In the last trading session, 60.26 million MARA Holdings Inc (NASDAQ:MARA) shares changed hands as the company’s beta touched 5.71. With the company’s per share price at $25.13 changed hands at -$0.5 or -1.95% during last session, the market valuation stood at $8.09B. MARA’s last price was a discount, traded about -35.65% off its 52-week high of $34.09. The share price had its 52-week low at $13.16, which suggests the last value was 47.63% up since then. When we look at MARA Holdings Inc’s average trading volume, we note the 10-day average is 112.54 million shares, with the 3-month average coming to 53.39 million.

Analysts gave the MARA Holdings Inc (MARA) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.50. 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 -0.08.

MARA Holdings Inc (NASDAQ:MARA) trade information

Instantly MARA was in red as seen at the end of in last trading. With action -4.88%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 6.98%, with the 5-day performance at -4.88% in the red. However, in the 30-day time frame, MARA Holdings Inc (NASDAQ:MARA) is 55.99% up. Looking at the short shares, we see there were 64.81 million shares sold at short interest cover period of 1.2 days.

The consensus price target for the stock as assigned by Wall Street analysts is 24.5, meaning bulls need a downside of -2.57% from its current market value. According to analyst projections, MARA’s forecast low is 12 with 33 as the target high. To hit the forecast high, the stock’s price needs a -31.32% plunge from its current level, while the stock would need to tank 52.25% 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 22.47% over the past 6 months, a -217.65% in annual growth rate that is considerably lower than the industry average of 16.80%. Year-over-year growth is forecast to reach 59.05% up from the last financial year.

Consensus estimates given by 8 financial analysts project the company’s revenue in the current quarter to hit an average of 178.24M. 6 analysts are of the opinion that MARA Holdings Inc’s revenue for the current quarter will be 219.02M. The company’s revenue for the corresponding quarters a year ago was 156.77M and 165.2M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 13.69%. The estimates for the next quarter sales put growth at 32.58%.

The 2024 estimates are for MARA Holdings Inc earnings to decrease by -102.06%, but the outlook for the next 5-year period is at 50.00% per year.

MARA Dividends

MARA Holdings Inc is expected to release its next quarterly earnings report in January.

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

If we look at who the major shareholders are, we find that insiders hold 1.66% of MARA Holdings Inc shares while 52.44% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 53.32%. There are 52.44% 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.