A share price of HIVE Digital Technologies Ltd. [HIVE] is currently trading at $2.81, down -1.06%. An important factor to consider is whether the stock is rising or falling in short-term value. The HIVE shares have gain 7.66% over the last week, with a monthly amount drifted -30.62%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
HIVE Digital Technologies Ltd. [NASDAQ: HIVE] stock has seen the most recent analyst activity on July 19, 2024, when B. Riley Securities initiated its Buy rating and assigned the stock a price target of $6. Previously, H.C. Wainwright downgraded its rating to Neutral on November 20, 2023. Stifel started tracking the stock assigning a Buy rating and suggested a price target of $3.75 on March 25, 2022. Canaccord Genuity initiated its recommendation with a Buy and recommended $2.80 as its price target on March 25, 2022.
HIVE Digital Technologies Ltd. experienced fluctuations in its stock price throughout the past year between $2.18 and $5.74. Currently, Wall Street analysts expect the stock to reach $4 within the next 12 months. HIVE Digital Technologies Ltd. [NASDAQ: HIVE] shares were valued at $2.81 at the most recent close of the market. An investor can expect a potential return of 42.35% based on the average HIVE price forecast.
Analyzing the HIVE fundamentals
Trailing Twelve Months sales for HIVE Digital Technologies Ltd. [NASDAQ:HIVE] were 123.14M which represents 36.82% growth. Gross Profit Margin for this corporation currently stands at -0.14% with Operating Profit Margin at -0.34%, Pretax Profit Margin comes in at -0.21%, and Net Profit Margin reading is -0.25%. To continue investigating profitability, this company’s Return on Assets is posted at -0.1, Equity is -0.15 and Total Capital is -0.15. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.08.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 2.73 points at the first support level, and at 2.65 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.92, and for the 2nd resistance point, it is at 3.04.
Ratios To Look Out For
To put it in perspective, the Current Ratio for HIVE Digital Technologies Ltd. [NASDAQ:HIVE] is 7.35. On the other hand, the Quick Ratio is 7.35, and the Cash Ratio is 0.95. Considering the valuation of this stock, the price to sales ratio is 2.39, the price to book ratio is 1.21.
