HIVE Digital Technologies Ltd (NASDAQ: HIVE) has experienced a rise in its stock price by 7.12 compared to its previous closing price of 3.09. However, the company has seen a gain of 9.24% in its stock price over the last five trading days. proactiveinvestors.com reported 2025-01-04 that HIVE Digital Technologies (TSX-V:HIVE, NASDAQ:HIVE) executive chairman Frank Holmes joined Proactive to discuss the Bitcoin miner’s recent efficiency achievement of 6 exahash per second. Looking ahead to 2025, Hive aims to reach 15 exahash per second with in six months, targeting 2% of the global Bitcoin network hash rate.
Is It Worth Investing in HIVE Digital Technologies Ltd (NASDAQ: HIVE) Right Now?
The stock has a 36-month beta value of 4.03. Opinions on the stock are mixed, with 4 analysts rating it as a “buy,” 3 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for HIVE is 128.42M, and at present, short sellers hold a 4.23% of that float. On January 06, 2025, the average trading volume of HIVE was 6.75M shares.
HIVE’s Market Performance
HIVE’s stock has seen a 9.24% increase for the week, with a -18.67% drop in the past month and a 6.77% gain in the past quarter. The volatility ratio for the week is 7.76%, and the volatility levels for the past 30 days are at 8.15% for HIVE Digital Technologies Ltd. The simple moving average for the past 20 days is -5.12% for HIVE’s stock, with a 1.21% simple moving average for the past 200 days.
Analysts’ Opinion of HIVE
Many brokerage firms have already submitted their reports for HIVE stocks, with ROTH MKM repeating the rating for HIVE by listing it as a “Buy.” The predicted price for HIVE in the upcoming period, according to ROTH MKM is $7.50 based on the research report published on December 19, 2024 of the previous year 2024.
Cantor Fitzgerald, on the other hand, stated in their research note that they expect to see HIVE reach a price target of $9. The rating they have provided for HIVE stocks is “Overweight” according to the report published on October 29th, 2024.
Northland Capital gave a rating of “Outperform” to HIVE, setting the target price at $5.50 in the report published on September 19th of the previous year.
HIVE Trading at -14.67% 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 -40.25% of loss for the given period.
Volatility was left at 8.15%, however, over the last 30 days, the volatility rate increased by 7.76%, as shares sank -23.73% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -14.47% lower at present.
During the last 5 trading sessions, HIVE rose by +9.24%, which changed the moving average for the period of 200-days by +11.82% in comparison to the 20-day moving average, which settled at $3.49. In addition, HIVE Digital Technologies Ltd saw 16.14% 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 -3.36.
Currently, EBITDA for the company is 24.48 million with net debt to EBITDA at 0.37. When we switch over and look at the enterprise to sales, we see a ratio of 3.48. The receivables turnover for the company is 19.34for 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 5.56.
Conclusion
To sum up, HIVE Digital Technologies Ltd (HIVE) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing 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.
