HIVE Digital Technologies (CVE:HIVE) Trading Up 10.1% - Still a Buy?

Key Points

• HIVE Digital Technologies' stock jumped 10.1% intraday to C$3.72 (high C$3.74) on Wednesday from a prior close of C$3.38, while trading volume (~1.16M shares) was about 37% below its average.
• The company has a market cap of roughly C$922 million, a negative P/E (-4.73) and high leverage (debt-to-equity ~3.55), and its 50-day moving average (C$2.93) remains below the 200-day (C$4.45).
• HIVE operates as a cryptocurrency miner and data-center provider in Canada, Sweden and Iceland, mining and selling digital currencies including Bitcoin and Ethereum Classic.

HIVE Digital Technologies Ltd. (CVE:HIVE - )'s stock price was up 10.1% during mid-day trading on Wednesday . The company traded as high as C$3.74 and last traded at C$3.72. Approximately 1,158,165 shares were traded during trading, a decline of 37% from the average daily volume of 1,843,752 shares. The stock had previously closed at C$3.38.

HIVE Digital Technologies Stock Up 7.7%

The firm has a market cap of C$921.86 million, a price-to-earnings ratio of -4.73 and a beta of 2.19. The company has a current ratio of 1.74, a quick ratio of 0.85 and a debt-to-equity ratio of 3.55. The stock has a 50-day moving average of C$2.93 and a 200-day moving average of C$4.45.

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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