Marathon Digital Holdings Inc (NASDAQ: MARA) Loses -23.67% From High. Why That Could Change?

Currently, there are 222.62M common shares owned by the public and among those 215.55M shares have been available to trade.

Insiders at the company have transacted a total of 7 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 3 of these insider trades were purchases, accounting for 46,031 shares. Insider sales of the common stock occurred on 4 occasions, with total insider shares sold totaling 31,000 shares.

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However, the script later moved the day high at 24.36, up 10.70%. The company’s stock has a 5-day price change of 31.26% and 179.42% over the past three months. MARA shares are trading 1.70% year to date (YTD), with the 12-month market performance up to 250.81% higher. It has a 12-month low price of $5.13 and touched a high of $31.30 over the same period. MARA has an average intraday trading volume of 1.54 shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 34.56%, 23.77%, and 80.49% respectively.

Institutional ownership of Marathon Digital Holdings Inc (NASDAQ: MARA) shares accounts for 37.86% of the company’s 222.62M shares outstanding.

It has a market capitalization of $5.32B and a beta (3y monthly) value of 5.37. The earnings-per-share (ttm) stands at -$2.97. Price movements for the stock have been influenced by the stock’s volatility, which stands at 10.45% over the week and 11.93% over the month.

Analysts forecast that Marathon Digital Holdings Inc (MARA) will achieve an EPS of $Paramount Global for the current quarter, $12.90 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Marathon Oil Corporation while analysts give the company a high EPS estimate of $Marathon Petroleum Corporation. Comparatively, EPS for the current quarter was $Marriott International a year ago. Earnings per share for the fiscal year are expected to increase by 102.49%, and -89.50% over the next financial year. EPS should grow at an annualized rate of 50.00% over the next five years, compared to 20.62% over the past 5-year period.

Looking at the support for the MARA, a number of firms have released research notes about the stock. BTIG Research stated their Buy rating for the stock in a research note on January 17, 2024, with the firm’s price target at $27.

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