In today’s recent session, 17.47 million shares of the MARA Holdings Inc (NASDAQ:MARA) have been traded, and its beta is 5.78. Most recently the company’s share price was $18.74, and it changed around -$1.17 or -5.88% from the last close, which brings the market valuation of the company to $6.36B. MARA at last check was trading at a discount to its 52-week high of $34.09, offering almost -81.91% off that amount. The share price’s 52-week low was $13.16, which indicates that the recent value has risen by an impressive 29.78% since then. We note from MARA Holdings Inc’s average daily trading volume that its 10-day average is 40.44 million shares, with the 3-month average coming to 60.20 million.
MARA Holdings Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.27. If we narrow it down even further, the data shows that 0 out of 14 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 9 recommended MARA as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight. MARA Holdings Inc is expected to report earnings per share of -0.08 for the current quarter.
MARA Holdings Inc (NASDAQ:MARA) trade information
Instantly MARA has been showing red trend so far today with a performance of -5.88% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 20.98 on recent trading dayincreased the stock’s daily price by 10.68%. The company’s shares are currently up 11.74% year-to-date, but still up 9.01% over the last five days. On the other hand, MARA Holdings Inc (NASDAQ:MARA) is -23.82% down in the 30-day period. We can see from the shorts that 84.25 million shares have been sold at a short interest cover period of 1.55 day(s).
The consensus price target as assigned by Wall Street analysts is $24, which translates to bulls needing to increase their stock price by 21.92% from its current value. Analyst projections state that MARA is forecast to be at a low of $22 and a high of $33.
MARA Holdings Inc (MARA) estimates and forecasts
MARA Holdings Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -24.22 percent over the past six months and at a -241.18% annual growth rate that is well below the industry average of 16.00%. The year-over-year growth rate is expected to be 61.82%, up from the previous year.
Consensus estimates provided by 10 financial analysts predict the company will bring in an average of 179.98M in revenue for the current quarter. 8 analysts expect MARA Holdings Inc to make 218.22M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 156.77M and 165.2M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 14.81%. Forecasts for the next quarter put sales growth at 32.10%.
MARA Dividends
MARA Holdings Inc’s next quarterly earnings report is expected to be released in February.
MARA Holdings Inc (NASDAQ:MARA)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 1.64% of MARA Holdings Inc shares, and 53.23% of them are in the hands of institutional investors. The stock currently has a share float of 54.12%. MARA Holdings Inc stock is held by 457.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 16.6022% of the shares, which is about 43.02 million shares worth $853.87 million.
VANGUARD GROUP INC, with 12.463% or 32.29 million shares worth $640.99 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Oct 31, 2024 . The former held 18.76 shares worth $355.64 million, making up 5.83% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 8.88 shares worth around $168.37 million, which represents about 2.76% of the total shares outstanding.
