The stock of HIVE Digital Technologies Ltd (NASDAQ: HIVE) has decreased by -4.87 when compared to last closing price of 3.08.Despite this, the company has seen a loss of -5.18% in its stock price over the last five trading days. newsfilecorp.com reported 2025-01-29 that San Antonio, Texas–(Newsfile Corp. – January 29, 2025) – HIVE Digital Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0) (referred to as the “Company” or “HIVE”), a global leader in sustainable data center infrastructure, today announced it will release its financial results for the quarter ended December 31, 2024, on Tuesday, February 11, 2025 after market close, followed by an earnings conference call and webcast on Wednesday, February 12, 2025 at 8:30 AM EST.
Is It Worth Investing in HIVE Digital Technologies Ltd (NASDAQ: HIVE) Right Now?
HIVE has 36-month beta value of 4.03. Analysts have mixed views 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 3.31% ratio of that float. The average trading volume of HIVE on February 03, 2025 was 8.75M shares.
HIVE’s Market Performance
HIVE stock saw an increase of -5.18% in the past week, with a monthly gain of 0.51% and a quarterly increase of -31.54%. The volatility ratio for the week is 8.13%, and the volatility levels for the last 30 days are 7.13% for HIVE Digital Technologies Ltd (HIVE). The simple moving average for the last 20 days is -4.37% for HIVE’s stock, with a simple moving average of -10.22% for the last 200 days.
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 -15.67% 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 -47.11% of loss for the given period.
Volatility was left at 7.13%, however, over the last 30 days, the volatility rate increased by 8.13%, as shares surge +2.81% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -33.86% lower at present.
During the last 5 trading sessions, HIVE fell by -5.18%, which changed the moving average for the period of 200-days by +9.53% in comparison to the 20-day moving average, which settled at $3.06. In addition, HIVE Digital Technologies Ltd saw 2.81% 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 3.1. 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 put it simply, HIVE Digital Technologies Ltd (HIVE) has had a mixed performance in recent times. Analysts have a bullish 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.
