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After finishing at $3.19 in the prior trading day, HIVE Digital Technologies Ltd. (NASDAQ: HIVE) closed at $3.12, down -2.19%. In other words, the price has decreased by -$2.19 from its previous closing price. On the day, 1.34 million shares were traded. HIVE stock price reached its highest trading level at $3.255 during the session, while it also had its lowest trading level at $3.09.
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 7.35 and its Current Ratio is at 7.35. In the meantime, Its Debt-to-Equity ratio is 0.10 whereas as Long-Term Debt/Eq ratio is at 0.06.
On July 19, 2024, B. Riley Securities started tracking the stock assigning a Buy rating and target price of $6.
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 371255040 and an Enterprise Value of 357781920. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.01 while its Price-to-Book (P/B) ratio in mrq is 1.34. Its current Enterprise Value per Revenue stands at 2.905 whereas that against EBITDA is 14.836.
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 -6.49%, while the 200-Day Moving Average is calculated to be -5.66%.
Shares Statistics:
The stock has traded on average 4.26M shares per day over the past 3-months and 2712180 shares per day over the last 10 days, according to various share statistics. A total of 118.69M shares are outstanding, with a floating share count of 118.10M. Insiders hold about 0.49% of the company’s shares, while institutions hold 24.76% stake in the company. Shares short for HIVE as of 1723680000 were 4738349 with a Short Ratio of 1.11, compared to 1721001600 on 6190268.
