The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
The closing price of HIVE Digital Technologies Ltd (NASDAQ: HIVE) was $3.12 for the day, down -2.50% from the previous closing price of $3.20. In other words, the price has decreased by -$2.50 from its previous closing price. On the day, 10.89 million shares were traded. HIVE stock price reached its highest trading level at $3.26 during the session, while it also had its lowest trading level at $3.05.
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 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 405010304 and an Enterprise Value of 366177152. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.27 while its Price-to-Book (P/B) ratio in mrq is 1.33. Its current Enterprise Value per Revenue stands at 2.977 whereas that against EBITDA is 13.787.
Stock Price History:
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 -16.60%, while the 200-Day Moving Average is calculated to be -4.45%.
Shares Statistics:
HIVE traded an average of 7.87M shares per day over the past three months and 10075440 shares per day over the past ten days. A total of 129.04M shares are outstanding, with a floating share count of 128.27M. Insiders hold about 0.60% of the company’s shares, while institutions hold 23.51% stake in the company. Shares short for HIVE as of 1735603200 were 3955895 with a Short Ratio of 0.50, compared to 1732838400 on 3756319.
Earnings Estimates
The consensus estimate for the next quarter is $0, with high estimates of $0 and low estimates of $0.
Analysts are recommending an EPS of between $0 and $0 for the fiscal current year, implying an average EPS of $0.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 7 analysts. It ranges from a high estimate of $31.2M to a low estimate of $24.6M. As of the current estimate, HIVE Digital Technologies Ltd’s year-ago sales were $31.25MFor the next quarter, 7 analysts are estimating revenue of $33.24M. There is a high estimate of $40.5M for the next quarter, whereas the lowest estimate is $27.09M.
A total of 7 analysts have provided revenue estimates for HIVE’s current fiscal year. The highest revenue estimate was $124.9M, while the lowest revenue estimate was $107M, resulting in an average revenue estimate of $116.28M. In the same quarter a year ago, actual revenue was $114.47MBased on 5 analysts’ estimates, the company’s revenue will be $220.58M in the next fiscal year. The high estimate is $258.7M and the low estimate is $124.33M.
