Marathon Digital Holdings Inc (NASDAQ:MARA) does about 78.30M shares in volume on a normal day but saw 44209675 shares change hands in Monday trading. The company now has a market cap of 5.07B USD. Its current market price is $17.95, marking a decrease of -2.60% compared to the previous close of $18.43. The 52 week high reached by this stock is $34.09 whilst the lowest price level in 52 weeks is $7.16.
Marathon Digital Holdings Inc (MARA) has a 20-day trading average at $20.18 and the current price is -47.35% off the 52-week high compared with 150.70% distance from its 52-week low. The 50-day simple moving average of the closing price is $22.02 and its 200-day simple moving average is $15.90. If we look at the stock’s price movements over the week, volatility stands at 8.11%, which increases to 10.38% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 39.22 to suggest the stock is neutral.
The consensus objective for the share price is $23.91, suggesting that the stock has a potential upside of 24.93% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on January 17, 2024 when BTIG Research upgraded the stock to “Buy” and issued a price target of $27. JP Morgan initiated its price target at $5.
Marathon Digital Holdings Inc (MARA) stock is down -17.01% over the week and -17.66% over the past month. Its price is -23.58% year-to-date and 126.36% over the past year.
The stock last released its quarterly earnings report for quarter ended 12/30/2023, with the company’s earnings per share (EPS) of $0.66 above consensus estimates by $0.63. MARA’s earnings per share are forecast to shrink by -38.70% this year and -38.50% over next year. Expected sales for next quarter are $184.09 million, which analysts say will come at $761.82 million for the current fiscal year and next year at $1.01 billion. In addition, estimates put the company’s current quarterly revenue at an average of $191.31 million.
To reach the target analysts have set, the stock logically needs to grow 24.93 percent from here.
Outstanding shares total 282.64M with insiders holding 3.59% of the shares and institutional holders owning 40.09% of the company’s common stock. The company has a return on investment of 13.34% and return on equity of 26.09%. The price to earnings ratio (P/E ratio) amounts to 15.97 while the forward price to earnings ratio is 59.81. The beta has a value of 5.37. Price to book ratio is 2.70 and price to sales ratio is 13.09.
