Let’s look at the key reasons that are pushing HIVE Digital Technologies Ltd (HIVE) to new highs

A new trading day began on Monday, with HIVE Digital Technologies Ltd (NASDAQ: HIVE) stock price down -10.03% from the previous day of trading, before settling in for the closing price of $3.09. HIVE’s price has ranged from $2.18 to $5.54 over the past 52 weeks.

Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.

Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!

Get the FREE Report with all the details here.


Sponsored

Financial Sector giant saw their annual sales surged by 58.55% over the last five years. Meanwhile, its annual earnings per share averaged 58.19%. With a float of $128.27 million, this company’s outstanding shares have now reached $129.04 million.

The firm has a total of 20 workers. Let’s measure their productivity. 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) Breakdown of a Key Holders of the stock

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 0.60%, while institutional ownership is 23.51%.

HIVE Digital Technologies Ltd (HIVE) Recent Fiscal highlights

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

Here are HIVE Digital Technologies Ltd’s current performance indicators. According to the last quarter’s results, the 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 2.92.

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)

Analysing the last 5-days average volume posted by the [HIVE Digital Technologies Ltd, HIVE], we can find that recorded value of 11.62 million was better than the volume posted last year of 10.66 million. As of the previous 9 days, the stock’s Stochastic %D was 36.20%. Additionally, its Average True Range was 0.25.

During the past 100 days, HIVE Digital Technologies Ltd’s (HIVE) raw stochastic average was set at 7.07%, which indicates a significant decrease from 12.35% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 63.63% in the past 14 days, which was lower than the 87.64% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $3.61, while its 200-day Moving Average is $3.26. Now, the first resistance to watch is $2.93. This is followed by the second major resistance level at $3.09. The third major resistance level sits at $3.21. If the price goes on to break the first support level at $2.65, it is likely to go to the next support level at $2.53. Now, if the price goes above the second support level, the third support stands at $2.37.

HIVE Digital Technologies Ltd (NASDAQ: HIVE) Key Stats

With a market capitalization of 358.73 million, the company has a total of 144,262K Shares Outstanding. Currently, annual sales are 114,470 K while annual income is -51,210 K. The company’s previous quarter sales were 22,650 K while its latest quarter income was -7,660 K.