As of close of business last night, Marathon Digital Holdings Inc’s stock clocked out at $18.43, down -0.22% from its previous closing price of $18.47. In other words, the price has decreased by -$0.04 from its previous closing price. On the day, 31473812 shares were traded.
Ratios:
To gain a deeper understanding of MARA’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.22 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 121.99. For the most recent quarter (mrq), Quick Ratio is recorded 30.51 and its Current Ratio is at 30.51. In the meantime, Its Debt-to-Equity ratio is 0.20 whereas as Long-Term Debt/Eq ratio is at 0.20.
On October 31, 2023, Bernstein started tracking the stock assigning a Mkt Perform rating and target price of $8.30.
On October 11, 2023, JP Morgan started tracking the stock assigning a Underweight rating and target price of $5.JP Morgan initiated its Underweight rating on October 11, 2023, with a $5 target price.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Aug 31 ’23 when SWAMI ASHU sold 11,000 shares for $13.80 per share. The transaction valued at 151,833 led to the insider holds 7,491 shares of the business.
Ouissal Said sold 5,000 shares of MARA for $59,000 on Aug 23 ’23. The Director now owns 10,217 shares after completing the transaction at $11.80 per share. On Aug 22 ’23, another insider, Ouissal Said, who serves as the Director of the company, sold 15,000 shares for $10.95 each. As a result, the insider received 164,250 and left with 15,217 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MARA now has a Market Capitalization of 4.93B and an Enterprise Value of 4.90B. As of this moment, Marathon’s Price-to-Earnings (P/E) ratio for their current fiscal year is 16.39, and their Forward P/E ratio for the next fiscal year is 61.41. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.33. For the stock, the TTM Price-to-Sale (P/S) ratio is 13.44 while its Price-to-Book (P/B) ratio in mrq is 2.77. Its current Enterprise Value per Revenue stands at 12.65 whereas that against EBITDA is 10.49.
Stock Price History:
Over the past 52 weeks, MARA has reached a high of $34.09, while it has fallen to a 52-week low of $7.16. The 50-Day Moving Average of the stock is 21.98, while the 200-Day Moving Average is calculated to be 15.87.
Shares Statistics:
It appears that MARA traded 79.28M shares on average per day over the past three months and 48.04M shares per day over the past ten days. A total of 282.64M shares are outstanding, with a floating share count of 277.62M. Insiders hold about 2.13% of the company’s shares, while institutions hold 37.24% stake in the company. Shares short for MARA as of Mar 15, 2024 were 45.31M with a Short Ratio of 0.57, compared to 41.52M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 16.93% and a Short% of Float of 16.99%.
Earnings Estimates
As of right now, 5 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.26 for the current quarter, with a high estimate of $0.94 and a low estimate of $0.06, while EPS last year was -$0.05. The consensus estimate for the next quarter is $0.15, with high estimates of $0.76 and low estimates of -$0.13.
Analysts are recommending an EPS of between $1.9 and $0.02 for the fiscal current year, implying an average EPS of $0.65. EPS for the following year is $0.4, with 6 analysts recommending between $1.29 and -$0.32.
Revenue Estimates
In the current quarter, 6 analysts expect revenue to total $191.31M. It ranges from a high estimate of $264M to a low estimate of $151.6M. As of the current estimate, Marathon Digital Holdings Inc’s year-ago sales were $51.13M, an estimated increase of 274.10% from the year-ago figure. For the next quarter, 6 analysts are estimating revenue of $184.09M, an increase of 125.20% less than the figure of $274.10% in the same quarter last year. There is a high estimate of $250.8M for the next quarter, whereas the lowest estimate is $149.3M.
A total of 7 analysts have provided revenue estimates for MARA’s current fiscal year. The highest revenue estimate was $962.8M, while the lowest revenue estimate was $553.6M, resulting in an average revenue estimate of $761.82M. In the same quarter a year ago, actual revenue was $387.51M, up 96.60% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $1.01B in the next fiscal year. The high estimate is $1.47B and the low estimate is $629.7M. The average revenue growth estimate for next year is up 32.30% from the average revenue estimate for this year.
