MARA Holdings Inc. (MARA): A Great Stock For Handling Current Market Conditions?

Currently, there are 294.48M common shares owned by the public and among those 290.33M shares have been available to trade.

The company’s stock has a 5-day price change of 17.41% and -21.17% over the past three months. MARA shares are trading -19.63% year to date (YTD), with the 12-month market performance up to 143.93% higher. It has a 12-month low price of $7.62 and touched a high of $34.09 over the same period. MARA has an average intraday trading volume of 36.06 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 14.72%, 16.47%, and -2.48% respectively.

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Institutional ownership of MARA Holdings Inc. (NASDAQ: MARA) shares accounts for 56.10% of the company’s 294.48M shares outstanding.

It has a market capitalization of $5.56B and a beta (3y monthly) value of 5.53. The stock’s trailing 12-month PE ratio is 10.25, while the earnings-per-share (ttm) stands at $1.84. The company has a PEG of 0.21 and a Quick Ratio of 3.75 with the debt-to-equity ratio at 0.13. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.55% over the week and 6.35% over the month.

Earnings per share for the fiscal year are expected to decrease by -95.00%, and -490.13% over the next financial year.

Looking at the support for the MARA, a number of firms have released research notes about the stock. Cantor Fitzgerald stated their Overweight rating for the stock in a research note on October 10, 2024, with the firm’s price target at $21. Macquarie coverage for the MARA Holdings Inc. (MARA) stock in a research note released on September 25, 2024 offered a Outperform rating with a price target of $22. BTIG Research was of a view on January 17, 2024 that the stock is Buy, while Bernstein gave the stock Mkt Perform rating on October 31, 2023, issuing a price target of $8.30. JP Morgan on their part issued Underweight rating on October 11, 2023.

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