HIVE Digital Technologies Ltd (HIVE) 20 Days SMA touches -7.86%: The odds favor the bear

HIVE Digital Technologies Ltd (NASDAQ: HIVE) kicked off on Friday, down -2.56% from the previous trading day, before settling in for the closing price of $3.12. Over the past 52 weeks, HIVE has traded in a range of $2.18-$5.54.

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During the last 5-year period, the sales growth of Financial Sector giant was 58.55%. While this was happening, its average annual earnings per share was recorded 58.19%. With a float of $128.29 million, this company’s outstanding shares have now reached $129.04 million.

Let’s determine the extent of company efficiency that accounts for 20 employees. In terms of profitability, gross margin is -1.56%, operating margin of -8.72%, and the pretax margin is -8.32%.

HIVE Digital Technologies Ltd (HIVE) Insider Activity

Our next focus will be how large-scale investors are participating in this stock of the Capital Markets Industry. The insider ownership of HIVE Digital Technologies Ltd is 0.48%, while institutional ownership is 23.39%.

HIVE Digital Technologies Ltd (HIVE) Earnings and Forecasts

Wall Street market experts anticipate that the next fiscal year will bring earnings of 0 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 58.19% per share during the next fiscal year.

HIVE Digital Technologies Ltd (NASDAQ: HIVE) Trading Performance Indicators

Take a look at HIVE Digital Technologies Ltd’s (HIVE) current performance indicators. Last quarter, stock had a quick ratio of 5.56. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.19.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.15, a number that is poised to hit -0.11 in the next quarter and is forecasted to reach -0.12 in one year’s time.

Technical Analysis of HIVE Digital Technologies Ltd (HIVE)

Looking closely at HIVE Digital Technologies Ltd (NASDAQ: HIVE), its last 5-days average volume was 10.92 million, which is a drop from its year-to-date volume of 11.05 million. As of the previous 9 days, the stock’s Stochastic %D was 45.66%. Additionally, its Average True Range was 0.27.

During the past 100 days, HIVE Digital Technologies Ltd’s (HIVE) raw stochastic average was set at 15.82%, which indicates a significant decrease from 36.60% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 73.28% in the past 14 days, which was lower than the 90.27% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $3.83, while its 200-day Moving Average is $3.27. However, in the short run, HIVE Digital Technologies Ltd’s stock first resistance to watch stands at $3.10. Second resistance stands at $3.17. The third major resistance level sits at $3.24. If the price goes on to break the first support level at $2.96, it is likely to go to the next support level at $2.89. Should the price break the second support level, the third support level stands at $2.82.

HIVE Digital Technologies Ltd (NASDAQ: HIVE) Key Stats

The company with the Market Capitalisation of 392.28 million has total of 141,442K Shares Outstanding. Its annual sales at the moment are 114,470 K in contrast with the sum of -51,210 K annual income. Company’s last quarter sales were recorded 22,650 K and last quarter income was -7,660 K.