HIVE Digital Technologies Ltd (NASDAQ: HIVE) is -29.47% 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 $1.82 in the last trading session, with the day’s gains setting it 0.19%.
Currently trading at $2.01, the stock is 4.39% and 16.67% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 25.76 million and changing 10.44% at the moment leaves the stock -28.11% off its SMA200. HIVE registered -27.70% loss for a year compared to 6-month loss of -50.61%. The firm has a 50-day simple moving average (SMA 50) of $1.7228 and a 200-day simple moving average (SMA200) of $2.79615.
The stock witnessed a 16.18% gain in the last 1 month and extending the period to 3 months gives it a 0.50%, and is 11.67% 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 6.96% over the week and 4.82% over the month.
HIVE Digital Technologies Ltd (HIVE) has around 20 employees, a market worth around $362.42M and $121.00M in sales. Profit margin for the company is -5.45%. Distance from 52-week low is 59.52% and -63.72% 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
129.0 institutions hold shares in HIVE Digital Technologies Ltd (HIVE), with institutional investors hold 17.44% of the company’s shares. The shares outstanding are 180.31M, and float is at 179.53M with Short Float at 6.22%. Institutions hold 17.39% 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.
