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After finishing at $17.07 in the prior trading day, Marathon Digital Holdings Inc (NASDAQ: MARA) closed at $17.52, up 2.64%. In other words, the price has increased by $2.64 from its previous closing price. On the day, 36.64 million shares were traded. MARA stock price reached its highest trading level at $18.21 during the session, while it also had its lowest trading level at $17.13.
Ratios:
Our goal is to gain a better understanding of MARA by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.97 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 115.97. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 4781645824 and an Enterprise Value of 4657864704. As of this moment, Marathon’s Price-to-Earnings (P/E) ratio for their current fiscal year is 15.58, and their Forward P/E ratio for the next fiscal year is 43.04. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.31. For the stock, the TTM Price-to-Sale (P/S) ratio is 12.78 while its Price-to-Book (P/B) ratio in mrq is 2.63. Its current Enterprise Value per Revenue stands at 12.02 whereas that against EBITDA is 11.632.
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 -13.96%, while the 200-Day Moving Average is calculated to be 9.12%.
Shares Statistics:
The stock has traded on average 62.47M shares per day over the past 3-months and 45615930 shares per day over the last 10 days, according to various share statistics. A total of 282.64M shares are outstanding, with a floating share count of 277.89M. Insiders hold about 1.68% of the company’s shares, while institutions hold 37.38% stake in the company. Shares short for MARA as of 1713139200 were 52498757 with a Short Ratio of 0.84, compared to 1710460800 on 45306906. Therefore, it implies a Short% of Shares Outstanding of 52498757 and a Short% of Float of 21.57.
