Investor Confidence Dwindles After MARA Holdings Inc. (NASDAQ: MARA) Shares Drop By About -1.7

MARA Holdings Inc (NASDAQ:MARA) has a beta value of 5.77 and has seen 18.56 million shares traded in the recent trading session. The company, currently valued at $6.21B, closed the recent trade at $18.29 per share which meant it lost -$1.7 on the day or -8.50% during that session. The MARA stock price is -86.39% off its 52-week high price of $34.09 and 28.05% 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 43.61 million shares traded. The 3-month trading volume is 60.72 million shares.

The consensus among analysts is that MARA Holdings Inc (MARA) is Buy stock at the moment, with a recommendation rating of 2.29. 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.

MARA Holdings Inc (NASDAQ:MARA) trade information

Sporting -8.50% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the MARA stock price touched $18.29 or saw a rise of 13.6%. Year-to-date, MARA Holdings Inc shares have moved 9.06%, while the 5-day performance has seen it change -8.14%. Over the past 30 days, the shares of MARA Holdings Inc (NASDAQ:MARA) have changed -4.99%. Short interest in the company has seen 84.25 million shares shorted with days to cover at 1.55.

Wall Street analysts have a consensus price target for the stock at $24, which means that the shares’ value could jump 23.79% from the levels at last check today. 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 latest price level in today’s session is -80.43% off the targeted high while a plunge would see the stock gain -20.28% from the levels at last check today.

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 lost -9.81% over the past 6 months, with this year growth rate of -241.18%, compared to 15.10% for the industry. Revenue growth from the last financial year stood is estimated to be 61.82%.

10 analysts offering their estimates for the company have set an average revenue estimate of 179.98M for the current quarter. 8 have an estimated revenue figure of 218.22M 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 14.81% for the current quarter and 61.82% for the next.

MARA Dividends

MARA Holdings Inc is expected to release its next earnings report in February 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 0.57% of the company shares, while shares held by institutions stand at 50.21% with a share float percentage of 50.50%. Investors are also buoyed by the number of investors in a company, with MARA Holdings Inc having a total of 458.0 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 Nov 30, 2024 , the former fund manager holds about 5.62% shares in the company for having 19.06 shares of worth $346.38 million while later fund manager owns 8.88 shares of worth $161.35 million as of Sep 30, 2024 , which makes it owner of about 2.62% of company’s outstanding stock.