In the last trading session, 10,040,966 Marathon Digital Holdings, Inc. (NASDAQ:MARA) shares changed hands as the company’s beta touched 4.47. With the company’s per share price at $27.83 changed hands at -$1.09 or -0.04% during last session, the market valuation stood at $2.77 Billion. MARA’s last price was a discount, traded about -107.51% off its 52-week high of $57.75. The share price had its 52-week low at $0.85, which suggests the last value was 96.95% up since then. When we look at Marathon Digital Holdings, Inc.’s average trading volume, we note the 10-day average is 12.29 Million shares, with the 3-month average coming to 19.45 Million.
Analysts gave the Marathon Digital Holdings, Inc. (MARA) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2. If we narrow down to specifics, the data shows that none out of 3 analysts rate the stock as a Sell, with a further none assigning it an Overweight rating. Of the remaining, none recommended MARA as a Hold, 3 felt it is a Buy and none rated the stock as Underweight. Marathon Digital Holdings, Inc.’s EPS for the current quarter is expected to be $0.18.
Marathon Digital Holdings, Inc. (NASDAQ:MARA) trade information
Although MARA has turned red as seen at the end of in last trading. With action -3.77%, the performance over the past five days has been red. The jump to weekly highs of $32.04 on Thursday, Jun 17 added 13.14% to the stock’s daily price. The company’s shares are showing year-to-date upside of 1.67%, with the 5-day performance at -0.07% in the red. However, in the 30-day time frame, Marathon Digital Holdings, Inc. (NASDAQ:MARA) is 0.33% up. Looking at the short shares, we see there were 9.9 Million shares sold at short interest cover period of 0.51 days.
The consensus price target for the stock as assigned by Wall Street analysts is $45.67, meaning bulls need an upside of 64.1% from its current market value. According to analyst projections, MARA’s forecast low is $40 with $50 as the target high. To hit the forecast high, the stock’s price needs a +79.66% upsurge from its current level, while the stock would need to tank 43.73% for it to hit the projected low.
Marathon Digital Holdings, Inc. (MARA) estimates and forecasts
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 63.2%. The 2021 estimates are for Marathon Digital Holdings, Inc. earnings to increase by 75.7%, but the outlook for the next 5-year period is at 50% per year.
Marathon Digital Holdings, Inc. (NASDAQ:MARA)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 10.86% of Marathon Digital Holdings, Inc. shares while 25.54% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 28.65%. There are 164 institutions holding the Marathon Digital Holdings, Inc. stock share, with Vanguard Group, Inc. (The) the top institutional holder. As of Mar 30, 2021, the company held 7.58% of the shares, roughly 7.55 Million MARA shares worth $362.78 Million.
Susquehanna International Group, LLP holds the second largest percentage of outstanding shares, with 2.7% or 2.69 Million shares worth $129.15 Million as of Mar 30, 2021.
Among Mutual Funds, the top two as of Mar 30, 2021 were Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. With 2516728 shares estimated at $120.85 Million under it, the former controlled 2.53% of total outstanding shares. On the other hand, Vanguard Small-Cap Index Fund held about 2.19% of the shares, roughly 2.18 Million shares worth around $104.67 Million.