Reviewing The Case For MARA Holdings Inc (MARA) Going Higher

Currently, there are 321.83M common shares owned by the public and among those 313.54M shares have been available to trade.

The company’s stock has a 5-day price change of 13.40% and 64.19% over the past three months. MARA shares are trading 16.73% year to date (YTD), with the 12-month market performance up to 121.13% higher. It has a 12-month low price of $11.55 and touched a high of $34.09 over the same period. MARA has an average intraday trading volume of 51.91 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 25.74%, 45.11%, and 41.23% respectively.

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Institutional ownership of MARA Holdings Inc (NASDAQ: MARA) shares accounts for 51.65% of the company’s 321.83M shares outstanding.

It has a market capitalization of $8.99B and a beta (3y monthly) value of 5.64. The stock’s trailing 12-month PE ratio is 25.39, while the earnings-per-share (ttm) stands at $1.08. The company has a PEG of 0.51 and a Quick Ratio of 4.00 with the debt-to-equity ratio at 0.22. Price movements for the stock have been influenced by the stock’s volatility, which stands at 13.17% over the week and 11.62% over the month.

Analysts forecast that MARA Holdings Inc (MARA) will achieve an EPS of -0.08 for the current quarter, 0.24 for the next quarter and -0.07 for current fiscal year. The lowest estimate earnings-per-share for the quarter is -0.3 while analysts give the company a high EPS estimate of -0.3. Comparatively, EPS for the current quarter was -0.04 a year ago. Earnings per share for the fiscal year are expected to decrease by -102.06%, and -327.87% over the next financial year.

Looking at the support for the MARA, a number of firms have released research notes about the stock. Barclays stated their Equal Weight rating for the stock in a research note on November 25, 2024, with the firm’s price target at $27. Compass Point coverage for the MARA Holdings Inc (MARA) stock in a research note released on November 21, 2024 offered a Neutral rating with a price target of $25. Cantor Fitzgerald was of a view on October 10, 2024 that the stock is Overweight, while Macquarie gave the stock Outperform rating on September 25, 2024, issuing a price target of $22. BTIG Research on their part issued Buy rating on January 17, 2024.

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