Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
The closing price of Marathon Digital Holdings Inc (NASDAQ: MARA) was $19.44 for the day, up 10.77% from the previous closing price of $17.55. In other words, the price has increased by $10.77 from its previous closing price. On the day, 60.81 million shares were traded. MARA stock price reached its highest trading level at $19.89 during the session, while it also had its lowest trading level at $17.25.
Ratios:
Our analysis of MARA’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.51 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 128.68. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 5202921984 and an Enterprise Value of 4665893888. As of this moment, Marathon’s Price-to-Earnings (P/E) ratio for their current fiscal year is 17.29, and their Forward P/E ratio for the next fiscal year is 70.89. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.35. For the stock, the TTM Price-to-Sale (P/S) ratio is 14.18 while its Price-to-Book (P/B) ratio in mrq is 2.92. Its current Enterprise Value per Revenue stands at 12.041 whereas that against EBITDA is 11.652.
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 -10.13%, while the 200-Day Moving Average is calculated to be 21.30%.
Shares Statistics:
MARA traded an average of 65.79M shares per day over the past three months and 42816810 shares per day over the past ten days. 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 37.04% stake in the company. Shares short for MARA as of 1711584000 were 42964874 with a Short Ratio of 0.65, compared to 1709164800 on 39605466. Therefore, it implies a Short% of Shares Outstanding of 42964874 and a Short% of Float of 16.11.
