At the time of writing, HIVE Digital Technologies Ltd. [HIVE] stock is trading at $3.81, up 15.45%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The HIVE shares have gain 20.95% over the last week, with a monthly amount glided 22.51%, and 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.
For the past year, the stock price of HIVE Digital Technologies Ltd. fluctuated between $2.18 and $5.74. 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 $3.81 at the most recent close of the market. An investor can expect a potential return of 37.8% based on the average HIVE price forecast.
Analyzing the HIVE fundamentals
According to HIVE Digital Technologies Ltd. [NASDAQ:HIVE], the company’s sales were 123.14M for trailing twelve months, which represents an 36.82% jump. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.08.
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 3.51 points at the first support level, and at 3.21 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.97, and for the 2nd resistance point, it is at 4.13.
Ratios To Look Out For
It is important to note that HIVE Digital Technologies Ltd. [NASDAQ:HIVE] has a current ratio of 7.35. Further, the Quick Ratio stands at 7.35, while the Cash Ratio is 0.95. Considering the valuation of this stock, the price to sales ratio is 3.67, the price to book ratio is 1.64.
