Are Analysts Too Bullish On HIVE Digital Technologies Ltd. (HIVE)

HIVE Digital Technologies Ltd. (NASDAQ:HIVE) currently has a daily average trading volume of 4.14M but it saw 3293357 shares traded in last market. With a market cap of 301.25M USD, the company’s current market price of $2.88 came rising about 2.49 while comparing to the previous closing price of $2.81. In past 52 weeks, the stock remained buoying in the range of price level as high as $5.74 and as low as $2.18. In the recent trading on the day, stock has struck highest price mark of $2.87 while lowest mark touched by it was $3.015.

Taking a look at 20-day trading activity of HIVE Digital Technologies Ltd. (HIVE) gives us an average price of $3.37, while its current price level is -49.83% below from 52-week high level whereas it is 32.11% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $3.29 while that of 200 days or SMA-200 reads an average of $3.30. A closer look into the stock’s movement over the week reveals that its volatility is standing at 5.87% during that period while stretching the period over a month that increases to 10.27%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 42.57 which implies that the stock is in neutral territory.

Over the week, HIVE’s stock price is moving -2.70% down while it is -28.71% when we observe its performance for the past one month. Year-to-date it is -36.42% down and over the past year, the stock is showing a downside performance of -31.59%.

Currently, HIVE Digital Technologies Ltd.’s total number of outstanding shares is 106.08M. Company’s return on investment (ROI) stands at -10.92% and return on equity (ROE) at -15.28%. Stock’s beta reads 3.92. Stock has a price to book (P/B) ratio of 1.24 while price to sale or P/S ratio amounts to 2.45. Its return on asset (ROA) is -12.48% on average.