Marathon Digital Holdings Inc (NASDAQ: MARA) Is Getting Increasingly Hard To Ignore

Currently, there are 282.64M common shares owned by the public and among those 276.61M shares have been available to trade.

The company’s stock has a 5-day price change of 3.67% and -27.33% over the past three months. MARA shares are trading -3.87% year to date (YTD), with the 12-month market performance up to 213.61% higher. It has a 12-month low price of $6.87 and touched a high of $34.09 over the same period. MARA has an average intraday trading volume of 84.37 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 4.04%, 4.85%, and 45.06% respectively.

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Institutional ownership of Marathon Digital Holdings Inc (NASDAQ: MARA) shares accounts for 37.25% of the company’s 282.64M shares outstanding.

It has a market capitalization of $6.38B and a beta (3y monthly) value of 5.37. The stock’s trailing 12-month PE ratio is 20.09, while the earnings-per-share (ttm) stands at $1.12. The company has a PEG of 0.40 and a Quick Ratio of 30.51 with the debt-to-equity ratio at 0.20. Price movements for the stock have been influenced by the stock’s volatility, which stands at 9.16% over the week and 12.48% over the month.

Analysts forecast that Marathon Digital Holdings Inc (MARA) will achieve an EPS of $0.26 for the current quarter, $0.2 for the next quarter and $0.54 for 2025. The lowest estimate earnings-per-share for the quarter is $0.06 while analysts give the company a high EPS estimate of $0.94. Comparatively, EPS for the current quarter was -$0.05 a year ago. Earnings per share for the fiscal year are expected to decrease by -103.24%, and 864.85% over the next financial year.

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. Bernstein coverage for the Marathon Digital Holdings Inc (MARA) stock in a research note released on October 31, 2023 offered a Mkt Perform rating with a price target of $8.30. Chardan Capital Markets on their part issued Neutral rating on August 07, 2023.

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