HIVE Digital Technologies Ltd (NASDAQ: HIVE) is -27.71% 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 $2.31 in the last trading session, with the day’s loss setting it -0.04%.
Currently trading at $2.27, the stock is 17.65% and 20.34% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 32.05 million and changing -1.73% at the moment leaves the stock -15.55% off its SMA200. HIVE registered -20.35% loss for a year compared to 6-month loss of -20.35%. The firm has a 50-day simple moving average (SMA 50) of $1.8864 and a 200-day simple moving average (SMA200) of $2.688.
The stock witnessed a 17.01% gain in the last 1 month and extending the period to 3 months gives it a 53.38%, and is 26.11% up 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 12.26% over the week and 7.79% over the month.
HIVE Digital Technologies Ltd (HIVE) has around 24 employees, a market worth around $456.84M and $115.28M in sales. Fwd P/E is 5.11. Profit margin for the company is -48.65%. Distance from 52-week low is 80.16% and -59.03% from its 52-week high. The company has generated returns on investments over the last 12 months (-12.13%).
with sales reaching $44.95M over the same period.The EPS is expected to shrink by -660.00% this year, but quarterly earnings will post 217.55% year-over-year. Quarterly sales are estimated to grow 39.41% in year-over-year returns.
HIVE Digital Technologies Ltd (HIVE) Top Institutional Holders
127.0 institutions hold shares in HIVE Digital Technologies Ltd (HIVE), with institutional investors hold 16.53% of the company’s shares. The shares outstanding are 201.25M, and float is at 200.39M with Short Float at 4.17%. Institutions hold 16.47% 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.
