HIVE Digital Technologies Ltd (NASDAQ: HIVE) is -50.18% lower on its value in year-to-date trading and has touched a low of $1.30 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 $1.40 in the last trading session, with the day’s gains setting it 0.02%.
Currently trading at $1.42, the stock is -12.88% and -34.42% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.05 million and changing 1.43% at the moment leaves the stock -54.60% off its SMA200. HIVE registered -55.63% loss for a year compared to 6-month loss of -54.19%. The firm has a 50-day simple moving average (SMA 50) of $2.1654 and a 200-day simple moving average (SMA200) of $3.12775.
The stock witnessed a -29.00% gain in the last 1 month and extending the period to 3 months gives it a -57.10%, and is -2.07% 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 11.69% over the week and 8.08% over the month.
HIVE Digital Technologies Ltd (HIVE) has around 20 employees, a market worth around $224.49M and $121.00M in sales. Profit margin for the company is -5.45%. Distance from 52-week low is 9.23% and -74.37% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.47%).
The EPS is expected to grow by 70.88% this year.
HIVE Digital Technologies Ltd (HIVE) Top Institutional Holders
145.0 institutions hold shares in HIVE Digital Technologies Ltd (HIVE), with institutional investors hold 21.36% 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 21.28% 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 STATE STREET CORP which holds 3.12 million shares representing 2.8214% and valued at over $9.62 million, while MMCAP INTERNATIONAL INC. SPC holds 2.7354 of the shares totaling 3.03 million with a market value of $9.33 million.
HIVE Digital Technologies Ltd (HIVE) Insider Activity
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