HIVE Digital Technologies Ltd. (NASDAQ: HIVE) Trading above Its 20 Day MA ($3.12), Why Showing An Interesting Price Pattern?

HIVE Digital Technologies Ltd. (NASDAQ:HIVE) does about 3.21M shares in volume on a normal day but saw 7629177 shares change hands in Monday trading. The company now has a market cap of 357.73M USD. Its current market price is $3.42, marking an increase of 2.40% compared to the previous close of $3.34. The 52 week high reached by this stock is $6.84 whilst the lowest price level in 52 weeks is $2.18.

HIVE Digital Technologies Ltd. (HIVE) has a 20-day trading average at $3.12 and the current price is -50.00% off the 52-week high compared with 56.88% distance from its 52-week low. The 50-day simple moving average of the closing price is $2.79 and its 200-day simple moving average is $3.25. If we look at the stock’s price movements over the week, volatility stands at 9.91%, which decreases to 9.66% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 60.89 to suggest the stock is neutral.

The consensus objective for the share price is $4.75, suggesting that the stock has a potential upside of 28.0% over the period.

Stifel initiated its price target at $3.75.

HIVE Digital Technologies Ltd. (HIVE) stock is up 11.04% over the week and 20.00% over the past month. Its price is -24.50% year-to-date and -33.85% over the past year.

To reach the target analysts have set, the stock logically needs to grow 28.0 percent from here.

The company has a return on investment of -18.44% and return on equity of -25.07%. The beta has a value of 3.92. Price to book ratio is 1.40 and price to sales ratio is 3.13.