HIVE Digital Technologies Ltd [NASDAQ: HIVE] stock went on an upward path that rose over 1.59% on Friday, amounting to a one-week price increase of more than 5.26%.
Over the last 12 months, HIVE stock dropped by -6.98%. The one-year HIVE Digital Technologies Ltd stock forecast points to a potential upside of 60.3. The average equity rating for HIVE stock is currently 1.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $412.93 million, with 129.04 million shares outstanding and 128.27 million shares in the current float. Compared to the average trading volume of 7.71M shares, HIVE stock reached a trading volume of 13366582 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $8.06 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.
Keefe Bruyette have made an estimate for HIVE Digital Technologies Ltd shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on January 08, 2025. While these analysts kept the previous recommendation, ROTH MKM raised their target price to Buy. The new note on the price target was released on December 19, 2024, representing the official price target for HIVE Digital Technologies Ltd stock. Previously, the target price had yet another raise to $9, while Cantor Fitzgerald analysts kept a Overweight rating on HIVE stock.
The Average True Range (ATR) for HIVE Digital Technologies Ltd is set at 0.26, with the Price to Sales ratio for HIVE stock in the period of the last 12 months amounting to 3.36. The Price to Book ratio for the last quarter was 1.36, with the Price to Cash per share for the same quarter was set at 1.53.
HIVE Stock Performance Analysis:
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 5.26. With this latest performance, HIVE shares dropped by -18.37% in over the last four-week period, additionally sinking by -12.57% over the last 6 months – not to mention a drop of -6.98% 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 46.74, with the RSI for the last a single of trading hit 51.08, and the three-weeks RSI is set at 45.94 for HIVE Digital Technologies Ltd [HIVE]. The present Moving Average for the last 50 days of trading for this stock 3.75, while it was recorded at 3.06 for the last single week of trading, and 3.27 for the last 200 days.
Insight into HIVE Digital Technologies Ltd 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.
HIVE Digital Technologies Ltd [HIVE] Institutonal Ownership Details
There are presently around $23.27%, or 23.37%% of HIVE stock, in the hands of institutional investors.
