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After finishing at $2.49 in the prior trading day, HIVE Digital Technologies Ltd. (NASDAQ: HIVE) closed at $2.44, down -2.01%. In other words, the price has decreased by -$2.01 from its previous closing price. On the day, 2.82 million shares were traded. HIVE stock price reached its highest trading level at $2.575 during the session, while it also had its lowest trading level at $2.41.
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 3.51 and its Current Ratio is at 3.51. In the meantime, Its Debt-to-Equity ratio is 0.18 whereas as Long-Term Debt/Eq ratio is at 0.11.
On March 25, 2022, Stifel started tracking the stock assigning a Buy rating and target price of $3.75.Stifel initiated its Buy rating on March 25, 2022, with a $3.75 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 226152384 and an Enterprise Value of 253428304. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.66 while its Price-to-Book (P/B) ratio in mrq is 1.25. Its current Enterprise Value per Revenue stands at 2.645 whereas that against EBITDA is 7.987.
Stock Price History:
The Beta on a monthly basis for HIVE is 3.81, which has changed by -0.18892509 over the last 52 weeks, in comparison to a change of 0.22379243 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 $2.41. The 50-Day Moving Average of the stock is -23.37%, while the 200-Day Moving Average is calculated to be -31.31%.
Shares Statistics:
The stock has traded on average 2.82M shares per day over the past 3-months and 2112380 shares per day over the last 10 days, according to various share statistics. A total of 104.60M shares are outstanding, with a floating share count of 104.09M. Insiders hold about 0.49% of the company’s shares, while institutions hold 25.86% stake in the company. Shares short for HIVE as of 1713139200 were 5742052 with a Short Ratio of 2.03, compared to 1710460800 on 6077403.
Earnings Estimates
Investors are keenly observing as 2.0 analysts analyze and rate the current performance of HIVE Digital Technologies Ltd. (HIVE) in the stock market.On average, analysts expect EPS of -$0.14 for the current quarter, with a high estimate of -$0.13 and a low estimate of -$0.16, while EPS last year was -$0.16. The consensus estimate for the next quarter is -$0.25, with high estimates of -$0.25 and low estimates of -$0.25.
Analysts are recommending an EPS of between -$0.41 and -$0.72 for the fiscal current year, implying an average EPS of -$0.58. EPS for the following year is -$0.62, with 3.0 analysts recommending between -$0.22 and -$0.91.
Revenue Estimates
3 analysts predict $34.68M in revenue for the current quarter. It ranges from a high estimate of $42.8M to a low estimate of $29.5M. As of the current estimate, HIVE Digital Technologies Ltd.’s year-ago sales were $18.22MFor the next quarter, 3 analysts are estimating revenue of $24.1M. There is a high estimate of $27.8M for the next quarter, whereas the lowest estimate is $20.4M.
A total of 3 analysts have provided revenue estimates for HIVE’s current fiscal year. The highest revenue estimate was $120.3M, while the lowest revenue estimate was $107.1M, resulting in an average revenue estimate of $112.17M. In the same quarter a year ago, actual revenue was $106.32MBased on 3 analysts’ estimates, the company’s revenue will be $120.36M in the next fiscal year. The high estimate is $149.1M and the low estimate is $97M.
