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Marathon Digital Holdings Inc (NASDAQ: MARA) Is Becoming An Interest-Losing Stock With A 10.70% Incline

In the last trading session, 117.14 million Marathon Digital Holdings Inc (NASDAQ:MARA) shares changed hands as the company’s beta touched 5.39. With the company’s per share price at $23.89 changed hands at $2.31 or 10.70% during last session, the market valuation stood at $5.32B. MARA’s last price was a discount, traded about -31.02% off its 52-week high of $31.30. The share price had its 52-week low at $5.13, which suggests the last value was 78.53% up since then. When we look at Marathon Digital Holdings Inc’s average trading volume, we note the 10-day average is 70.81 million shares, with the 3-month average coming to 1.54.

Marathon Digital Holdings Inc (NASDAQ:MARA) trade information

Instantly MARA was in green as seen at the end of in last trading. With action 31.26%, the performance over the past five days has been green. The jump to weekly highs of 24.36 added 10.70% to the stock’s daily price. The company’s shares are showing year-to-date upside of 1.70%, with the 5-day performance at 31.26% in the green. However, in the 30-day time frame, Marathon Digital Holdings Inc (NASDAQ:MARA) is -6.79% down. Looking at the short shares, we see there were 46.92 million shares sold at short interest cover period of 0.48 days.

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Marathon Digital Holdings Inc (MARA) estimates and forecasts

Data shows that the Marathon Digital Holdings Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 64.19% over the past 6 months, a 95.08% in annual growth rate that is considerably higher than the industry average of 8.60%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2024 revenue estimates. The rating firms predict current quarter revenue for Marathon Digital Holdings Inc will rise 103.80%, while the growth in revenue is estimated to hit 300.00% for the next quarter. Year-over-year growth is forecast to reach 216.60% up from the last financial year.

Consensus estimates given by 8 financial analysts project the company’s revenue in the current quarter to hit an average of $141.41 million. 5 analysts are of the opinion that Marathon Digital Holdings Inc’s revenue for the quarter ending Mar 2024 will be $172.91 million. The company’s revenue for the corresponding quarters a year ago was $28.42 million and $51.13 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 397.60%. The estimates for the next quarter sales put growth at 238.20%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 20.62%. The 2024 estimates are for Marathon Digital Holdings Inc earnings to increase by 102.49%, but the outlook for the next 5-year period is at 50.00% per year.

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