Daily Market Movement: HIVE Digital Technologies Ltd. (HIVE) Sees a -8.33 Decrease, Closing at 3.08

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The closing price of HIVE Digital Technologies Ltd. (NASDAQ: HIVE) was $3.08 for the day, down -8.33% from the previous closing price of $3.36. In other words, the price has decreased by -$8.33 from its previous closing price. On the day, 9.38 million shares were traded. HIVE stock price reached its highest trading level at $3.23 during the session, while it also had its lowest trading level at $3.0.

Ratios:

Our analysis of HIVE’s different ratios will help us gain a deeper understanding of the company. 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 285187040 and an Enterprise Value of 317763584. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.36 while its Price-to-Book (P/B) ratio in mrq is 1.58. Its current Enterprise Value per Revenue stands at 3.317 whereas that against EBITDA is 10.014.

Stock Price History:

Over the past 52 weeks, HIVE has reached a high of $6.84, while it has fallen to a 52-week low of $2.18. The 50-Day Moving Average of the stock is 13.31%, while the 200-Day Moving Average is calculated to be -5.38%.

Shares Statistics:

HIVE traded an average of 2.73M shares per day over the past three months and 5896040 shares per day over the past ten days. 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 32.79% stake in the company. Shares short for HIVE as of 1715731200 were 4262261 with a Short Ratio of 1.56, compared to 1713139200 on 5742052.

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