HIVE Digital Technologies Ltd. [NASDAQ: HIVE] jumped around 0.02 points on Monday, while shares priced at $3.83 at the close of the session, up 0.52%.
Compared to the average trading volume of 3.44M shares, HIVE reached a trading volume of 5670012 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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What do top market gurus say about HIVE Digital Technologies Ltd. [HIVE]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HIVE shares is $5.62 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on HIVE stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Northland Capital have made an estimate for HIVE Digital Technologies Ltd. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on September 19, 2024. The new note on the price target was released on August 15, 2024, representing the official price target for HIVE Digital Technologies Ltd. stock. Previously, the target price had yet another raise to $6, while B. Riley Securities analysts kept a Buy rating on HIVE stock.
The Average True Range (ATR) for HIVE Digital Technologies Ltd. is set at 0.23, with the Price to Sales ratio for HIVE stock in the period of the last 12 months amounting to 3.69. The Price to Book ratio for the last quarter was 1.64, with the Price to Cash per share for the same quarter was set at 1.64.
How has HIVE stock performed recently?
HIVE Digital Technologies Ltd. [HIVE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 14.33. With this latest performance, HIVE shares gained by 23.15% in over the last four-week period, additionally plugging by 30.27% over the last 6 months – not to mention a rise of 30.27% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for HIVE stock in for the last two-week period is set at 66.48, with the RSI for the last a single of trading hit 72.41, and the three-weeks RSI is set at 62.07 for HIVE Digital Technologies Ltd. [HIVE]. The present Moving Average for the last 50 days of trading for this stock 3.12, while it was recorded at 3.54 for the last single week of trading, and 3.19 for the last 200 days.
HIVE Digital Technologies Ltd. [HIVE]: Deeper insight into the fundamentals
HIVE Digital Technologies Ltd.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 7.35 and a Current Ratio set at 7.35.
Insider trade positions for HIVE Digital Technologies Ltd. [HIVE]
There are presently around $26.07%, or 26.18%% of HIVE stock, in the hands of institutional investors.
