HIVE Digital Technologies Ltd (NASDAQ: HIVE): Stock That Needs Special Handling

Currently, there are 129.04M common shares owned by the public and among those 128.36M shares have been available to trade.

The company’s stock has a 5-day price change of -14.69% and 18.06% over the past three months. HIVE shares are trading -19.21% year to date (YTD), with the 12-month market performance up to 26.64% higher. It has a 12-month low price of $2.18 and touched a high of $5.74 over the same period. HIVE has an average intraday trading volume of 4.33 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 -12.98%, -0.94%, and 11.64% respectively.

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Institutional ownership of HIVE Digital Technologies Ltd (NASDAQ: HIVE) shares accounts for 23.27% of the company’s 129.04M shares outstanding.

It has a market capitalization of $472.29M and a beta (3y monthly) value of 3.88. The earnings-per-share (ttm) stands at -$0.15. Price movements for the stock have been influenced by the stock’s volatility, which stands at 10.45% over the week and 10.00% over the month.

Earnings per share for the fiscal year are expected to increase by 56.84%, and 107.32% over the next financial year.

Looking at the support for the HIVE, a number of firms have released research notes about the stock. Cantor Fitzgerald stated their Overweight rating for the stock in a research note on October 29, 2024, with the firm’s price target at $9. Northland Capital coverage for the HIVE Digital Technologies Ltd (HIVE) stock in a research note released on September 19, 2024 offered a Outperform rating with a price target of $5.50. H.C. Wainwright was of a view on August 15, 2024 that the stock is Buy, while B. Riley Securities gave the stock Buy rating on July 19, 2024, issuing a price target of $6. H.C. Wainwright on their part issued Neutral rating on November 20, 2023.

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