In the last trading session, 38.63 million Marathon Digital Holdings Inc (NASDAQ:MARA) shares changed hands as the company’s beta touched 5.49. With the company’s per share price at $17.52 changed hands at $0.45 or 2.64% during last session, the market valuation stood at $4.95B. MARA’s last price was a discount, traded about -94.58% off its 52-week high of $34.09. The share price had its 52-week low at $7.16, which suggests the last value was 59.13% up since then. When we look at Marathon Digital Holdings Inc’s average trading volume, we note the 3-month average coming to 62.09 million.
Marathon Digital Holdings Inc (NASDAQ:MARA) trade information
Instantly MARA was in green as seen at the end of in last trading. With action -9.83%, the performance over the past five days has been red. The jump to weekly highs of 18.89 added 2.64% to the stock’s daily price. The company’s shares are showing year-to-date downside of -25.42%, with the 5-day performance at -9.83% in the red. However, in the 30-day time frame, Marathon Digital Holdings Inc (NASDAQ:MARA) is -5.14% down.
Marathon Digital Holdings Inc (MARA) estimates and forecasts
Data shows that the Marathon Digital Holdings Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 96.41% over the past 6 months, a -123.53% in annual growth rate that is considerably lower than the industry average of 20.00%. Year-over-year growth is forecast to reach 92.50% up from the last financial year.
Consensus estimates given by 6 financial analysts project the company’s revenue in the current quarter to hit an average of 180.69M. 6 analysts are of the opinion that Marathon Digital Holdings Inc’s revenue for the current quarter will be 179.69M. The company’s revenue for the corresponding quarters a year ago was 51.13M and 81.76M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 253.40%. The estimates for the next quarter sales put growth at 119.80%.
The 2024 estimates are for Marathon Digital Holdings Inc earnings to decrease by -103.00%, but the outlook for the next 5-year period is at 50.00% per year.
MARA Dividends
Marathon Digital Holdings Inc is expected to release its next quarterly earnings report in June.
