While HIVE Digital Technologies Ltd has underperformed by -0.35%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, HIVE fell by -21.27%, with highs and lows ranging from $5.54 to $2.18, whereas the simple moving average fell by -12.64% in the last 200 days.
On January 08, 2025, Keefe Bruyette started tracking HIVE Digital Technologies Ltd (NASDAQ: HIVE) recommending Outperform. A report published by ROTH MKM on December 19, 2024, Initiated its previous ‘Buy’ rating for HIVE. Cantor Fitzgerald also rated HIVE shares as ‘Overweight’, setting a target price of $9 on the company’s shares in an initiating report dated October 29, 2024. Northland Capital Initiated an Outperform rating on September 19, 2024, and assigned a price target of $5.50. H.C. Wainwright August 15, 2024d its ‘Neutral’ rating to ‘Buy’ for HIVE, as published in its report on August 15, 2024. B. Riley Securities’s report from July 19, 2024 suggests a price prediction of $6 for HIVE shares, giving the stock a ‘Buy’ rating. H.C. Wainwright also rated the stock as ‘Neutral’.
Analysis of HIVE Digital Technologies Ltd (HIVE)
Further, the quarter-over-quarter decrease in sales is -6.47%, showing a negative trend in the upcoming months.
HIVE Digital Technologies Ltd’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of -2.15% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 10.41, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
The average volume for any stock is also a very valuable indicator of volatility, and HIVE has an average volume of 9.46M. On a monthly basis, the volatility of the stock is set at 6.65%, whereas on a weekly basis, it is put at 4.64%, with a gain of 0.71% over the past seven days. Furthermore, long-term investors anticipate a median target price of $8.64, showing growth from the present price of $2.85, which can serve as yet another indication of whether HIVE is worth investing in or should be passed over.
How Do You Analyze HIVE Digital Technologies Ltd Shares?
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.60%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 20.40% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
HIVE shares are owned by institutional investors to the tune of 20.40% at present.
