Why Acquire Shares Of MARA Holdings Inc (MARA)?

MARA Holdings Inc (NASDAQ:MARA) has a beta value of 5.71 and has seen 64.52 million shares traded in the last trading session. The company, currently valued at $7.96B, closed the last trade at $24.56 per share which meant it gained $1.83 on the day or 8.05% during that session. The MARA stock price is -38.8% off its 52-week high price of $34.09 and 46.42% above the 52-week low of $13.16. If we look at the company’s 10-day average daily trading volume, we find that it stood at 68.63 million shares traded. The 3-month trading volume is 57.80 million shares.

The consensus among analysts is that MARA Holdings Inc (MARA) is Buy stock at the moment, with a recommendation rating of 2.36. 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 8.05% in the green 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 $24.56 or saw a rise of 3.5%. Year-to-date, MARA Holdings Inc shares have moved 4.56%, while the 5-day performance has seen it change 2.96%. Over the past 30 days, the shares of MARA Holdings Inc (NASDAQ:MARA) have changed 18.13%. Short interest in the company has seen 65.84 million shares shorted with days to cover at 0.84.

Wall Street analysts have a consensus price target for the stock at $24, which means that the shares’ value could drop -2.33% from current levels. The projected low price target is $22.0 while the price target rests at a high of $33.0. In that case, then, we find that the current price level is -34.36% off the targeted high while a plunge would see the stock lose 10.42% 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 22.68% over the past 6 months, with this year growth rate of -217.65%, compared to 16.30% for the industry. Revenue growth from the last financial year stood is estimated to be 60.58%.

9 analysts offering their estimates for the company have set an average revenue estimate of 178.59M for the current quarter. 7 have an estimated revenue figure of 220.8M 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 13.92% for the current quarter and 60.58% for the next.

Earnings growth for 2024 is a modest -107.45% 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 January 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 1.65% of the company shares, while shares held by institutions stand at 52.33% with a share float percentage of 53.21%. Investors are also buoyed by the number of investors in a company, with MARA Holdings Inc having a total of 454.0 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 18.71 shares of worth $459.6 million while later fund manager owns 8.88 shares of worth $218.1 million as of Sep 30, 2024 , which makes it owner of about 2.76% of company’s outstanding stock.