Shares of HIVE Digital Technologies Ltd. (NASDAQ:HIVE - Get Free Report) shot up 5.9% during mid-day trading on Friday . The company traded as high as $4.32 and last traded at $4.28. 896,099 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 3,653,434 shares. The stock had previously closed at $4.04.
Analyst Ratings Changes
HIVE has been the subject of several analyst reports. Canaccord Genuity Group boosted their target price on shares of HIVE Digital Technologies from $6.00 to $7.00 and gave the company a "buy" rating in a research note on Thursday, November 14th. HC Wainwright lifted their price target on shares of HIVE Digital Technologies from $5.00 to $8.00 and gave the stock a "buy" rating in a report on Thursday, November 14th. StockNews.com raised shares of HIVE Digital Technologies to a "sell" rating in a research note on Wednesday. Northland Capmk raised shares of HIVE Digital Technologies to a "strong-buy" rating in a research note on Thursday, September 19th. Finally, Northland Securities boosted their price target on HIVE Digital Technologies from $5.50 to $7.00 and gave the company an "outperform" rating in a report on Thursday, November 14th. One research analyst has rated the stock with a sell rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $7.40.
Get Our Latest Stock Analysis on HIVE Digital Technologies
HIVE Digital Technologies Stock Up 1.0 %
The firm has a 50-day simple moving average of $3.75 and a 200 day simple moving average of $3.33. The company has a market capitalization of $533.95 million, a PE ratio of -29.14 and a beta of 3.43. The company has a debt-to-equity ratio of 0.06, a current ratio of 5.56 and a quick ratio of 5.56.
HIVE Digital Technologies (NASDAQ:HIVE - Get Free Report) last posted its earnings results on Tuesday, November 12th. The company reported ($0.06) EPS for the quarter, topping analysts' consensus estimates of ($0.09) by $0.03. HIVE Digital Technologies had a negative net margin of 12.04% and a negative return on equity of 10.78%. The business had revenue of $22.65 million for the quarter, compared to analysts' expectations of $25.32 million. During the same period in the previous year, the company posted ($0.29) earnings per share. On average, research analysts predict that HIVE Digital Technologies Ltd. will post -0.29 EPS for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. Virtu Financial LLC grew its position in shares of HIVE Digital Technologies by 527.9% in the 3rd quarter. Virtu Financial LLC now owns 71,990 shares of the company's stock worth $225,000 after acquiring an additional 60,524 shares in the last quarter. Toronto Dominion Bank lifted its stake in HIVE Digital Technologies by 86,334.5% during the third quarter. Toronto Dominion Bank now owns 50,132 shares of the company's stock worth $157,000 after purchasing an additional 50,074 shares during the last quarter. XTX Topco Ltd acquired a new position in HIVE Digital Technologies in the third quarter worth $463,000. Wellington Management Group LLP bought a new stake in HIVE Digital Technologies during the third quarter valued at $120,000. Finally, State Street Corp raised its holdings in shares of HIVE Digital Technologies by 2.9% during the third quarter. State Street Corp now owns 3,214,101 shares of the company's stock worth $10,060,000 after purchasing an additional 91,056 shares during the period. 24.42% of the stock is owned by institutional investors and hedge funds.
About HIVE Digital Technologies
(
Get Free Report)
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.
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