Analyzing HIVE Digital Technologies Ltd. (HIVE)’s quick and current ratios

HIVE Digital Technologies Ltd. (NASDAQ: HIVE) closed the day trading at $3.00 up 2.74% from the previous closing price of $2.92. In other words, the price has increased by $+0.0800 from its previous closing price. On the day, 628910 shares were traded. HIVE stock price reached its highest trading level at $3.0050 during the session, while it also had its lowest trading level at $2.9020.

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For a better understanding of HIVE, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.52 and its Current Ratio is at 2.52. In the meantime, Its Debt-to-Equity ratio is 0.26 whereas as Long-Term Debt/Eq ratio is at 0.17.

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 263.11M and an Enterprise Value of 288.46M. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.25 while its Price-to-Book (P/B) ratio in mrq is 2.10. Its current Enterprise Value per Revenue stands at 1.72 whereas that against EBITDA is -5.20.

Stock Price History:

The Beta on a monthly basis for HIVE is 3.58, which has changed by 50.00% over the last 52 weeks, in comparison to a change of 14.28% over the same period for the S&P500. Over the past 52 weeks, HIVE has reached a high of $6.84, while it has fallen to a 52-week low of $1.36. The 50-Day Moving Average of the stock is 3.0836, while the 200-Day Moving Average is calculated to be 3.5348.

Shares Statistics:

Over the past 3-months, HIVE traded about 1.12M shares per day on average, while over the past 10 days, HIVE traded about 1.16M shares per day. A total of 85.56M shares are outstanding, with a floating share count of 85.29M. Insiders hold about 0.32% of the company’s shares, while institutions hold 17.15% stake in the company. Shares short for HIVE as of Oct 30, 2023 were 3.92M with a Short Ratio of 3.92M, compared to 3.93M on Sep 28, 2023.

Earnings Estimates

Current recommendations for the stock of the company come from 2 analysts. On average, analysts expect EPS of -$0.23 for the current quarter, with a high estimate of -$0.17 and a low estimate of -$0.29, while EPS last year was -$0.45. The consensus estimate for the next quarter is -$0.18, with high estimates of -$0.14 and low estimates of -$0.22.

Analysts are recommending an EPS of between -$0.6 and -$0.9 for the fiscal current year, implying an average EPS of -$0.75. EPS for the following year is $0, with 0 analysts recommending between $0 and $0.

Revenue Estimates

2 analysts predict $23.53M in revenue for the current quarter. It ranges from a high estimate of $24.3M to a low estimate of $22.77M. As of the current estimate, HIVE Digital Technologies Ltd.’s year-ago sales were $28.6M, an estimated decrease of -17.70% from the year-ago figure. For the next quarter, 2 analysts are estimating revenue of $32.83M, an increase of 129.30% over than the figure of -$17.70% in the same quarter last year. There is a high estimate of $37.7M for the next quarter, whereas the lowest estimate is $27.96M.

A total of 2 analysts have provided revenue estimates for HIVE’s current fiscal year. The highest revenue estimate was $131.7M, while the lowest revenue estimate was $105.58M, resulting in an average revenue estimate of $118.64M. In the same quarter a year ago, actual revenue was $106.32M, up 11.60% from the average estimate.

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