Marathon Digital Holdings Inc (NASDAQ: MARA): It Is A Stock Worth Considering Today

In the last trading session, 49.61 million shares of the Marathon Digital Holdings Inc (NASDAQ:MARA) were traded, and its beta was 5.40. Most recently the company’s share price was $16.50, and it changed around $1.47 or 9.78% from the last close, which brings the market valuation of the company to $4.66B. MARA currently trades at a discount to its 52-week high of $34.09, offering almost -106.61% off that amount. The share price’s 52-week low was $7.16, which indicates that the current value has risen by an impressive 56.61% since then. We note from Marathon Digital Holdings Inc’s average daily trading volume that its 3-month average coming to 66.99 million.

Marathon Digital Holdings Inc (NASDAQ:MARA) trade information

Instantly MARA has showed a green trend with a performance of 9.78% at the end of last trading. The performance over the last five days has remained in the green territory. The company’s shares are currently down -29.76% year-to-date, but still up 2.42% over the last five days. On the other hand, Marathon Digital Holdings Inc (NASDAQ:MARA) is -26.44% down in the 30-day period.

The consensus price target as assigned by Wall Street analysts is $32.8, which translates to bulls needing to increase their stock price by 49.7% from its current value. Analyst projections state that MARA is forecast to be at a low of $12 and a high of $66.

Marathon Digital Holdings Inc (MARA) estimates and forecasts

Marathon Digital Holdings Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 113.18 percent over the past six months and at a -123.53% annual growth rate that is well below the industry average of 18.30%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 540.00% in revenue this quarter, and will report an increase of 169.20% in the next quarter. The year-over-year growth rate is expected to be 92.50%, up from the previous year.

Consensus estimates provided by 6 financial analysts predict the company will bring in an average of $180.69 million in revenue for the current quarter. 6 analysts expect Marathon Digital Holdings Inc to make $179.69 million in revenue for the quarter ending Jun 2024. The company’s sales for the same quarters a year ago were $51.13 million and $81.76 million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 253.40%. Forecasts for the next quarter put sales growth at 119.80%.

Marathon Digital Holdings Inc earnings are expected to increase by -107.61% in 2024, but the outlook is positive 50.00% per year for the next five years.