HIVE Digital Technologies Ltd. (HIVE) Stock: Assessing the Risk and Reward

The stock of HIVE Digital Technologies Ltd. (HIVE) has gone up by 0.16% for the week, with a -17.44% drop in the past month and a -29.47% drop in the past quarter. The volatility ratio for the week is 5.85%, and the volatility levels for the past 30 days are 7.11% for HIVE. The simple moving average for the past 20 days is -0.61% for HIVE’s stock, with a -14.81% simple moving average for the past 200 days.

Is It Worth Investing in HIVE Digital Technologies Ltd. (NASDAQ: HIVE) Right Now?

The 36-month beta value for HIVE is at 3.60. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 2 rating it as “overweight,” 2 as “hold,” and 1 as “sell.”

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

The public float for HIVE is 104.07M, and currently, shorts hold a 5.84% of that float. The average trading volume for HIVE on April 02, 2024 was 3.25M shares.

HIVE) stock’s latest price update

HIVE Digital Technologies Ltd. (NASDAQ: HIVE)’s stock price has gone decline by -4.63 in comparison to its previous close of 3.35, however, the company has experienced a 0.16% increase in its stock price over the last five trading days. InvestorPlace reported 2024-03-28 that It’s tempting to chase after the next big biotech breakthrough or speculate on businesses burning cash like there’s no tomorrow. However, that’s usually a fast track to disappointment – and a much lighter wallet.

Analysts’ Opinion of HIVE

H.C. Wainwright, on the other hand, stated in their research note that they expect to see HIVE reach a price target of $5. The rating they have provided for HIVE stocks is “Buy” according to the report published on January 31st, 2023.

Stifel gave a rating of “Buy” to HIVE, setting the target price at $3.75 in the report published on March 25th of the previous year.

HIVE Trading at -7.61% from the 50-Day Moving Average

After a stumble in the market that brought HIVE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -53.29% of loss for the given period.

Volatility was left at 7.11%, however, over the last 30 days, the volatility rate increased by 5.85%, as shares sank -11.70% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.31% lower at present.

During the last 5 trading sessions, HIVE fell by -0.63%, which changed the moving average for the period of 200-days by +1.60% in comparison to the 20-day moving average, which settled at $3.19. In addition, HIVE Digital Technologies Ltd. saw -29.47% in overturn over a single year, with a tendency to cut further losses.

Stock Fundamentals for HIVE

Current profitability levels for the company are sitting at:

  • -0.51 for the present operating margin
  • -0.33 for the gross margin

The net margin for HIVE Digital Technologies Ltd. stands at -0.63. The total capital return value is set at -0.25. Equity return is now at value -34.12, with -26.03 for asset returns.

Based on HIVE Digital Technologies Ltd. (HIVE), the company’s capital structure generated 0.15 points at debt to capital in total, while cash flow to debt ratio is standing at 0.95. The debt to equity ratio resting at 0.18. The interest coverage ratio of the stock is -15.11.

Currently, EBITDA for the company is -43.88 million with net debt to EBITDA at 1.45. When we switch over and look at the enterprise to sales, we see a ratio of 3.53. The receivables turnover for the company is 12.01for trailing twelve months and the total asset turnover is 0.43. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.51.

Conclusion

In conclusion, HIVE Digital Technologies Ltd. (HIVE) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

Related Posts