These Numbers Could Change Investor Views For HIVE Digital Technologies Ltd. (NASDAQ: HIVE)

With over 12.85 million HIVE Digital Technologies Ltd. (HIVE) shares trading Friday and a closing price of $4.53 on the day, the dollar volume was approximately $58.21 million. The shares have shown a negative half year performance of -2.16% and its price on 12/29/23 lost nearly -15.17%. Currently, there are 87.63M common shares owned by the public and among those 87.36M shares have been available to trade.

Insiders at the company have transacted a total of 31 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 11 of these insider trades were purchases, accounting for 430,500 shares. Insider sales of the common stock occurred on 20 occasions, with total insider shares sold totaling 1,332,985 shares.

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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 4.2 million shares of the company’s stock, all valued at over $12.89 million. The company bought an additional 0.17 million shares recently to bring their total holdings to about 4.79% of the shares outstanding. SPDR S&P Kensho New Economies Com now owns shares totaling to 1.52% of the shares outstanding.

Shares of HIVE Digital Technologies Ltd. (NASDAQ: HIVE) opened at $5.36, up $0.02 from a prior closing price of $5.34. However, the script later moved the day high at 5.6600, down -15.17%. The company’s stock has a 5-day price change of -7.55% and 47.08% over the past three months. HIVE shares are trading 214.58% year to date (YTD), with the 12-month market performance up to 202.00% 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 2.59 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 10.35%, 29.97%, and 24.76% respectively.

Institutional ownership of HIVE Digital Technologies Ltd. (NASDAQ: HIVE) shares accounts for 16.92% 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 $396.96M and a beta (3y monthly) value of 3.72. 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 13.46% over the week and 11.62% 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.”

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