HIVE Digital Technologies Ltd (HIVE) Looks Ready for Growth Despite 6.67% Change This Year

HIVE Digital Technologies Ltd (NASDAQ: HIVE) is 6.67% higher on its value in year-to-date trading and has touched a low of $2.18 and a high of $5.54 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The HIVE stock was last observed hovering at around $3.12 in the last trading session, with the day’s loss setting it -0.08%.

Currently trading at $3.04, the stock is -7.86% and -20.60% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.27 million and changing -2.56% at the moment leaves the stock -7.06% off its SMA200. HIVE registered -27.62% loss for a year compared to 6-month gain of -8.16%. The firm has a 50-day simple moving average (SMA 50) of $3.8288 and a 200-day simple moving average (SMA200) of $3.27085.

The stock witnessed a -24.75% loss in the last 1 month and extending the period to 3 months gives it a 4.83%, and is -1.62% down 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 7.58% over the week and 7.55% over the month.

HIVE Digital Technologies Ltd (HIVE) has around 20 employees, a market worth around $392.28M and $123.02M in sales. Profit margin for the company is -12.04%. Distance from 52-week low is 39.45% and -45.13% from its 52-week high. The company has generated returns on investments over the last 12 months (-5.00%).

with sales reaching $28.14M over the same period.The EPS is expected to grow by 58.19% this year, but quarterly earnings will post 1.59% year-over-year. Quarterly sales are estimated to shrink -9.95% in year-over-year returns.

HIVE Digital Technologies Ltd (HIVE) Top Institutional Holders

125.0 institutions hold shares in HIVE Digital Technologies Ltd (HIVE), with institutional investors hold 23.83% of the company’s shares. The shares outstanding are 129.04M, and float is at 128.29M with Short Float at 2.73%. Institutions hold 23.73% of the Float.