As this happened, Rosenblatt initiated its HIVE Digital Technologies Ltd [HIVE] rating to a Buy in a research note published on March 07, 2025; the price target was $6. A number of analysts have revised their coverage, including Keefe Bruyette’s analysts, who began to cover the stock in early January with a ‘”an Outperform”‘ rating. ROTH MKM began covering HIVE with “Buy” recommendation on December 19, 2024. Cantor Fitzgerald started covering the stock on October 29, 2024. It rated HIVE as “an Overweight”.
Price Performance Review of HIVE
On Tuesday, HIVE Digital Technologies Ltd [NASDAQ:HIVE] saw its stock fall -7.43% to $1.62. Over the last five days, the stock has lost -7.95%. HIVE Digital Technologies Ltd shares have fallen nearly -43.16% since the year began. Nevertheless, the stocks have fallen -45.08% over the past one year. While a 52-week high of $5.54 was reached on 01/06/25, a 52-week low of $1.65 was recorded on 03/18/25. SMA at 50 days reached $2.5941, while 200 days put it at $3.2188.
Levels Of Support And Resistance For HIVE Stock
The 24-hour chart illustrates a support level at 1.5733, which if violated will result in even more drops to 1.5267. On the upside, there is a resistance level at 1.7033. A further resistance level may holdings at 1.7867. The Relative Strength Index (RSI) on the 14-day chart is 25.82, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.1385, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.53%. Stochastics %K at 9.62% indicates the stock is a buying.
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 2025-02-28, growing by 4.27 million shares to a total of 9.67 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 5.39 million shares. There was a rise of 44.21%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on September 19, 2024 when Northland Capital began covering the stock and recommended ‘”an Outperform”‘ rating along with a $5.50 price target.
