As this happened, Keefe Bruyette initiated its HIVE Digital Technologies Ltd [HIVE] rating to an Outperform in a research note published recently. A number of analysts have revised their coverage, including ROTH MKM’s analysts, who began to cover the stock in mid December with a ‘”a Buy”‘ rating. Cantor Fitzgerald began covering HIVE with “an Overweight” recommendation on October 29, 2024. Northland Capital started covering the stock on September 19, 2024. It rated HIVE as “an Outperform”.
Price Performance Review of HIVE
On Tuesday, HIVE Digital Technologies Ltd [NASDAQ:HIVE] saw its stock jump 0.34% to $2.92. Over the last five days, the stock has lost -12.84%. HIVE Digital Technologies Ltd shares have risen nearly 2.46% since the year began. Nevertheless, the stocks have fallen -28.08% over the past one year. While a 52-week high of $5.54 was reached on 01/06/25, a 52-week low of $2.18 was recorded on 01/13/25. SMA at 50 days reached $3.77, while 200 days put it at $3.27.
Levels Of Support And Resistance For HIVE Stock
The 24-hour chart illustrates a support level at 2.83, which if violated will result in even more drops to 2.74. On the upside, there is a resistance level at 3.04. A further resistance level may holdings at 3.16. The Relative Strength Index (RSI) on the 14-day chart is 37.55, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 78.08%. Stochastics %K at 26.36% indicates the stock is a holding.
How much short interest is there in HIVE Digital Technologies Ltd?
A steep rise in short interest was recorded in HIVE Digital Technologies Ltd stocks on 2024-12-31, growing by 0.2 million shares to a total of 3.96 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 3.76 million shares. There was a rise of 5.05%, which implies that there is a positive sentiment for the stock.
