HIVE Digital Technologies Ltd. [HIVE] stock prices are up 0.64% to $3.13 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The HIVE shares have gain 5.74% over the last week, with a monthly amount drifted -0.95%, 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 September 19, 2024, when Northland Capital initiated its Outperform rating and assigned the stock a price target of $5.50. Previously, H.C. Wainwright upgraded its rating to Buy on August 15, 2024. On July 19, 2024, B. Riley Securities initiated with a Buy rating and assigned a price target of $6 on the stock. H.C. Wainwright downgraded its rating to a Neutral. Stifel started tracking with a Buy rating for this stock on March 25, 2022, and assigned it a price target of $3.75. In a note dated March 25, 2022, Canaccord Genuity initiated an Buy rating and provided a target price of $2.80 on this stock.
The stock price of HIVE Digital Technologies Ltd. [HIVE] has been fluctuating between $2.18 and $5.74 over the past year. Currently, Wall Street analysts expect the stock to reach $5.25 within the next 12 months. HIVE Digital Technologies Ltd. [NASDAQ: HIVE] shares were valued at $3.13 at the most recent close of the market. An investor can expect a potential return of 67.73% based on the average HIVE price forecast.
Analyzing the HIVE fundamentals
The HIVE Digital Technologies Ltd. [NASDAQ:HIVE] reported sales of 123.14M for trailing twelve months, representing a surge of 36.82%. 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 3.08 points at the first support level, and at 3.03 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.20, and for the 2nd resistance point, it is at 3.27.
Ratios To Look Out For
It’s worth pointing out that HIVE Digital Technologies Ltd. [NASDAQ:HIVE]’s Current Ratio is 7.35. Also, the Quick Ratio is 7.35, while the Cash Ratio stands at 0.95. Considering the valuation of this stock, the price to sales ratio is 3.02, the price to book ratio is 1.34.
