In last trading session, MARA Holdings Inc (NASDAQ:MARA) saw 47.45 million shares changing hands with its beta currently measuring 5.73. Company’s recent per share price level of $20.37 trading at -$1.24 or -5.74% at ring of the bell on the day assigns it a market valuation of $6.56B. That closing price of MARA’s stock is at a discount of -67.35% from its 52-week high price of $34.09 and is indicating a premium of 35.4% from its 52-week low price of $13.16. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 61.25 million shares which gives us an average trading volume of 59.19 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 2.27. 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 -0.08 in the current quarter.
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MARA Holdings Inc (NASDAQ:MARA) trade information
Upright in the red during last session for losing -5.74%, in the last five days MARA remained trading in the red while hitting it’s week-highest on Tuesday, 12/17/24 when the stock touched $20.37 price level, adding 20.37% to its value on the day. MARA Holdings Inc’s shares saw a change of -13.28% in year-to-date performance and have moved -9.79% in past 5-day. MARA Holdings Inc (NASDAQ:MARA) showed a performance of 2.57% in past 30-days. Number of shares sold short was 65.84 million shares which calculate 0.84 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 24 to the stock, which implies a rise of 15.12% to its current value. Analysts have been projecting 22 as a low price target for the stock while placing it at a high target of 33. It follows that stock’s current price would drop -8.0% in reaching the projected high whereas dropping to the targeted low would mean a loss of -8.0% 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 6.04% of value to its shares in past 6 months, showing an annual growth rate of -217.65% while that of industry is 17.40. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 60.02% from the last financial year’s standing.
10 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 175.46M for the same. And 8 analysts are in estimates of company making revenue of 219.49M in the next quarter. Company posted 156.77M and 165.2M of sales in current and next quarters respectively a year earlier.
In 2024, company’s earnings growth rate is likely to be around -108.67% 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 1.65% of company’s total shares while institution are holding 52.33 percent of that, with stock having share float percentage of 53.21%. Investors also watch the number of corporate investors in a company very closely, which is 52.33% 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.
