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.
As of close of business last night, HIVE Digital Technologies Ltd.’s stock clocked out at $3.07, up 0.66% from its previous closing price of $3.05. In other words, the price has increased by $0.66 from its previous closing price. On the day, 2.66 million shares were traded. HIVE stock price reached its highest trading level at $3.17 during the session, while it also had its lowest trading level at $3.015.
Ratios:
To gain a deeper understanding of HIVE’s stock, we examine 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 284109472 and an Enterprise Value of 316758368. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.35 while its Price-to-Book (P/B) ratio in mrq is 1.58. Its current Enterprise Value per Revenue stands at 3.306 whereas that against EBITDA is 9.982.
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 $2.54. The 50-Day Moving Average of the stock is -8.99%, while the 200-Day Moving Average is calculated to be -16.11%.
Shares Statistics:
It appears that HIVE traded 2.86M shares on average per day over the past three months and 2408870 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 20.26% stake in the company. Shares short for HIVE as of 1711584000 were 6035270 with a Short Ratio of 2.11, compared to 1709164800 on 6513163.
