In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
The closing price of HIVE Digital Technologies Ltd (NASDAQ: HIVE) was $3.94 for the day, down -2.48% from the previous closing price of $4.04. In other words, the price has decreased by -$2.48 from its previous closing price. On the day, 6.27 million shares were traded. HIVE stock price reached its highest trading level at $4.0707 during the session, while it also had its lowest trading level at $3.88.
Ratios:
Our analysis of HIVE’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 5.56 and its Current Ratio is at 5.56. In the meantime, Its Debt-to-Equity ratio is 0.10 whereas as Long-Term Debt/Eq ratio is at 0.06.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Cantor Fitzgerald on October 29, 2024, initiated with a Overweight rating and assigned the stock a target price of $9.
On September 19, 2024, Northland Capital started tracking the stock assigning a Outperform rating and target price of $5.50.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, HIVE now has a Market Capitalization of 520753760 and an Enterprise Value of 463423936. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.13 while its Price-to-Book (P/B) ratio in mrq is 1.67. Its current Enterprise Value per Revenue stands at 3.767 whereas that against EBITDA is 17.448.
Stock Price History:
Over the past 52 weeks, HIVE has reached a high of $5.74, while it has fallen to a 52-week low of $2.18. The 50-Day Moving Average of the stock is 2.11%, while the 200-Day Moving Average is calculated to be 20.24%.
Shares Statistics:
HIVE traded an average of 5.20M shares per day over the past three months and 8401640 shares per day over the past ten days. A total of 129.04M shares are outstanding, with a floating share count of 128.36M. Insiders hold about 0.53% of the company’s shares, while institutions hold 23.29% stake in the company. Shares short for HIVE as of 1732838400 were 3756319 with a Short Ratio of 1.04, compared to 1730332800 on 4306198.
