HIVE Digital Technologies Ltd. (NASDAQ: HIVE)’s stock price has gone decline by -12.91 in comparison to its previous close of 3.06, however, the company has experienced a -27.78% decrease in its stock price over the last five trading days. zacks.com reported 2024-08-02 that HIVE Digital Technologies (HIVE) doesn’t possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Is It Worth Investing in HIVE Digital Technologies Ltd. (NASDAQ: HIVE) Right Now?
Moreover, the 36-month beta value for HIVE is 3.90. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 2 as “overweight,” 2 as “hold,” and 1 as “sell.”
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The public float for HIVE is 104.08M and currently, short sellers hold a 5.95% of that float. On August 05, 2024, HIVE’s average trading volume was 3.99M shares.
HIVE’s Market Performance
HIVE stock saw a decrease of -27.78% in the past week, with a monthly decline of -20.21% and a quarterly a decrease of 9.22%. The volatility ratio for the week is 9.09%, and the volatility levels for the last 30 days are 9.72% for HIVE Digital Technologies Ltd. (HIVE). The simple moving average for the last 20 days is -28.23% for HIVE’s stock, with a simple moving average of -19.64% for the last 200 days.
Analysts’ Opinion of HIVE
Many brokerage firms have already submitted their reports for HIVE stocks, with B. Riley Securities repeating the rating for HIVE by listing it as a “Buy.” The predicted price for HIVE in the upcoming period, according to B. Riley Securities is $6 based on the research report published on July 19, 2024 of the current year 2024.
H.C. Wainwright gave a rating of “Buy” to HIVE, setting the target price at $5 in the report published on January 31st of the previous year.
HIVE Trading at -17.93% 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 -53.57% of loss for the given period.
Volatility was left at 9.72%, however, over the last 30 days, the volatility rate increased by 9.09%, as shares sank -21.64% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.90% upper at present.
During the last 5 trading sessions, HIVE fell by -27.37%, which changed the moving average for the period of 200-days by -13.55% in comparison to the 20-day moving average, which settled at $3.68. In addition, HIVE Digital Technologies Ltd. saw -41.17% 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:
- -0.43 for the present operating margin
- -0.22 for the gross margin
The net margin for HIVE Digital Technologies Ltd. stands at -0.44. The total capital return value is set at -0.18. Equity return is now at value -25.07, with -20.33 for asset returns.
Based on HIVE Digital Technologies Ltd. (HIVE), the company’s capital structure generated 0.09 points at debt to capital in total, while cash flow to debt ratio is standing at 0.42. The debt to equity ratio resting at 0.1. The interest coverage ratio of the stock is -14.18.
Currently, EBITDA for the company is 13.1 million with net debt to EBITDA at 1.32. When we switch over and look at the enterprise to sales, we see a ratio of 2.6. The receivables turnover for the company is 16.88for trailing twelve months and the total asset turnover is 0.38. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.77.
Conclusion
To wrap up, the performance of HIVE Digital Technologies Ltd. (HIVE) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
