HIVE Digital Technologies Ltd [NASDAQ: HIVE] traded at a low on Thursday, posting a -0.69 loss after which it closed the day’ session at $4.29.
The results of the trading session contributed to over 6529733 shares changing hands. Over the past one week, the price volatility of HIVE Digital Technologies Ltd stands at 11.04% while the volatility over the past one month is 9.36%.
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The market cap for HIVE stock reached $768.87 million, with 129.04 million shares outstanding and 128.48 million shares in the current float. Compared to the average trading volume of 4.03M shares, HIVE reached a trading volume of 6529733 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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 $7.67 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.
Cantor Fitzgerald have made an estimate for HIVE Digital Technologies Ltd shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on October 29, 2024. While these analysts kept the previous recommendation, Northland Capital raised their target price to Outperform. The new note on the price target was released on September 19, 2024, representing the official price target for HIVE Digital Technologies Ltd stock.
The Average True Range (ATR) for HIVE Digital Technologies Ltd is set at 0.40, with the Price to Sales ratio for HIVE stock in the period of the last 12 months amounting to 6.25. The Price to Book ratio for the last quarter was 1.82, with the Price to Cash per share for the same quarter was set at 1.10.
How has HIVE stock performed recently?
HIVE Digital Technologies Ltd [HIVE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -18.13. With this latest performance, HIVE shares gained by 12.01% in over the last four-week period, additionally plugging by 66.28% over the last 6 months – not to mention a rise of 43.00% 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 53.73, with the RSI for the last a single of trading hit 50.70, and the three-weeks RSI is set at 54.88 for HIVE Digital Technologies Ltd [HIVE]. The present Moving Average for the last 50 days of trading for this stock 3.60, while it was recorded at 4.40 for the last single week of trading, and 3.26 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 5.56 and a Current Ratio set at 5.56.
Insider trade positions for HIVE Digital Technologies Ltd [HIVE]
There are presently around $24.21%, or 24.32%% of HIVE stock, in the hands of institutional investors.
