MARA Holdings Inc (NASDAQ:MARA)’s traded shares stood at 24.22 million during the latest session, with the company’s beta value hitting 5.78. At the last check today, the stock’s price was $20.29, to imply an increase of 10.90% or $1.99 in intraday trading. The MARA share’s 52-week high remains $34.09, putting it -68.01% down since that peak but still an impressive 35.14% since price per share fell to its 52-week low of $13.16. The company has a valuation of $6.89B, with an average of 35.57 million shares in intraday trading volume over the past 10 days and average of 59.48 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for MARA Holdings Inc (MARA), translating to a mean rating of 2.27. Of 8 analyst(s) looking at the stock, 0 analyst(s) give MARA a Sell rating. 0 of those analysts rate the stock as Overweight while 3 advise Hold as 5 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.08.
MARA Holdings Inc (NASDAQ:MARA) trade information
After registering a 10.90% upside in the latest session, MARA Holdings Inc (MARA) has traded red over the past five days. The 5-day price performance for the stock is 13.63%, and -17.37% over 30 days. With these gigs, the year-to-date price performance is 21.02%. Short interest in MARA Holdings Inc (NASDAQ:MARA) saw shorts transact 84.25 million shares and set a 1.55 days time to cover.
The extremes give us $22 and $33 for target low and target high price respectively. As such, MARA has been trading -62.64% off suggested target high and -8.43% from its likely low.
MARA Holdings Inc (MARA) estimates and forecasts
Looking at statistics comparing MARA Holdings Inc share performance against respective industry, we note that the company has underperformed competitors. MARA Holdings Inc (MARA) shares are -14.19% down over the last 6 months, with its year-to-date growth rate lower than industry average at -241.18% against 15.00%. The rating firms project that company’s revenue will grow 61.82% compared to the previous financial year.
Revenue forecast for the current quarter as set by 10 analysts is 179.98M. Meanwhile, for the current quarter, a total of 8 analyst(s) estimate revenue growth to 218.22M.Earnings reports from the last fiscal year show that sales brought in 156.77M and 165.2M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 14.81% before jumping 32.10% in the following quarter.
MARA Dividends
MARA Holdings Inc has its next earnings report out in February. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
MARA Holdings Inc (NASDAQ:MARA)’s Major holders
MARA Holdings Inc insiders hold 1.64% of total outstanding shares, with institutional holders owning 52.90% of the shares at 53.78% float percentage. In total, 52.90% institutions holds shares in the company, led by BLACKROCK INC. As of 2024-06-30, the company held over 43.02 million shares (or 16.6022% of shares), all amounting to roughly $853.87 million.
The next major institution holding the largest number of shares is VANGUARD GROUP INC with 32.29 million shares, or about 12.463% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $640.99 million.
We also have iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund as the top two Mutual Funds with the largest holdings of the MARA Holdings Inc (MARA) shares. Going by data provided on Oct 31, 2024, iShares Core S&P Smallcap ETF holds roughly 18.76 shares. This is just over 5.83% of the total shares, with a market valuation of $386.77 million. Data from the same date shows that the other fund manager holds a little less at 8.88, or 2.76% of the shares, all valued at about 183.11 million.
