HIVE Stock Summary and Trading Ideas (Hive Digital Technologies - Common Shares | NASDAQ:HIVE)

HIVE Digital Technologies Ltd is in the business of providing infrastructure solutions in the blockchain industry. It focuses on the mining and sale of digital currencies. Its geographical segments include Canada, Sweden, Iceland, Switzerland, and Bermuda, out of which the majority of the revenue comes from Bermuda.

Hive Digital Technologies - Common Shares trades on the NASDAQ stock market under the symbol HIVE.

As of December 13, 2024, HIVE stock price declined to $3.81 with 5,199,998 million shares trading.

HIVE has a beta of 2.91, meaning it tends to be more sensitive to market movements. HIVE has a correlation of 0.15 to the broad based SPY ETF.

HIVE has a market cap of $491.65 million. This is considered a Small Cap stock.

Last quarter Hive Digital Technologies - Common Shares reported $23 million in Revenue and -$.06 earnings per share. This fell short of revenue expectation by $-3 million and exceeded earnings estimates by $.03.

In the last 3 years, HIVE traded as high as $15.80 and as low as $1.36.

The top ETF exchange traded funds that HIVE belongs to (by Net Assets): KOMP, WGMI, DAPP, BKCH, STCE.

HIVE has underperformed the market in the last year with a price return of +11.7% while the SPY ETF gained +31.7%. However, in the short term, HIVE had mixed performance relative to the market. It has outperformed in the last 3 months, returning +26.2% vs +8.4% return in SPY. But in the last 2 weeks, HIVE shares have been beat by the market, returning -5.7% compared to an SPY return of +0.9%.

HIVE support price is $3.63 and resistance is $4.09 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that HIVE shares will trade within this expected range on the day.