HIVE Digital Technologies Ltd (NASDAQ: HIVE)’s stock price has increased by 4.10 compared to its previous closing price of 4.43. However, the company has seen a -12.16% decrease in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-13 that HIVE Digital Technologies Ltd. (NASDAQ:HIVE ) Q2 2025 Earnings Conference Call November 13, 2024 8:30 AM ET Company Participants Nathan Fast – Director of Marketing and Branding Frank Holmes – Executive Chairman Aydin Kilic – President and CEO Darcy Daubaras – CFO Conference Call Participants Bill Papanastasiou – Stifel Nick Giles – B.
Is It Worth Investing in HIVE Digital Technologies Ltd (NASDAQ: HIVE) Right Now?
The stock has a 36-month beta value of 3.92. Opinions on the stock are mixed, with 4 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 128.48M, and at present, short sellers hold a 4.23% of that float. On November 18, 2024, the average trading volume of HIVE was 4.00M shares.
HIVE’s Market Performance
The stock of HIVE Digital Technologies Ltd (HIVE) has seen a -12.16% decrease in the past week, with a 21.04% rise in the past month, and a 49.72% gain in the past quarter. The volatility ratio for the week is 11.66%, and the volatility levels for the past 30 days are at 9.71% for HIVE. The simple moving average for the past 20 days is 10.33% for HIVE’s stock, with a 41.48% simple moving average for the past 200 days.
Analysts’ Opinion of HIVE
Many brokerage firms have already submitted their reports for HIVE stocks, with Cantor Fitzgerald repeating the rating for HIVE by listing it as a “Overweight.” The predicted price for HIVE in the upcoming period, according to Cantor Fitzgerald is $9 based on the research report published on October 29, 2024 of the current year 2024.
Northland Capital, on the other hand, stated in their research note that they expect to see HIVE reach a price target of $5.50. The rating they have provided for HIVE stocks is “Outperform” according to the report published on September 19th, 2024.
HIVE Trading at 28.86% 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 -19.66% of loss for the given period.
Volatility was left at 9.71%, however, over the last 30 days, the volatility rate increased by 11.66%, as shares surge +20.37% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +65.83% upper at present.
During the last 5 trading sessions, HIVE fell by -12.19%, which changed the moving average for the period of 200-days by +47.76% in comparison to the 20-day moving average, which settled at $4.18. In addition, HIVE Digital Technologies Ltd saw 1.80% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for HIVE
Current profitability levels for the company are sitting at:
- -0.09 for the present operating margin
- -0.02 for the gross margin
The net margin for HIVE Digital Technologies Ltd stands at -0.11. The total capital return value is set at -0.04. Equity return is now at value -7.36, with -5.87 for asset returns.
Based on HIVE Digital Technologies Ltd (HIVE), the company’s capital structure generated 0.07 points at debt to capital in total, while cash flow to debt ratio is standing at -0.79. The debt to equity ratio resting at 0.07. The interest coverage ratio of the stock is -3.35.
Currently, EBITDA for the company is 24.48 million with net debt to EBITDA at 0.48. When we switch over and look at the enterprise to sales, we see a ratio of 4.72. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.56.
Conclusion
To sum up, HIVE Digital Technologies Ltd (HIVE) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
