Better Times Ahead For HIVE Digital Technologies Ltd. (NASDAQ: HIVE)?

HIVE Digital Technologies Ltd. (HIVE) concluded trading on 12/14/23 at a closing price of $3.59, with 5.28 million shares of worth about $18.94 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 14.33% during that period and on Thursday the price saw a loss of about -3.49%. Currently the company’s common shares owned by public are about 87.63M shares, out of which, 87.36M shares are available for trading.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 35 times over the past 12 months. They bought 441,900 shares in 14 of the transactions. In 21 selling transactions, insiders dumped 2,082,985 shares.

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Amplify Transformational Data Sha, Invesco Mkts. II Plc – CoinShares, and SPDR S&P Kensho New Economies Com are the top 3 mutual funds which are holding stakes in HIVE Digital Technologies Ltd. Amplify Transformational Data Sha is currently holding 3.48 million shares of worth totaling $10.64 million. The company recently came buying 0.0 shares which brought its stake up to 4.07% of the company’s outstanding shares. SPDR S&P Kensho New Economies Com, after selling 1.33 million shares, have now control over 1.56% of the stake in the company. It holds 1300.0 shares of worth $4.08 million.

However, the stock later moved at a day high price of 3.8800, or with a loss of -3.49%. Stock saw a price change of -8.42% in past 5 days and over the past one month there was a price change of 25.96%. Year-to-date (YTD), HIVE shares are showing a performance of 149.31% which increased to 88.95% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.36 but also hit the highest price of $6.84 during that period. The average intraday trading volume for HIVE Digital Technologies Ltd. shares is 1.45 million. The stock is currently trading 7.79% above its 20-day simple moving average (SMA20), while that difference is up 12.69% for SMA50 and it goes to 1.47% higher than SMA200.

HIVE Digital Technologies Ltd. (NASDAQ: HIVE) currently have 87.63M outstanding shares and institutions hold larger chunk of about 16.92% of that. Holding of mutual funds in the company is about — while other institutional holders and individual stake holders have control over — and — of the stake respectively.

The stock has a current market capitalization of $314.59M and its 3Y-monthly beta is at 3.61. It has posted earnings per share of -$1.65 in the same period. It has Quick Ratio of 2.52 while making debt-to-equity ratio of 0.26. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for HIVE, volatility over the week remained 10.86% while standing at 8.13% over the month.

Analysts are in expectations that HIVE Digital Technologies Ltd. (HIVE) stock would likely to be making an EPS of -$0.23 in the current quarter, while forecast for next quarter EPS is -$0.19 and it is -$0.96 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.24 which is -$0.22 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$1.09 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 67.73% while it is estimated to decrease by -5.49% in next year.

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