HIVE Digital Technologies Ltd. (NASDAQ:HIVE) traded at $3.05 at close of the session on Friday, April 26, made a downward move of -0.65% on its previous day’s price.
Looking at the stock we see that its previous close was $3.07 . In terms of its 52-week price range, HIVE has a high of $6.84 and a low of $2.54. The company’s stock has lost about -5.86% over that past 30 days.
HIVE Digital Technologies Ltd. has a market cap of $319.03 million. Estimates by analysts give the company expected earnings per share (EPS) of -$0.14, with the EPS growth for the year raised at -$0.58 for 2024 and -$0.62 for next year. These figures represent 79.60% and -6.90% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $34.68 million, with a low of $29.5 million and a high of $42.8 million. The median projection represents growth squeezing down to 90.30% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $112.17 million, or 5.50% up from figures reported last year.
On the other hand, looking at the outlook for the HIVE stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Looking further, we note the current price level is 1.66% off its SMA20 and -8.86% from its 50-day simple moving average. The RSI (14) is pointing at 50.42 while the volatility over the past week is 6.07% and jumps to 5.54% over the past one month. The beta value is 3.61, while the average true range (ATR) is currently pointing at 0.18.
Coming back to HIVE Digital Technologies Ltd. (NASDAQ:HIVE), we note that the average 3-month trading volume was 2.82 million. Current shares outstanding are 104.60 million.
The insiders hold 0.49% of the company’s shares while institutions hold 20.26%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -32.67% down in year-to-date price movement.
