The price of HIVE Digital Technologies Ltd. (NASDAQ: HIVE) closed at $3.20 in the last session, down -4.48% from day before closing price of $3.35. In other words, the price has decreased by -$0.1500 from its previous closing price. On the day, 2298953 shares were traded.
Ratios:
We take a closer look at HIVE’s different ratios to gain a better understanding of the stock. 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 297.69M and an Enterprise Value of 305.84M. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.49 while its Price-to-Book (P/B) ratio in mrq is 1.64. Its current Enterprise Value per Revenue stands at 2.53 whereas that against EBITDA is 10.51.
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 $2.75. The 50-Day Moving Average of the stock is 3.4584, while the 200-Day Moving Average is calculated to be 3.7636.
Shares Statistics:
According to the various share statistics, HIVE traded on average about 3.25M shares per day over the past 3-months and 2.77M shares per day over the past 10 days. A total of 104.60M shares are outstanding, with a floating share count of 104.07M. Insiders hold about 0.50% of the company’s shares, while institutions hold 20.21% stake in the company. Shares short for HIVE as of Mar 15, 2024 were 6.08M with a Short Ratio of 1.87, compared to 7.89M on Feb 15, 2024.
Earnings Estimates
The company has 2 analysts who recommend its stock at the moment. 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 analysts recommending between -$0.22 and -$0.91.
Revenue Estimates
According to 3 analysts, the current quarter’s revenue is expected to be $34.68M. 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 $18.22M, an estimated increase of 90.30% from the year-ago figure. For the next quarter, 2 analysts are estimating revenue of $24.1M, an increase of 9.00% less than the figure of $90.30% in the same quarter last year. 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 $106.32M, up 5.50% from the average estimate. Based 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. The average revenue growth estimate for next year is up 7.30% from the average revenue estimate for this year.
