Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
After finishing at $3.09 in the prior trading day, HIVE Digital Technologies Ltd (NASDAQ: HIVE) closed at $2.78, down -10.03%. In other words, the price has decreased by -$10.03 from its previous closing price. On the day, 16.94 million shares were traded. HIVE stock price reached its highest trading level at $2.95 during the session, while it also had its lowest trading level at $2.68.
Ratios:
Our goal is to gain a better understanding of HIVE by taking a closer look at its different ratios. 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.
On December 19, 2024, ROTH MKM started tracking the stock assigning a Buy rating and target price of $7.50.
On October 29, 2024, Cantor Fitzgerald started tracking the stock assigning a Overweight rating and target price of $9.Cantor Fitzgerald initiated its Overweight rating on October 29, 2024, with a $9 target price.
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 358736768 and an Enterprise Value of 362619328. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.92 while its Price-to-Book (P/B) ratio in mrq is 1.18. Its current Enterprise Value per Revenue stands at 2.948 whereas that against EBITDA is 13.653.
Stock Price History:
The Beta on a monthly basis for HIVE is 4.02, which has changed by -0.08849555 over the last 52 weeks, in comparison to a change of 0.23883796 over the same period for the S&P500. Over the past 52 weeks, HIVE has reached a high of $5.54, while it has fallen to a 52-week low of $2.18. The 50-Day Moving Average of the stock is -23.08%, while the 200-Day Moving Average is calculated to be -14.80%.
Shares Statistics:
The stock has traded on average 8.27M shares per day over the past 3-months and 9551930 shares per day over the last 10 days, according to various share statistics. A total of 129.04M shares are outstanding, with a floating share count of 128.27M. Insiders hold about 0.60% of the company’s shares, while institutions hold 23.51% stake in the company. Shares short for HIVE as of 1735603200 were 3955895 with a Short Ratio of 0.48, compared to 1732838400 on 3756319.
