In the latest trading session, 10.32 million shares of the MARA Holdings Inc. (NASDAQ:MARA) were traded, and its beta was 5.53. Most recently the company’s share price was $15.80, and it changed around -$0.32 or -1.99% from the last close, which brings the market valuation of the company to $4.65B. MARA currently trades at a discount to its 52-week high of $34.09, offering almost -115.76% off that amount. The share price’s 52-week low was $7.16, which indicates that the current value has risen by an impressive 54.68% since then. We note from MARA Holdings Inc.’s average daily trading volume that its 10-day average is 30.93 million shares, with the 3-month average coming to 40.12 million.
MARA Holdings Inc. stock received a consensus recommendation rating of Hold, based on a mean score of 2.36. If we narrow it down even further, the data shows that 1 out of 10 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 5 recommended MARA as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. MARA Holdings Inc. is expected to report earnings per share of -0.21 for the current quarter.
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MARA Holdings Inc. (NASDAQ:MARA) trade information
Instantly MARA has showed a red trend with a performance of -1.99% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 16.72 on recent trading dayincreased the stock’s daily price by 5.5%. The company’s shares are currently down -32.74% year-to-date, but still up 8.07% over the last five days. On the other hand, MARA Holdings Inc. (NASDAQ:MARA) is 2.20% up in the 30-day period. We can see from the shorts that 81.01 million shares have been sold at a short interest cover period of 2.35 day(s).
The consensus price target as assigned by Wall Street analysts is $27, which translates to bulls needing to increase their stock price by 41.48% from its current value. Analyst projections state that MARA is forecast to be at a low of $12 and a high of $66.
MARA Holdings Inc. (MARA) estimates and forecasts
MARA 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 fallen -18.22 percent over the past six months and at a -229.41% annual growth rate that is well below the industry average of 18.00%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -160.00% in revenue this quarter, and will report a decrease of -118.20% in the next quarter. The year-over-year growth rate is expected to be 72.30%, up from the previous year.
Consensus estimates provided by 7 financial analysts predict the company will bring in an average of 152.32M in revenue for the current quarter. 7 analysts expect MARA Holdings Inc. to make 191.47M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 97.85M and 156.77M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 55.70%. Forecasts for the next quarter put sales growth at 22.10%.
MARA Holdings Inc. earnings are expected to increase by -100.48% in 2024, but the outlook is positive 50.00% per year for the next five years.
MARA Dividends
MARA Holdings Inc.’s next quarterly earnings report is expected to be released on 2024-Nov-06.
MARA Holdings Inc. (NASDAQ:MARA)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 2.00% of MARA Holdings Inc. shares, and 56.75% of them are in the hands of institutional investors. The stock currently has a share float of 57.91%. MARA Holdings Inc. stock is held by 466.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 16.6022% of the shares, which is about 43.02 million shares worth $853.87 million.
VANGUARD GROUP INC, with 12.463% or 32.29 million shares worth $640.99 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
