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Wednesday, September 27, 2023

Is HIVE Digital Technologies Ltd. (NASDAQ: HIVE) Still On The Rise?

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for HIVE Digital Technologies Ltd. (HIVE) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.11, or 3.48%, to $3.27. The HIVE Digital Technologies Ltd. has recorded 5,446 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted RETRANSMISSION: HIVE Digital Provides August 2023 Production and Reports Over 2.5x Growth in AI Compute Infrastructure.

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Stocks Info

This NASDAQ-listed company operates within the Capital Markets industry segment, falling under the Financial sector. The current market capitalization of HIVE Digital Technologies Ltd. is $376.45M. A total of 0.7 million shares were traded on the day, compared to an average of 1.63M shares.

Insider trades can also provide insight into a stock’s future direction. During the recent three months, HIVE has seen 2 BUY and 4 SELL insider trades, representing the acquisition of 40,000 and the disposition of 66,600 shares. Over the last 12 months, there were 16 BUYs and 23 SELLs from insiders. Insiders purchased 460,900 shares during that period but sold 2,158,068.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for HIVE in the last 3 months, the mean price target is $6.83 with high estimates of $7.00 and low estimates of $6.50. In terms of 52-week highs and lows, HIVE has a high of $6.84 and a low of $1.36.

As of this writing, HIVE has an earnings estimate of -$0.19 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of -$0.17 per share and a lower estimate of -$0.22. The company reported an EPS of -$0.16 in the last quarter, which was 44.80% higher than expectations of -$0.29.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. HIVE’s latest balance sheet shows that the firm has $22.32M in Cash & Short Term Investments as of fiscal 2022. There were $43.32M in debt and $26.15M in liabilities at the time. Its Book Value Per Share was $2.30, while its Total Shareholder’s Equity was $389.05M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for HIVE is Buy with a score of 4.67.

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