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HIVE Digital Technologies Ltd (NASDAQ: HIVE) closed the day trading at $4.09 up 2.25% from the previous closing price of $4.00. In other words, the price has increased by $2.25 from its previous closing price. On the day, 6.76 million shares were traded. HIVE stock price reached its highest trading level at $4.2 during the session, while it also had its lowest trading level at $3.82.
Ratios:
For a better understanding of HIVE, let’s look at 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.
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 529794080 and an Enterprise Value of 481212960. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.16 while its Price-to-Book (P/B) ratio in mrq is 1.74. Its current Enterprise Value per Revenue stands at 3.912 whereas that against EBITDA is 18.118.
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 11.65%, while the 200-Day Moving Average is calculated to be 24.78%.
Shares Statistics:
Over the past 3-months, HIVE traded about 4.24M shares per day on average, while over the past 10 days, HIVE traded about 7052220 shares per day. A total of 129.04M shares are outstanding, with a floating share count of 128.36M. Insiders hold about 0.53% of the company’s shares, while institutions hold 23.27% stake in the company. Shares short for HIVE as of 1730332800 were 4306198 with a Short Ratio of 1.28, compared to 1727654400 on 5336067.
