Marathon Digital Holdings Inc (MARA) Investors Will See A Big Return Again

Marathon Digital Holdings Inc (NASDAQ:MARA) has a beta value of 5.35 and has seen 39.23 million shares traded in the last trading session. The company, currently valued at $5.49B, closed the last trade at $19.43 per share which meant it gained $0.42 on the day or 2.21% during that session. The MARA stock price is -75.45% off its 52-week high price of $34.09 and 63.15% above the 52-week low of $7.16. The 3-month trading volume is 65.18 million shares.

Marathon Digital Holdings Inc (NASDAQ:MARA) trade information

Sporting 2.21% in the green in last session, the stock has traded in the green over the last five days, when the MARA stock price touched $19.43 or saw a rise of 3.04%. Year-to-date, Marathon Digital Holdings Inc shares have moved -17.28%, while the 5-day performance has seen it change 17.76%. Over the past 30 days, the shares of Marathon Digital Holdings Inc (NASDAQ:MARA) have changed -11.96%.

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 105.17% over the past 6 months, with this year growth rate of -123.53%, compared to 18.70% 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 540.00% and 169.20% for the next quarter. Revenue growth from the last financial year stood is estimated to be 92.50%.

6 analysts offering their estimates for the company have set an average revenue estimate of $180.69 million for the current quarter. 6 have an estimated revenue figure of $179.69 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 253.40% for the current quarter and 119.80% for the next.

Earnings growth for 2024 is a modest -103.00% 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 in May this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.