HIVE Digital Technologies (HIVE) Stock Price, News & Analysis

Company Overview

HIVE Digital Technologies Ltd. operates as a cryptocurrency mining company in Canada, Sweden, and Iceland. The company engages in the mining and sale of digital currencies, including Ethereum Classic, Bitcoin, and other coins. It also operates data centers; and offers infrastructure solutions. The company was formerly known as HIVE Blockchain Technologies Ltd. and changed its name to HIVE Digital Technologies Ltd. in July 2023. HIVE Digital Technologies Ltd. was incorporated in 1987 and is headquartered in Vancouver, Canada.

Key Stats

• Today's Range: C$5.35 to C$5.87
• 50-Day Range: C$3.99 to C$7.35
• 52-Week Range: C$3.00 to C$7.75
• Volume: 1.26 million shs
• Average Volume: 693,558 shs
• Market Capitalization: C$681.45 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: C$9.00
• Consensus Rating: N/A

HIVE Digital Technologies Stock Analysis - MarketRank™

HIVE Digital Technologies scored higher than 10% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.0 / 5
• Analyst Rating: N/A

Amount of Analyst Coverage

HIVE Digital Technologies has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of HIVE Digital Technologies is -11.96, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of HIVE Digital Technologies is -11.96, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

HIVE Digital Technologies has a P/B Ratio of 2.46. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for HIVE.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

HIVE Digital Technologies does not currently pay a dividend.

Dividend Growth

HIVE Digital Technologies does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for HIVE.

News and Social Media

• Score: 1.7 / 5
• News Sentiment: -0.03

News Sentiment

HIVE Digital Technologies has a news sentiment score of -0.03. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.64 average news sentiment score of Financial Services companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for HIVE Digital Technologies this week, compared to 2 articles on an average week.

Search Interest

20 people have searched for HIVE on MarketBeat in the last 30 days. This is an increase of 186% compared to the previous 30 days.

MarketBeat Follows

Only 1 people have added HIVE Digital Technologies to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, HIVE Digital Technologies insiders have sold more of their company's stock than they have bought. Specifically, they have bought C$0.00 in company stock and sold C$2,650.00 in company stock.

Percentage Held by Insiders

Only 0.40% of the stock of HIVE Digital Technologies is held by insiders.

Percentage Held by Institutions

Only 26.27% of the stock of HIVE Digital Technologies is held by institutions.

HIVE Stock Analysis - Frequently Asked Questions

How have HIVE shares performed this year?

HIVE Digital Technologies' stock was trading at C$5.96 at the beginning of 2024. Since then, HIVE stock has decreased by 3.7% and is now trading at C$5.74.
View the best growth stocks for 2024 here.

When did HIVE Digital Technologies' stock split?

HIVE Digital Technologies shares reverse split on Monday, May 23rd 2022. The 1-5 reverse split was announced on Monday, May 23rd 2022. The number of shares owned by shareholders was adjusted after the closing bell on Monday, May 23rd 2022. An investor that had 100 shares of stock prior to the reverse split would have 20 shares after the split.

How do I buy shares of HIVE Digital Technologies?

Shares of HIVE stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

What other stocks do shareholders of HIVE Digital Technologies own?

Based on aggregate information from My MarketBeat watchlists, some other companies that HIVE Digital Technologies investors own include NIO (NIO), Palantir Technologies (PLTR), MARA (MARA), Meta Platforms (META), NVIDIA (NVDA), Tesla (TSLA) and Taiwan Semiconductor Manufacturing (TSM).

Industry, Sector and Symbol

• Stock Exchange: CVE
• Sector: Financial Services
• Industry: Capital Markets
• Sub-Industry: Banking
• Current Symbol: CVE:HIVE
• CUSIP: N/A
• CIK: N/A
• Web: www.hiveblockchain.com
• Phone: 604-664-1078
• Fax: N/A
• Employees: 20
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: C$9.00
• High Stock Price Target: C$9.00
• Low Stock Price Target: C$9.00
• Potential Upside/Downside: +56.8%
• Consensus Rating: N/A
• Rating Score (0-4): 0.00
• Research Coverage: 0 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C($0.48)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 2.97
• P/E Growth: N/A
• Net Income: C$-31,700,000.00
• Net Margins: -25.74%
• Pretax Margin: N/A
• Return on Equity: -15.28%
• Return on Assets: -8.78%

Debt

• Debt-to-Equity Ratio: 10.36
• Current Ratio: 7.35
• Quick Ratio: 0.85

Sales & Book Value

• Annual Sales: C$123.14 million
• Price / Sales: 5.53
• Cash Flow: C$0.39 per share
• Price / Cash Flow: 14.66
• Book Value: C$2.33 per share
• Price / Book: 2.46

Miscellaneous

• Outstanding Shares: 118,720,000
• Free Float: N/A
• Market Cap: C$681.45 million
• Optionable: Not Optionable
• Beta: 4.28