower on its value in year-to-date trading and has touched a low of $2.18 and a high of $5.74 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The HIVE stock was last observed hovering at around $3.30 in the last trading session, with the day’s gains setting it 0.51%.

Currently trading at $3.81, the stock is 18.58% and 22.86% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.16 million and changing 15.45% at the moment leaves the stock 19.25% off its SMA200. HIVE registered 31.38% gain for a year compared to 6-month gain of 40.59%. The firm has a 50-day simple moving average (SMA 50) of $3.101 and a 200-day simple moving average (SMA200) of $3.1949.

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The stock witnessed a 22.51% loss in the last 1 month and extending the period to 3 months gives it a -15.33%, and is 20.95% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.92% over the week and 6.16% over the month.

HIVE Digital Technologies Ltd. (HIVE) has around 20 employees, a market worth around $452.32M and $123.14M in sales. Fwd P/E is 69.27. Profit margin for the company is -25.74%. Distance from 52-week low is 74.77% and -33.62% from its 52-week high. The company has generated returns on investments over the last 12 months (-10.92%).

with sales reaching $25.69M over the same period.The EPS is expected to grow by 62.28% this year, but quarterly earnings will post 2.90% year-over-year.

HIVE Digital Technologies Ltd. (HIVE) Top Institutional Holders

113.0 institutions hold shares in HIVE Digital Technologies Ltd. (HIVE), with institutional investors hold 26.18% of the company’s shares. The shares outstanding are 118.72M, and float is at 118.21M with Short Float at 4.51%. Institutions hold 26.07% of the Float.