Why should you keep an eye on HIVE Digital Technologies Ltd (HIVE)?

HIVE Digital Technologies Ltd (NASDAQ: HIVE) is -39.65% lower on its value in year-to-date trading and has touched a low of $1.26 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 $1.79 in the last trading session, with the day’s loss setting it -0.07%.

Currently trading at $1.72, the stock is 8.35% and 1.12% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.48 million and changing -3.91% at the moment leaves the stock -41.94% off its SMA200. HIVE registered -31.47% loss for a year compared to 6-month loss of -59.72%.

The stock witnessed a 16.22% gain in the last 1 month and extending the period to 3 months gives it a -40.89%, and is -1.71% 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 5.55% over the week and 8.92% over the month.

HIVE Digital Technologies Ltd (HIVE) has around 20 employees, a market worth around $271.91M and $121.00M in sales. Profit margin for the company is -5.45%. Distance from 52-week low is 36.51% and -68.95% 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 72.63% this year.

HIVE Digital Technologies Ltd (HIVE) Top Institutional Holders

The shares outstanding are 158.09M, and float is at 157.31M with Short Float at 6.36%.

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.