During the last session, MARA Holdings Inc (NASDAQ:MARA)’s traded shares were 122.67 million, with the beta value of the company hitting 5.56. At the end of the trading day, the stock’s price was $22.63, reflecting an intraday gain of 13.95% or $2.77. The 52-week high for the MARA share is $34.09, that puts it down -50.64 from that peak though still a striking 56.34% gain since the share price plummeted to a 52-week low of $9.88. The company’s market capitalization is $7.28B, and the average intraday trading volume over the past 10 days was 79.13 million shares, and the average trade volume was 43.28 million shares over the past three months.
MARA Holdings Inc (MARA) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.36. MARA has a Sell rating from 0 analyst(s) out of 8 analysts who have looked at this stock. 3 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 5 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.14.
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MARA Holdings Inc (NASDAQ:MARA) trade information
MARA Holdings Inc (MARA) registered a 13.95% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 13.95% in intraday trading to $22.63, hitting a weekly high. The stock’s 5-day price performance is 4.29%, and it has moved by 19.29% in 30 days. Based on these gigs, the overall price performance for the year is 112.69%. The short interest in MARA Holdings Inc (NASDAQ:MARA) is 70.43 million shares and it means that shorts have 1.73 day(s) to cover.
The consensus price target of analysts on Wall Street is $25.5, which implies an increase of 11.25% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $12 and $66 respectively. As a result, MARA is trading at a discount of -191.65% off the target high and 46.97% off the low.
MARA Holdings Inc (MARA) estimates and forecasts
Statistics show that MARA Holdings Inc has underperformed its competitors in share price, compared to the industry in which it operates. MARA Holdings Inc (MARA) shares have gone up 6.54% during the last six months, with a year-to-date growth rate less than the industry average at -29.41% against 19.70. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 468.42% this quarter and then drop -78.33% in the quarter after that. In the rating firms’ projections, revenue will increase 58.20% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 175.48M as predicted by 7 analyst(s). Meanwhile, a consensus of 6 analyst(s) estimates revenue growth to 213.83M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 156.77M and 165.2M respectively. In this case, analysts expect current quarter sales to grow by 11.94% and then jump by 29.44% in the coming quarter.
While earnings are projected to return -106.69% in 2024, the next five years will return 50.00% per annum.
MARA Dividends
MARA Holdings Inc is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
MARA Holdings Inc (NASDAQ:MARA)’s Major holders
MARA Holdings Inc insiders own 1.73% of total outstanding shares while institutional holders control 52.45%, with the float percentage being 53.38%. BLACKROCK INC. is the largest shareholder of the company, while 455.0 institutions own stock in it. As of 2024-06-30, the company held over 43.02 million shares (or 16.6022% of all shares), a total value of $853.87 million in shares.
The next largest institutional holding, with 32.29 million shares, is of VANGUARD GROUP INC’s that is approximately 12.463% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $640.99 million.
