Does Marathon Digital Holdings Inc (NASDAQ:MARA) Look Expensive At $16.07? Here’s How To Know.

In last trading session, Marathon Digital Holdings Inc (NASDAQ:MARA) saw 38.44 million shares changing hands with its beta currently measuring 5.39. Company’s recent per share price level of $16.07 trading at $0.01 or 0.06% at ring of the bell on the day assigns it a market valuation of $4.54B. That closing price of MARA’s stock is at a discount of -112.13% from its 52-week high price of $34.09 and is indicating a premium of 55.44% from its 52-week low price of $7.16. Taking a look at company’s average trading volume volume of 63.36 million if we extend that period to 3-months.

Marathon Digital Holdings Inc (NASDAQ:MARA) trade information

Upright in the green during last session for gaining 0.06%, in the last five days MARA remained trading in the red while hitting it’s week-highest on Friday, 04/26/24 when the stock touched $16.07 price level, adding 18.88% to its value on the day. Marathon Digital Holdings Inc’s shares saw a change of -31.59% in year-to-date performance and have moved -15.82% in past 5-day. Marathon Digital Holdings Inc (NASDAQ:MARA) showed a performance of -18.55% in past 30-days.

Marathon Digital Holdings Inc (MARA) estimates and forecasts

Statistics highlight that Marathon Digital Holdings Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company added 81.58% of value to its shares in past 6 months, showing an annual growth rate of -123.53% while that of industry is 19.30. Apart from that, the company came lowering its revenue forecast for fiscal year 2024.

In 2024, company’s earnings growth rate is likely to be around -103.00% while estimates for its earnings growth in next 5 years are of 50.00%.

MARA Dividends

Marathon Digital Holdings Inc is more likely to be releasing its next quarterly report in June and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.