HIVE Digital Technologies (CVE:HIVE) Trading 3.4% Higher

Posted by admin on Mar 30th, 2024

HIVE Digital Technologies Ltd. (CVE:HIVE – Get Free Report) shares traded up 3.4% during trading on Friday . The company traded as high as C$4.76 and last traded at C$4.56. 686,305 shares changed hands during trading, a decline of 13% from the average session volume of 788,180 shares. The stock had previously closed at C$4.41.

Analysts Set New Price Targets

Separately, Stifel Nicolaus lifted their price target on HIVE Digital Technologies from C$6.50 to C$9.00 in a research report on Tuesday, January 9th.

Check Out Our Latest Stock Report on HIVE

HIVE Digital Technologies Price Performance

The stock has a 50 day simple moving average of C$4.70 and a two-hundred day simple moving average of C$4.70. The firm has a market cap of C$421.98 million, a PE ratio of -7.48 and a beta of 4.32. The company has a debt-to-equity ratio of 18.26, a quick ratio of 0.85 and a current ratio of 3.51.

Insider Buying and Selling at HIVE Digital Technologies

In related news, Director Dave Perrill sold 12,500 shares of HIVE Digital Technologies stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of C$4.12, for a total value of C$51,500.00. In related news, Director Dave Perrill sold 12,500 shares of HIVE Digital Technologies stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of C$4.12, for a total value of C$51,500.00. Also, Director Susan Mcgee sold 10,000 shares of HIVE Digital Technologies stock in a transaction dated Thursday, January 11th. The stock was sold at an average price of C$6.01, for a total value of C$60,053.00. In the last quarter, insiders sold 85,000 shares of company stock worth $382,228. Insiders own 0.24% of the company’s stock.

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.