Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
HIVE Digital Technologies Ltd. (NASDAQ: HIVE) closed the day trading at $2.83 down -7.21% from the previous closing price of $3.05. In other words, the price has decreased by -$7.21 from its previous closing price. On the day, 2.1 million shares were traded. HIVE stock price reached its highest trading level at $3.03 during the session, while it also had its lowest trading level at $2.78.
Ratios:
For a better understanding of HIVE, let’s 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 281172672 and an Enterprise Value of 292632608. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.09 while its Price-to-Book (P/B) ratio in mrq is 1.45. Its current Enterprise Value per Revenue stands at 3.054 whereas that against EBITDA is 9.222.
Stock Price History:
The Beta on a monthly basis for HIVE is 3.61, which has changed by -0.09584665 over the last 52 weeks, in comparison to a change of 0.24191546 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 $2.54. The 50-Day Moving Average of the stock is -14.78%, while the 200-Day Moving Average is calculated to be -21.82%.
Shares Statistics:
Over the past 3-months, HIVE traded about 2.82M shares per day on average, while over the past 10 days, HIVE traded about 2263460 shares per day. 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 20.26% stake in the company. Shares short for HIVE as of 1713139200 were 5742052 with a Short Ratio of 2.04, compared to 1710460800 on 6077403.
Earnings Estimates
The market rating of HIVE Digital Technologies Ltd. (HIVE) is currently shaped by the ongoing analysis conducted by 2.0 analysts closely monitoring its performance.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.
