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The closing price of HIVE Digital Technologies Ltd (NASDAQ: HIVE) was $5.24 for the day, down -0.19% from the previous closing price of $5.25. In other words, the price has decreased by -$0.19 from its previous closing price. On the day, 6.22 million shares were traded. HIVE stock price reached its highest trading level at $5.29 during the session, while it also had its lowest trading level at $4.93.
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 7.35 and its Current Ratio is at 7.35. In the meantime, Its Debt-to-Equity ratio is 0.10 whereas as Long-Term Debt/Eq ratio is at 0.06.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Cantor Fitzgerald on October 29, 2024, initiated with a Overweight rating and assigned the stock a target price of $9.
On September 19, 2024, Northland Capital started tracking the stock assigning a Outperform rating and target price of $5.50.
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 641255424 and an Enterprise Value of 609405504. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.07 while its Price-to-Book (P/B) ratio in mrq is 2.25. Its current Enterprise Value per Revenue stands at 4.949 whereas that against EBITDA is 25.27.
Stock Price History:
Over the past 52 weeks, HIVE has reached a high of $5.74, while it has fallen to a 52-week low of $2.18. The 50-Day Moving Average of the stock is 52.48%, while the 200-Day Moving Average is calculated to be 62.02%.
Shares Statistics:
HIVE traded an average of 3.75M shares per day over the past three months and 6262280 shares per day over the past ten days. A total of 118.72M shares are outstanding, with a floating share count of 118.21M. Insiders hold about 0.44% of the company’s shares, while institutions hold 23.25% stake in the company. Shares short for HIVE as of 1728950400 were 5431496 with a Short Ratio of 1.45, compared to 1726185600 on 6083526.
