HIVE Digital Technologies Ltd (NASDAQ: HIVE) is -47.21% 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 $2.35 in the last trading session, with the day’s loss setting it -0.08%.
Currently trading at $2.27, the stock is 2.14% and 11.94% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 20.47 million and changing -3.40% at the moment leaves the stock -13.57% off its SMA200. HIVE registered -20.35% loss for a year compared to 6-month loss of -27.01%. The firm has a 50-day simple moving average (SMA 50) of $2.0278 and a 200-day simple moving average (SMA200) of $2.6266.
The stock witnessed a 27.53% gain in the last 1 month and extending the period to 3 months gives it a 31.98%, and is 1.79% 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 8.10% over the week and 8.74% over the month.
HIVE Digital Technologies Ltd (HIVE) has around 24 employees, a market worth around $486.48M and $115.28M in sales. Fwd P/E is 5.32. 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%).
The EPS is expected to shrink by -240.00% this year.
HIVE Digital Technologies Ltd (HIVE) Top Institutional Holders
126.0 institutions hold shares in HIVE Digital Technologies Ltd (HIVE), with institutional investors hold 14.93% of the company’s shares. The shares outstanding are 214.31M, and float is at 213.38M with Short Float at 4.72%. Institutions hold 14.89% 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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