HIVE Digital Technologies Ltd (NASDAQ: HIVE) is -33.68% 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 $1.95 in the last trading session, with the day’s loss setting it -0.06%.
Currently trading at $1.89, the stock is -3.03% and 7.02% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 15.99 million and changing -3.08% at the moment leaves the stock -31.56% off its SMA200. HIVE registered -34.15% loss for a year compared to 6-month loss of -52.03%.
The stock witnessed a -1.05% gain in the last 1 month and extending the period to 3 months gives it a 8.62%, and is -5.97% 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 1.63% over the week and 4.64% over the month.
HIVE Digital Technologies Ltd (HIVE) has around 20 employees, a market worth around $340.79M and $121.00M in sales. Profit margin for the company is -5.45%. Distance from 52-week low is 50.00% and -65.88% 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 74.21% this year.
HIVE Digital Technologies Ltd (HIVE) Top Institutional Holders
The shares outstanding are 180.31M, and float is at 179.53M with Short Float at 5.58%.
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.
