A new trading day began on Friday, with HIVE Digital Technologies Ltd. (NASDAQ: HIVE) stock price down -3.97% from the previous day of trading, before settling in for the closing price of $3.78. HIVE’s price has ranged from $2.18 to $5.74 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Financial sector saw sales topped by 58.55%. Meanwhile, its annual earnings per share averaged 62.28%. With a float of $118.21 million, this company’s outstanding shares have now reached $118.72 million.
The extent of productivity of a business whose workforce counts for 20 workers is very important to gauge. In terms of profitability, gross margin is -14.1%, operating margin of -33.95%, and the pretax margin is -20.86%.
HIVE Digital Technologies Ltd. (HIVE) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Capital Markets Industry. The insider ownership of HIVE Digital Technologies Ltd. is 0.44%, while institutional ownership is 25.71%.
HIVE Digital Technologies Ltd. (HIVE) Latest Financial update
In its latest quarterly report, released on 6/30/2024, the company reported earnings of -0.29 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.08 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 62.28% per share during the next fiscal year.
HIVE Digital Technologies Ltd. (NASDAQ: HIVE) Trading Performance Indicators
Here are HIVE Digital Technologies Ltd.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 7.35. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.50.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.37, a number that is poised to hit -0.09 in the next quarter and is forecasted to reach 0.06 in one year’s time.
Technical Analysis of HIVE Digital Technologies Ltd. (HIVE)
The latest stats from [HIVE Digital Technologies Ltd., HIVE] show that its last 5-days average volume of 4.26 million was superior to 3.36 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 71.62%. Additionally, its Average True Range was 0.24.
During the past 100 days, HIVE Digital Technologies Ltd.’s (HIVE) raw stochastic average was set at 59.96%, which indicates a significant decrease from 73.83% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 84.96% in the past 14 days, which was lower than the 89.69% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.19, while its 200-day Moving Average is $3.18. Now, the first resistance to watch is $3.81. This is followed by the second major resistance level at $3.99. The third major resistance level sits at $4.09. If the price goes on to break the first support level at $3.53, it is likely to go to the next support level at $3.43. The third support level lies at $3.25 if the price breaches the second support level.
HIVE Digital Technologies Ltd. (NASDAQ: HIVE) Key Stats
With a market capitalization of 430.95 million, the company has a total of 117,716K Shares Outstanding. Currently, annual sales are 114,470 K while annual income is -51,210 K. The company’s previous quarter sales were 32,240 K while its latest quarter income was 3,260 K.
