In the past week, HIVE stock has gone up by 5.26%, with a monthly decline of -18.37% and a quarterly plunge of -7.25%. The volatility ratio for the week is 5.97%, and the volatility levels for the last 30 days are 7.27% for HIVE Digital Technologies Ltd. The simple moving average for the past 20 days is 3.40% for HIVE’s stock, with a -2.02% simple moving average for the past 200 days.
Is It Worth Investing in HIVE Digital Technologies Ltd (NASDAQ: HIVE) Right Now?
Company’s 36-month beta value is 4.04.Analysts have differing opinions on the stock, with 4 analysts rating it as a “buy,” 3 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for HIVE is 128.27M, and currently, short sellers hold a 3.08% ratio of that floaft. The average trading volume of HIVE on January 20, 2025 was 7.71M shares.
HIVE) stock’s latest price update
The stock of HIVE Digital Technologies Ltd (NASDAQ: HIVE) has increased by 1.59 when compared to last closing price of 3.15.Despite this, the company has seen a gain of 5.26% in its stock price over the last five trading days. investors.com reported 2025-01-10 that Crypto ETFs rallied as Bitcoin hit a $108,000 milestone in December but have fallen with the digital asset in 2025. The post Bitcoin ETF Outflows Gather Steam As Bitcoin Falls Near $90,000; Are Crypto ETFs A Sell Now?
Analysts’ Opinion of HIVE
ROTH MKM, on the other hand, stated in their research note that they expect to see HIVE reach a price target of $7.50. The rating they have provided for HIVE stocks is “Buy” according to the report published on December 19th, 2024.
Cantor Fitzgerald gave a rating of “Overweight” to HIVE, setting the target price at $9 in the report published on October 29th of the previous year.
HIVE Trading at -14.70% 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 -42.24% of loss for the given period.
Volatility was left at 7.27%, however, over the last 30 days, the volatility rate increased by 5.97%, as shares sank -16.67% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.60% lower at present.
During the last 5 trading sessions, HIVE rose by +5.26%, which changed the moving average for the period of 200-days by unch in comparison to the 20-day moving average, which settled at $3.09. In addition, HIVE Digital Technologies Ltd saw 12.28% 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 0.09 points at debt to capital in total, while cash flow to debt ratio is standing at -0.57. The debt to equity ratio resting at 0.1. 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 3.37. 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
In a nutshell, HIVE Digital Technologies Ltd (HIVE) has experienced a mixed performance in recent times. The stock has received mixed “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.
