HIVE Digital Technologies Ltd. (NASDAQ:HIVE) shares, rose in value, with the stock price up by 0.66% to the previous day’s close as strong demand from buyers drove the stock to $3.07.
Actively observing the price movement in the last trading, the stock closed the session at $3.05. Referring to stock’s 52-week performance, its high was $6.84, and the low was $2.54. On the whole, HIVE has fluctuated by -3.76% over the past month.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that HIVE’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of HIVE currently trading nearly 1.90% and -8.99% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 51.34, while the 7-day volatility ratio is showing 6.15% which for the 30-day chart, stands at 5.64%. Furthermore, HIVE Digital Technologies Ltd. (HIVE)’s beta value is 3.60, and its average true range (ATR) is 0.19.
A comparison of HIVE Digital Technologies Ltd. (HIVE) with its peers suggests the former has fared considerably weaker in the market. HIVE showed an intraday change of 0.66% in last session, and over the past year, it shrunk by -4.95%%.
Data on historical trading for HIVE Digital Technologies Ltd. (NASDAQ:HIVE) indicates that the trading volumes over the past 3 months, they’ve averaged 2.86 million. According to company’s latest data on outstanding shares, there are 104.60 million shares outstanding.
Nearly 0.49% of HIVE Digital Technologies Ltd.’s shares belong to company insiders and institutional investors own 20.26% of the company’s shares. The stock has fallen by -32.23% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the HIVE stock heading into the next quarter.
