HIVE Digital Technologies Ltd [HIVE] stock prices are up 0.96% to $3.15 at the moment. 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 7.88% over the last week, with a monthly amount drifted -7.35%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Previously, ROTH MKM started tracking the stock with Buy rating on December 19, 2024, and set its price target to $7.50. On October 29, 2024, Cantor Fitzgerald initiated with a Overweight rating and assigned a price target of $9 on the stock. Northland Capital started tracking the stock assigning a Outperform rating and suggested a price target of $5.50 on September 19, 2024. H.C. Wainwright upgraded its rating to a Buy. B. Riley Securities started tracking with a Buy rating for this stock on July 19, 2024, and assigned it a price target of $6. In a note dated November 20, 2023, H.C. Wainwright downgraded an Neutral rating on this stock.
The stock price of HIVE Digital Technologies Ltd [HIVE] has been fluctuating between $2.18 and $5.54 over the past year. Currently, Wall Street analysts expect the stock to reach $6.75 within the next 12 months. HIVE Digital Technologies Ltd [NASDAQ: HIVE] shares were valued at $3.15 at the most recent close of the market. An investor can expect a potential return of 114.29% based on the average HIVE price forecast.
Analyzing the HIVE fundamentals
The HIVE Digital Technologies Ltd [NASDAQ:HIVE] reported sales of 123.02M for trailing twelve months, representing a drop of -0.52%. Gross Profit Margin for this corporation currently stands at -0.02% with Operating Profit Margin at -0.09%, Pretax Profit Margin comes in at -0.08%, and Net Profit Margin reading is -0.11%. To continue investigating profitability, this company’s Return on Assets is posted at -0.04, Equity is -0.06 and Total Capital is -0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.1.
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 3.06 points at the first support level, and at 2.97 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.24, and for the 2nd resistance point, it is at 3.33.
Ratios To Look Out For
It’s worth pointing out that HIVE Digital Technologies Ltd [NASDAQ:HIVE]’s Current Ratio is 5.56. Further, the Quick Ratio stands at 5.56, while the Cash Ratio is 0.2. Considering the valuation of this stock, the price to sales ratio is 3.30, the price to book ratio is 1.34.
