HIVE Digital Technologies (CVE:HIVE) Shares Up 4.1% - Should You Buy?

Key Points

• Shares up 4.1%: HIVE stock rose 4.1% Monday to C$4.53 (intraday high C$4.62) on roughly 2.09 million shares traded, about 5% above its average daily volume.
• Valuation & leverage: The company has a market cap of C$1.08 billion, a P/E of 19.70 and a high beta (4.78), with a debt-to-equity ratio around 9.98, quick ratio 0.85 and current ratio 5.56.
• Business profile: HIVE operates cryptocurrency mining and data-center infrastructure in Canada, Sweden and Iceland, mining Bitcoin, Ethereum Classic and other coins, and rebranded to HIVE Digital Technologies in July 2023.

Shares of HIVE Digital Technologies Ltd. (CVE:HIVE - ) were up 4.1% during trading on Monday . The stock traded as high as C$4.62 and last traded at C$4.53. Approximately 2,092,040 shares changed hands during trading, an increase of 5% from the average daily volume of 1,991,877 shares. The stock had previously closed at C$4.35.

HIVE Digital Technologies Price Performance

The company has a debt-to-equity ratio of 9.98, a quick ratio of 0.85 and a current ratio of 5.56. The company has a market cap of C$1.08 billion, a P/E ratio of 19.70 and a beta of 4.78. The firm's fifty day moving average is C$4.56 and its two-hundred day moving average is C$4.71.

HIVE Digital Technologies Company Profile

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.

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