Uncovering Institutional Buying In Marathon Digital Holdings Inc (NASDAQ: MARA)

Currently, there are 272.96M common shares owned by the public and among those 270.84M shares have been available to trade.

The company’s stock has a 5-day price change of 3.33% and -12.09% over the past three months. MARA shares are trading -15.50% year to date (YTD), with the 12-month market performance up to 50.84% higher. It has a 12-month low price of $7.16 and touched a high of $34.09 over the same period. MARA has an average intraday trading volume of 45.69 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 -0.00%, 3.17%, and 15.66% respectively.

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Institutional ownership of Marathon Digital Holdings Inc (NASDAQ: MARA) shares accounts for 41.18% of the company’s 272.96M shares outstanding.

It has a market capitalization of $5.42B and a beta (3y monthly) value of 5.56. The stock’s trailing 12-month PE ratio is 8.16, while the earnings-per-share (ttm) stands at $2.43. The company has a PEG of 0.16 and a Quick Ratio of 23.07 with the debt-to-equity ratio at 0.14. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.88% over the week and 7.96% over the month.

Earnings per share for the fiscal year are expected to decrease by -66.65%, and -39.29% 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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