In the last trading session, 29.74 million MARA Holdings Inc. (NASDAQ:MARA) shares changed hands as the company’s beta touched 5.53. With the company’s per share price at $14.62 changed hands at $1.25 or 9.35% during last session, the market valuation stood at $4.31B. MARA’s last price was a discount, traded about -133.17% 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 51.03% up since then. When we look at MARA Holdings Inc.’s average trading volume, we note the 10-day average is 30.56 million shares, with the 3-month average coming to 41.25 million.

Analysts gave the MARA Holdings Inc. (MARA) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.36. If we narrow down to specifics, the data shows that 0 out of 8 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 3 recommended MARA as a Hold, 5 felt it is a Buy and 0 rated the stock as Underweight. MARA Holdings Inc.’s EPS for the current quarter is expected to be -0.21.

MARA Holdings Inc. (NASDAQ:MARA) trade information

Instantly MARA was in green as seen at the end of in last trading. With action -12.46%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -37.76%, with the 5-day performance at -12.46% in the red. However, in the 30-day time frame, MARA Holdings Inc. (NASDAQ:MARA) is -15.93% down. Looking at the short shares, we see there were 81.52 million shares sold at short interest cover period of 1.86 days.

The consensus price target for the stock as assigned by Wall Street analysts is 27, meaning bulls need an upside of 45.85% from its current market value. According to analyst projections, MARA’s forecast low is 12 with 66 as the target high. To hit the forecast high, the stock’s price needs a -351.44% plunge from its current level, while the stock would need to tank 17.92% for it to hit the projected low.

MARA Holdings Inc. (MARA) estimates and forecasts

Data shows that the MARA 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 -37.73% over the past 6 months, a -217.65% in annual growth rate that is considerably lower than the industry average of 17.10%. Year-over-year growth is forecast to reach 69.20% up from the last financial year.

Consensus estimates given by 7 financial analysts project the company’s revenue in the current quarter to hit an average of 153.03M. 7 analysts are of the opinion that MARA Holdings Inc.’s revenue for the current quarter will be 192.51M. The company’s revenue for the corresponding quarters a year ago was 97.85M and 156.77M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 56.40%. The estimates for the next quarter sales put growth at 22.80%.

The 2024 estimates are for MARA Holdings Inc. earnings to decrease by -87.90%, but the outlook for the next 5-year period is at 50.00% per year.

MARA Holdings Inc. (NASDAQ:MARA)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 2.00% of MARA Holdings Inc. shares while 56.83% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 57.99%. There are 56.83% institutions holding the MARA Holdings Inc. stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 16.6022% of the shares, roughly 43.02 million MARA shares worth $853.87 million.

VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 12.463% or 32.29 million shares worth $640.99 million as of 2024-06-30.