During the recent session, Marathon Digital Holdings Inc (NASDAQ:MARA)’s traded shares were 22.94 million, with the beta value of the company hitting 5.37. At the last check today, the stock’s price was $19.19, reflecting an intraday loss of -1.21% or -$0.23. The 52-week high for the MARA share is $34.09, that puts it down -77.64 from that peak though still a striking 62.69% gain since the share price plummeted to a 52-week low of $7.16. The company’s market capitalization is $5.42B, and the average intraday trading volume over the past 10 days was 50.7 million shares, and the average trade volume was 79.94 million shares over the past three months.
Marathon Digital Holdings Inc (NASDAQ:MARA) trade information
Marathon Digital Holdings Inc (MARA) registered a -1.21% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -1.21% in intraday trading to $19.19, hitting a weekly high. The stock’s 5-day price performance is -13.05%, and it has moved by -13.77% in 30 days. Based on these gigs, the overall price performance for the year is 127.64%. The short interest in Marathon Digital Holdings Inc (NASDAQ:MARA) is 45.31 million shares and it means that shorts have 0.55 day(s) to cover.
Marathon Digital Holdings Inc (MARA) estimates and forecasts
Statistics show that Marathon Digital Holdings Inc has underperformed its competitors in share price, compared to the industry in which it operates. Marathon Digital Holdings Inc (MARA) shares have gone up 162.88% during the last six months, with a year-to-date growth rate less than the industry average at -58.82% against 17.60. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 620.00% this quarter and then jump 215.40% in the quarter after that. In the rating firms’ projections, revenue will increase 96.60% compared to the previous financial year.
Revenue for the current quarter is expected to be $191.31 million as predicted by 6 analyst(s). Meanwhile, a consensus of 6 analyst(s) estimates revenue growth to $184.09 million by the end of Jun 2024. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $51.13 million and $81.76 million respectively. In this case, analysts expect current quarter sales to grow by 274.10% and then jump by 125.20% in the coming quarter.
MARA Dividends
Marathon Digital Holdings Inc is due to release its next quarterly earnings between May 08 and May 13. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Marathon Digital Holdings Inc (NASDAQ:MARA)’s Major holders
Marathon Digital Holdings Inc insiders own 3.59% of total outstanding shares while institutional holders control 40.09%, with the float percentage being 41.58%. Vanguard Group Inc is the largest shareholder of the company, while 374 institutions own stock in it. As of Jun 29, 2023, the company held over 17.52 million shares (or 8.28% of all shares), a total value of $242.87 million in shares.
The next largest institutional holding, with 12.21 million shares, is of Blackrock Inc.’s that is approximately 5.77% of outstanding shares. At the market price on Jun 29, 2023, these shares were valued at $169.16 million.
Also, the Mutual Funds coming in first place with the largest holdings of Marathon Digital Holdings Inc (MARA) shares are Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. Data provided on Jun 29, 2023 indicates that Vanguard Total Stock Market Index Fund owns about 5.03 million shares. This amounts to just over 2.38 percent of the company’s overall shares, with a $69.69 million market value. The same data shows that the other fund manager holds slightly less at 4.1 million, or about 1.94% of the stock, which is worth about $56.89 million.
