HIVE Digital Technologies Ltd (NASDAQ: HIVE) is -49.12% lower on its value in year-to-date trading and has touched a low of $1.48 and a high of $5.54 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 $1.50 in the last trading session, with the day’s loss setting it -0.05%.
Currently trading at $1.45, the stock is -16.25% and -37.76% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.91 million and changing -3.33% at the moment leaves the stock -54.24% off its SMA200. HIVE registered -55.25% loss for a year compared to 6-month loss of -57.48%. The firm has a 50-day simple moving average (SMA 50) of $2.3298 and a 200-day simple moving average (SMA200) of $3.16875.
The stock witnessed a -29.95% gain in the last 1 month and extending the period to 3 months gives it a -52.15%, and is -18.99% 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 7.04% over the week and 7.89% over the month.
HIVE Digital Technologies Ltd (HIVE) has around 20 employees, a market worth around $229.23M and $121.00M in sales. Profit margin for the company is -5.45%. Distance from 52-week low is -2.03% and -73.83% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.47%).
with sales reaching $32.4M over the same period.The EPS is expected to grow by 71.93% this year, but quarterly earnings will post 1.79% year-over-year. Quarterly sales are estimated to shrink -12.15% in year-over-year returns.
HIVE Digital Technologies Ltd (HIVE) Top Institutional Holders
148.0 institutions hold shares in HIVE Digital Technologies Ltd (HIVE), with institutional investors hold 21.83% of the company’s shares. The shares outstanding are 158.09M, and float is at 157.31M with Short Float at 6.15%. Institutions hold 21.75% of the Float.
The top institutional shareholder in the company is TOROSO INVESTMENTS, LLC with over 4.28 million shares valued at $13.17 million. The investor’s holdings represent 3.8631% of the HIVE Shares outstanding. As of 2024-06-30, the second largest holder is VAN ECK ASSOCIATES CORP with 3.89 million shares valued at $11.99 million to account for 3.5184 of the shares outstanding. The other top investors are MMCAP INTERNATIONAL INC. SPC which holds 3.03 million shares representing 2.7354% and valued at over $9.33 million, while VIDENT ADVISORY, LLC holds 2.0948 of the shares totaling 2.32 million with a market value of $7.15 million.
HIVE Digital Technologies Ltd (HIVE) Insider Activity
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