Marathon Digital Holdings Inc (NASDAQ:MARA) has a beta value of 5.38 and has seen 31.47 million shares traded in the last trading session. The company, currently valued at $5.21B, closed the last trade at $18.43 per share which meant it lost -$0.04 on the day or -0.22% during that session. The MARA stock price is -84.97% off its 52-week high price of $34.09 and 61.15% above the 52-week low of $7.16. If we look at the company’s 10-day average daily trading volume, we find that it stood at 48.04 million shares traded. The 3-month trading volume is 79.28 million shares.
Marathon Digital Holdings Inc (NASDAQ:MARA) trade information
Sporting -0.22% in the red in last session, the stock has traded in the red over the last five days, when the MARA stock price touched $18.43 or saw a rise of 18.09%. Year-to-date, Marathon Digital Holdings Inc shares have moved -21.54%, while the 5-day performance has seen it change -18.38%. Over the past 30 days, the shares of Marathon Digital Holdings Inc (NASDAQ:MARA) have changed -18.52%. Short interest in the company has seen 45.31 million shares shorted with days to cover at 0.55.
Marathon Digital Holdings Inc (MARA) estimates and forecasts
Figures show that Marathon Digital Holdings Inc shares have underperformed across the wider relevant industry. The company’s shares have gained 144.43% over the past 6 months, with this year growth rate of -58.82%, compared to 16.40% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are 620.00% and 215.40% for the next quarter. Revenue growth from the last financial year stood is estimated to be 96.60%.
6 analysts offering their estimates for the company have set an average revenue estimate of $191.31 million for the current quarter. 6 have an estimated revenue figure of $184.09 million for the next quarter concluding in Jun 2024. Year-ago sales stood $51.13 million and $81.76 million respectively for this quarter and the next, and analysts expect sales will grow by 274.10% for the current quarter and 125.20% for the next.
Earnings growth for 2024 is a modest -105.07% while over the next 5 years, the company’s earnings are expected to increase by 50.00%.
MARA Dividends
Marathon Digital Holdings Inc is expected to release its next earnings report between May 08 and May 13 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Marathon Digital Holdings Inc (NASDAQ:MARA)’s Major holders
Insiders own 3.59% of the company shares, while shares held by institutions stand at 40.09% with a share float percentage of 41.58%. Investors are also buoyed by the number of investors in a company, with Marathon Digital Holdings Inc having a total of 374 institutions that hold shares in the company. The top two institutional holders are Vanguard Group Inc with over 17.52 million shares worth more than $242.87 million. As of Jun 29, 2023, Vanguard Group Inc held 8.28% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 12.21 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $169.16 million and represent 5.77% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. As of Jun 29, 2023, the former fund manager holds about 2.38% shares in the company for having 5.03 million shares of worth $69.69 million while later fund manager owns 4.1 million shares of worth $56.89 million as of Jun 29, 2023, which makes it owner of about 1.94% of company’s outstanding stock.
