In recent trading session, MARA Holdings Inc. (NASDAQ:MARA) saw 11.52 million shares changing hands at last check today with its beta currently measuring 5.53. Company’s recent per share price level of $17.38 trading at -$0.7 or -3.90% at last check today assigns it a market valuation of $5.12B. That most recent trading price of MARA’s stock is at a discount of -96.14% from its 52-week high price of $34.09 and is indicating a premium of 56.16% from its 52-week low price of $7.62. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 36.8 million shares which gives us an average trading volume of 36.35 million if we extend that period to 3-months.
For MARA Holdings Inc. (MARA), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.31. Splitting up the data highlights that, out of 8 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 3 suggested the stock as a Hold whereas 5 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.21 in the current quarter.
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MARA Holdings Inc. (NASDAQ:MARA) trade information
Upright in the red during last session for losing -3.90%, in the last five days MARA remained trading in the green while hitting it’s week-highest on Wednesday, 10/16/24 when the stock touched $17.38 price level, adding 4.45% to its value on the day. MARA Holdings Inc.’s shares saw a change of -26.03% in year-to-date performance and have moved 14.08% in past 5-day. MARA Holdings Inc. (NASDAQ:MARA) showed a performance of 13.27% in past 30-days. Number of shares sold short was 75.74 million shares which calculate 2.27 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 23.5 to the stock, which implies a rise of 26.04% to its recent value today. Analysts have been projecting 12 as a low price target for the stock while placing it at a high target of 66. It follows that stock’s current price would jump 30.96% in reaching the projected high whereas dropping to the targeted low would mean a gain of 30.96% for stock’s current value.
MARA Holdings Inc. (MARA) estimates and forecasts
Statistics highlight that MARA Holdings Inc. is scoring comparatively lower than the scores of other players of the relevant industry. The company added 15.60% of value to its shares in past 6 months, showing an annual growth rate of -223.53% while that of industry is 18.80. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 75.10% from the last financial year’s standing.
8 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 153.85M for the same. And 8 analysts are in estimates of company making revenue of 193.89M in the next quarter. Company posted 97.85M and 156.77M of sales in current and next quarters respectively a year earlier.
In 2024, company’s earnings growth rate is likely to be around -95.00% while estimates for its earnings growth in next 5 years are of 50.00%.
MARA Holdings Inc. (NASDAQ:MARA)’s Major holders
Insiders are in possession of 1.95% of company’s total shares while institution are holding 56.91 percent of that, with stock having share float percentage of 58.05%. Investors also watch the number of corporate investors in a company very closely, which is 56.91% institutions for MARA Holdings Inc. that are currently holding shares of the company. BLACKROCK INC. is the top institutional holder at MARA for having 43.02 million shares of worth $853.87 million. And as of 2024-06-30, it was holding 16.6022 of the company’s outstanding shares.
The second largest institutional holder is VANGUARD GROUP INC, which was holding about 32.29 million shares on 2024-06-30. The number of shares represents firm’s hold over 12.463 of outstanding shares, having a total worth of $640.99 million.
