Technical Outlook And Game Plan For HIVE Digital Technologies Ltd. (NASDAQ: HIVE)

HIVE Digital Technologies Ltd. (HIVE) concluded trading on Thursday at a closing price of $3.11, with 3.0 million shares of worth about $9.33 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -3.12% during that period and on September 19, 2024 the price saw a gain of about 4.01%. Currently the company’s common shares owned by public are about 118.69M shares, out of which, 118.17M shares are available for trading.

Stock saw a price change of 2.98% in past 5 days and over the past one month there was a price change of 0.97%. Year-to-date (YTD), HIVE shares are showing a performance of -31.35% which decreased to -2.20% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.18 but also hit the highest price of $5.74 during that period. The average intraday trading volume for HIVE Digital Technologies Ltd. shares is 4.04 million. The stock is currently trading 1.68% above its 20-day simple moving average (SMA20), while that difference is down -4.80% for SMA50 and it goes to -5.86% lower than SMA200.

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HIVE Digital Technologies Ltd. (NASDAQ: HIVE) currently have 118.69M outstanding shares and institutions hold larger chunk of about 24.86% of that.

The stock has a current market capitalization of $369.13M and its 3Y-monthly beta is at 3.88. It has posted earnings per share of -$0.37 in the same period. It has Quick Ratio of 7.35 while making debt-to-equity ratio of 0.10. 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 5.95% while standing at 7.74% over the month.

Stock’s fiscal year EPS is expected to rise by 62.72% while it is estimated to increase by 114.12% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Northland Capital on Sep-20-24 offering an Outperform rating for the stock and assigned a target price of $5.50 to it. Stock get a Buy rating from H.C. Wainwright on January 31, 2023.

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