HIVE Digital Technologies Ltd. (NASDAQ:HIVE) price closed lower on Friday, April 12, dropping -5.00% below its previous close.
A look at the daily price movement shows that the last close reads $3.00. Taking into account the 52-week price action we note that the stock hit a 52-week high of $6.84 and 52-week low of $2.75. The stock subtracted -8.95% on its value in the past month.
HIVE Digital Technologies Ltd., which has a market valuation of $298.11 million. Analysts tracking HIVE have forecast the quarterly EPS to shrink by -0.14 per share this quarter, while the same analysts predict the annual EPS to hit -$0.58 for the year 2024 and up to -$0.62 for 2025. In this case, analysts estimate an annual EPS growth of 79.60% for the year and -6.90% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit $34.68 million, with the likely lows of $29.5 million and highs of $42.8 million. The average estimate suggests sales growth for the quarter will likely rise by 90.30% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $112.17 million for the company’s annual revenue in 2024. Per this projection, the revenue is forecast to grow 5.50% above that which the company brought in 2024.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with — upward and — downward reviews. On the technical perspective front, indicators give HIVE a short term outlook of 100% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.
The overview shows that HIVE’s price is at present -9.08% off the SMA20 and -17.31% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 34.51, with weekly volatility standing at 5.36%. The indicator jumps to 5.67% when calculated based on the past 30 days. HIVE Digital Technologies Ltd. (NASDAQ:HIVE)’s beta value is holding at 3.61, while the average true range (ATR) indicator is currently reading 0.20. An analysis of the HIVE Digital Technologies Ltd. (NASDAQ:HIVE) stock in terms of its daily trading volume indicates that the 3-month average is 2.87 million.
Current records show that the company has 104.60M in outstanding shares. The insiders’ percentage holdings are 0.49% of outstanding shares while the percentage share held by institutions stands at 20.25%. But the -37.09% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
