HIVE Digital Technologies Ltd. (NASDAQ: HIVE): Retirees Don’t Worry About Volatility

HIVE Digital Technologies Ltd. (NASDAQ:HIVE) currently has a daily average trading volume of 4.19M but it saw 1481209 shares traded in last market. With a market cap of 330.54M USD, the company’s current market price of $3.16 came falling about -4.53 while comparing to the previous closing price of $3.31. 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 $3.1314 while lowest mark touched by it was $3.31.

Taking a look at 20-day trading activity of HIVE Digital Technologies Ltd. (HIVE) gives us an average price of $3.11, while its current price level is -44.95% below from 52-week high level whereas it is 44.95% 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 $3.31 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 5.66% during that period while stretching the period over a month that increases to 8.75%. 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 49.53 which implies that the stock is in neutral territory.

Over the week, HIVE’s stock price is moving 9.72% up while it is -23.11% when we observe its performance for the past one month. Year-to-date it is -30.24% down and over the past year, the stock is showing a downside performance of -9.20%.

The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of -0.29 beaten by the consensus estimate of -0.19 for the same. The company is expected to be releasing its next quarterly report in September, for which analysts forecasted an EPS of -0.11 while estimate for next year EPS is -0.3. In next quarter, company is expected to be making quarterly sales of $28.9M as analysts are expecting the sales for current fiscal year at $119.51M and seeing the company making $217.6M in sales next year. Moreover, analysts are in estimates of $26.63M for current-quarter revenue.

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 3.88. Stock has a price to book (P/B) ratio of 1.36 while price to sale or P/S ratio amounts to 2.68. Its return on asset (ROA) is -12.48% on average.