What Do Analysts Think Will Happen To HIVE Digital Technologies Ltd. (NASDAQ: HIVE)

The trading price of HIVE Digital Technologies Ltd. (NASDAQ:HIVE) floating higher at last check on Tuesday, May 15, closing at $2.39, 3.06% higher than its previous close.

In examining the 52-week price action we see that the stock hit a 52-week high of $6.84 and a 52-week low of $2.18. Over the past month, the stock has lost -10.12% in value.

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HIVE Digital Technologies Ltd., whose market valuation is $250.09 million at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -0.14 per share this quarter, however they have predicted annual earnings per share of -0.58 for current year and -0.62 for next year.

Analysts have forecast the company to bring in revenue of 34.68M for the current quarter, with the likely lows of 29.5M and highs of 42.8M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 112.17M.

On the technical side, indicators suggest HIVE has a 100% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.

A quick review shows that HIVE’s price is currently -8.52% off the SMA20 and -18.24% off the SMA50. The RSI metric on the 14-day chart is currently showing 36.39, and weekly volatility stands at 5.46%. When measured over the past 30 days, the indicator reaches 6.32%. HIVE Digital Technologies Ltd. (NASDAQ:HIVE)’s beta value is currently sitting at 3.76, while the Average True Range indicator is currently displaying 0.16.

To see how HIVE Digital Technologies Ltd. stock has been performing today in comparison to its peers in the industry, here are the numbers: HIVE stock’s performance was 3.06% at last check in today’s session, and -16.69% in the past year.

An evaluation of the daily trading volume of HIVE Digital Technologies Ltd. (NASDAQ:HIVE) indicates that the 3-month average is 2.65 million.

Currently, records show that 104.60 million of the company’s shares remain outstanding. The insiders hold 0.49% of outstanding shares, whereas institutions hold 34.43%. However, since the stock’s price has seen -47.22% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.

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