In the latest trading session, 14.27 million MARA Holdings Inc (NASDAQ:MARA) shares changed hands as the company’s beta touched 5.78. With the company’s most recent per share price at $17.30 changing hands around $0.11 or 0.66% at last look, the market valuation stands at $5.87B. MARA’s current price is a discount, trading about -97.05% 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 23.93% up since then. When we look at MARA Holdings Inc’s average trading volume, we note the 10-day average is 35.47 million shares, with the 3-month average coming to 60.60 million.
Analysts gave the MARA Holdings Inc (MARA) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.27. 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 is in green as seen in intraday trades today. With action -15.80%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 3.18%, with the 5-day performance at -15.80% in the red. However, in the 30-day time frame, MARA Holdings Inc (NASDAQ:MARA) is -25.64% down. Looking at the short shares, we see there were 84.25 million shares sold at short interest cover period of 1.55 days.
The consensus price target for the stock as assigned by Wall Street analysts is 24, meaning bulls need an upside of 27.92% from its recent market value. According to analyst projections, MARA’s forecast low is 22 with 33 as the target high. To hit the forecast high, the stock’s price needs a -90.75% plunge from its current level, while the stock would need to soar -27.17% 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 -29.61% over the past 6 months, a -241.18% in annual growth rate that is considerably lower than the industry average of 16.10%. Year-over-year growth is forecast to reach 61.82% up from the last financial year.
Consensus estimates given by 10 financial analysts project the company’s revenue in the current quarter to hit an average of 179.98M. 8 analysts are of the opinion that MARA Holdings Inc’s revenue for the current quarter will be 218.22M. 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 14.81%. The estimates for the next quarter sales put growth at 32.10%.
The 2025 estimates are for MARA Holdings Inc earnings to decrease by -107.94%.
MARA Dividends
MARA Holdings Inc is expected to release its next quarterly earnings report in February.
MARA Holdings Inc (NASDAQ:MARA)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 1.64% of MARA Holdings Inc shares while 52.93% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 53.81%. There are 52.93% 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.
Among Mutual Funds, the top two as of Oct 31, 2024 were iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund. With 18.76 shares estimated at $326.0 million under it, the former controlled 5.83% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.76% of the shares, roughly 8.88 shares worth around $154.34 million.
