In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
As of close of business last night, HIVE Digital Technologies Ltd’s stock clocked out at $2.91, down -4.28% from its previous closing price of $3.04. In other words, the price has decreased by -$4.28 from its previous closing price. On the day, 7.2 million shares were traded. HIVE stock price reached its highest trading level at $2.95 during the session, while it also had its lowest trading level at $2.81.
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 5.56 and its Current Ratio is at 5.56. In the meantime, Its Debt-to-Equity ratio is 0.10 whereas as Long-Term Debt/Eq ratio is at 0.06.
On December 19, 2024, ROTH MKM started tracking the stock assigning a Buy rating and target price of $7.50.
On October 29, 2024, Cantor Fitzgerald started tracking the stock assigning a Overweight rating and target price of $9.Cantor Fitzgerald initiated its Overweight rating on October 29, 2024, with a $9 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 391534688 and an Enterprise Value of 341272480. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.05 while its Price-to-Book (P/B) ratio in mrq is 1.24. Its current Enterprise Value per Revenue stands at 2.774 whereas that against EBITDA is 12.849.
Stock Price History:
The Beta on a monthly basis for HIVE is 4.03, which has changed by -0.14124292 over the last 52 weeks, in comparison to a change of 0.22263205 over the same period for the S&P500. Over the past 52 weeks, HIVE has reached a high of $5.54, while it has fallen to a 52-week low of $2.18. The 50-Day Moving Average of the stock is -23.45%, while the 200-Day Moving Average is calculated to be -11.00%.
Shares Statistics:
It appears that HIVE traded 7.47M shares on average per day over the past three months and 9404030 shares per day over the past ten days. A total of 129.04M shares are outstanding, with a floating share count of 128.29M. Insiders hold about 0.58% of the company’s shares, while institutions hold 23.39% stake in the company. Shares short for HIVE as of 1734048000 were 3500140 with a Short Ratio of 0.47, compared to 1731628800 on 3299767.
