HIVE Digital Technologies Ltd.’s Market Journey: Closing Weak at 3.29, Down -3.80

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The closing price of HIVE Digital Technologies Ltd. (NASDAQ: HIVE) was $3.29 for the day, down -3.80% from the previous closing price of $3.42. In other words, the price has decreased by -$3.80 from its previous closing price. On the day, 2.83 million shares were traded. HIVE stock price reached its highest trading level at $3.4899 during the session, while it also had its lowest trading level at $3.215.


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 6.77 and its Current Ratio is at 6.77. In the meantime, Its Debt-to-Equity ratio is 0.12 whereas as Long-Term Debt/Eq ratio is at 0.07.

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 402534784 and an Enterprise Value of 399150592. 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 3.487 whereas that against EBITDA is 18.746.

Stock Price History:

The Beta on a monthly basis for HIVE is 3.92, which has changed by -0.41872793 over the last 52 weeks, in comparison to a change of 0.24704397 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 $2.18. The 50-Day Moving Average of the stock is 17.99%, while the 200-Day Moving Average is calculated to be 1.26%.

Shares Statistics:

HIVE traded an average of 3.31M shares per day over the past three months and 5230330 shares per day over the past ten days. A total of 106.08M shares are outstanding, with a floating share count of 104.09M. Insiders hold about 0.49% of the company’s shares, while institutions hold 32.93% stake in the company. Shares short for HIVE as of 1718323200 were 3320099 with a Short Ratio of 1.00, compared to 1715731200 on 3861226.

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