With over 5.05 million HIVE Digital Technologies Ltd. (HIVE) shares trading Tuesday and a closing price of $3.98 on the day, the dollar volume was approximately $20.12 million. The shares have shown a positive half year performance of 28.39% and its price on 12/05/23 gained nearly 3.92%. Currently, there are 87.63M common shares owned by the public and among those 87.35M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 3 analysts who have offered their price forecasts for HIVE have a consensus price objective of $5.33. The analysts have set the share’s price value over the next 12 months at a high of $6.50 and a low of $3.50. The average price target is 25.33% above its recent price level and a downside to the estimated low will see the stock lose -13.71% over that period. But an upside of 38.77% will see the stock hit the forecast high price target while median target price for the stock is $6.00.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Insiders at the company have transacted a total of 38 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 16 of these insider trades were purchases, accounting for 487,566 shares. Insider sales of the common stock occurred on 22 occasions, with total insider shares sold totaling 2,124,651 shares.
The top 3 mutual fund holders in HIVE Digital Technologies Ltd. are Amplify Transformational Data Sha, Invesco Mkts. II Plc – CoinShares, and SPDR S&P Kensho New Economies Com. Amplify Transformational Data Sha owns 3.48 million shares of the company’s stock, all valued at over $10.64 million. SPDR S&P Kensho New Economies Com sold 1300.0 shares to bring its total holdings to over 1.33 million shares at a value of $4.08 million. SPDR S&P Kensho New Economies Com now owns shares totaling to 1.56% of the shares outstanding.
However, the script later moved the day high at 4.2050, up 3.92%. The company’s stock has a 5-day price change of 26.35% and 16.37% over the past three months. HIVE shares are trading 176.39% year to date (YTD), with the 12-month market performance up to 80.09% higher. It has a 12-month low price of $1.36 and touched a high of $6.84 over the same period. HIVE has an average intraday trading volume of 1.20 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 28.18%, 29.26%, and 13.38% respectively.
Institutional ownership of HIVE Digital Technologies Ltd. (NASDAQ: HIVE) shares accounts for 16.90% of the company’s 87.63M shares outstanding. Mutual fund holders own –, while other institutional holders and individual stakeholders account for — and — respectively.
It has a market capitalization of $348.77M and a beta (3y monthly) value of 3.59. The earnings-per-share (ttm) stands at -$1.65. Price movements for the stock have been influenced by the stock’s volatility, which stands at 8.53% over the week and 7.28% over the month.
Analysts forecast that HIVE Digital Technologies Ltd. (HIVE) will achieve an EPS of -$0.23 for the current quarter, -$0.19 for the next quarter and -$0.96 for 2025. The lowest estimate earnings-per-share for the quarter is -$0.24 while analysts give the company a high EPS estimate of -$0.22. Comparatively, EPS for the current quarter was -$1.09 a year ago. Earnings per share for the fiscal year are expected to increase by 67.73%, and -5.49% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 3 brokerage firm advisors rate HIVE Digital Technologies Ltd. (HIVE) as a “Strong Buy” at a consensus score of 1.67. Specifically, 2 Wall Street analysts polled rate the stock as a buy, while 1 of the 3 advise that investors “hold,” and 0 rated it as a “Sell.”
