MARA Holdings Inc (NASDAQ:MARA) has a beta value of 5.63 and has seen 90.25 million shares traded in the last trading session. The company, currently valued at $8.04B, closed the last trade at $24.97 per share which meant it lost -$1.45 on the day or -5.49% during that session. The MARA stock price is -36.52% off its 52-week high price of $34.09 and 56.91% above the 52-week low of $10.76. If we look at the company’s 10-day average daily trading volume, we find that it stood at 100.31 million shares traded. The 3-month trading volume is 48.96 million shares.
The consensus among analysts is that MARA Holdings Inc (MARA) is Buy stock at the moment, with a recommendation rating of 2.50. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 3 out of 8 have rated it as a Hold, with 5 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.08.
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MARA Holdings Inc (NASDAQ:MARA) trade information
Sporting -5.49% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the MARA stock price touched $24.97 or saw a rise of 13.57%. Year-to-date, MARA Holdings Inc shares have moved 6.30%, while the 5-day performance has seen it change 25.73%. Over the past 30 days, the shares of MARA Holdings Inc (NASDAQ:MARA) have changed 31.84%. Short interest in the company has seen 64.81 million shares shorted with days to cover at 1.2.
Wall Street analysts have a consensus price target for the stock at $24.5, which means that the shares’ value could drop -1.92% from current levels. The projected low price target is $12.0 while the price target rests at a high of $33.0. In that case, then, we find that the current price level is -32.16% off the targeted high while a plunge would see the stock lose 51.94% from current levels.
MARA Holdings Inc (MARA) estimates and forecasts
Figures show that MARA Holdings Inc shares have underperformed across the wider relevant industry. The company’s shares have gained 23.37% over the past 6 months, with this year growth rate of -217.65%, compared to 18.40% for the industry. Revenue growth from the last financial year stood is estimated to be 58.21%.
8 analysts offering their estimates for the company have set an average revenue estimate of 174.99M for the current quarter. 6 have an estimated revenue figure of 214.84M for the next ending quarter. Year-ago sales stood 156.77M and 165.2M respectively for this quarter and the next, and analysts expect sales will grow by 11.62% for the current quarter and 58.21% for the next.
Earnings growth for 2024 is a modest -102.06% while over the next 5 years, the company’s earnings are expected to increase by 50.00%.
MARA Dividends
MARA Holdings Inc is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
MARA Holdings Inc (NASDAQ:MARA)’s Major holders
Insiders own 1.66% of the company shares, while shares held by institutions stand at 52.42% with a share float percentage of 53.31%. Investors are also buoyed by the number of investors in a company, with MARA Holdings Inc having a total of 455.0 institutions that hold shares in the company. The top two institutional holders are BLACKROCK INC. with over 43.02 million shares worth more than $853.87 million. As of 2024-06-30, BLACKROCK INC. held 16.6022% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 32.29 million shares as of 2024-06-30. The firm’s total holdings are worth over $640.99 million and represent 12.463% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund . As of Sep 30, 2024 , the former fund manager holds about 5.81% shares in the company for having 18.7 shares of worth $466.88 million while later fund manager owns 8.21 shares of worth $204.98 million as of Jun 30, 2024 , which makes it owner of about 2.55% of company’s outstanding stock.
