HIVE has 36-month beta value of 3.87. Analysts have mixed views on the stock, with 1 analysts rating it as a “buy,” 2 as “overweight,” 2 as “hold,” and 1 as “sell.”
The public float for HIVE is 118.17M, and currently, short sellers hold a 5.15% ratio of that float. The average trading volume of HIVE on October 01, 2024 was 3.68M shares.
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HIVE) stock’s latest price update
HIVE Digital Technologies Ltd. (NASDAQ: HIVE)’s stock price has gone decline by -6.57 in comparison to its previous close of 3.35, proactiveinvestors.com reported 2024-09-11 that HIVE Digital Technologies (TSX-V:HIVE, NASDAQ:HIVE) said it has raised C$6.09 million ($4.46 million) through its At-The-Market (ATM) equity offering conducted between July 1 and July 19, 2024. The blockchain infrastructure company issued 1.37 million shares at an average price of C$4.45 per share under the August 2023 ATM Equity Program.
HIVE’s Market Performance
HIVE Digital Technologies Ltd. (HIVE) has experienced a 0.00% fall in stock performance for the past week, with a -1.88% drop in the past month, and a -2.80% drop in the past quarter. The volatility ratio for the week is 5.88%, and the volatility levels for the past 30 days are at 6.81% for HIVE. The simple moving average for the past 20 days is 3.30% for HIVE’s stock, with a -4.70% simple moving average for the past 200 days.
Analysts’ Opinion of HIVE
Many brokerage firms have already submitted their reports for HIVE stocks, with Northland Capital repeating the rating for HIVE by listing it as a “Outperform.” The predicted price for HIVE in the upcoming period, according to Northland Capital is $5.50 based on the research report published on September 19, 2024 of the current year 2024.
B. Riley Securities gave a rating of “Buy” to HIVE, setting the target price at $6 in the report published on July 19th of the current year.
HIVE Trading at -2.44% 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 -45.47% of loss for the given period.
Volatility was left at 6.81%, however, over the last 30 days, the volatility rate increased by 5.88%, as shares surge +0.32% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -24.58% lower at present.
During the last 5 trading sessions, HIVE remain unchanged, which changed the moving average for the period of 200-days by -8.21% in comparison to the 20-day moving average, which settled at $3.03. In addition, HIVE Digital Technologies Ltd. saw -30.91% 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:
- -0.34 for the present operating margin
- -0.14 for the gross margin
The net margin for HIVE Digital Technologies Ltd. stands at -0.25. The total capital return value is set at -0.15. Equity return is now at value -15.28, with -12.48 for asset returns.
Based on HIVE Digital Technologies Ltd. (HIVE), the company’s capital structure generated 0.08 points at debt to capital in total, while cash flow to debt ratio is standing at -1.13. The debt to equity ratio resting at 0.08. The interest coverage ratio of the stock is -12.45.
Currently, EBITDA for the company is 13.1 million with net debt to EBITDA at 0.13. When we switch over and look at the enterprise to sales, we see a ratio of 2.97. The receivables turnover for the company is 28.68for trailing twelve months and the total asset turnover is 0.39. The liquidity ratio also appears to be rather interesting for investors as it stands at 7.35.
Conclusion
To put it simply, HIVE Digital Technologies Ltd. (HIVE) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as 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.
