After finishing at $27.00 in the prior trading day, Marathon Digital Holdings Inc (NASDAQ: MARA) closed at $25.71, down -4.78%. In other words, the price has decreased by -$1.29 from its previous closing price. On the day, 118084313 shares were traded.
Ratios:
Our goal is to gain a better understanding of MARA by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 11.33 and its Current Ratio is at 11.33. In the meantime, Its Debt-to-Equity ratio is 0.32 whereas as Long-Term Debt/Eq ratio is at 0.32.
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 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. The Director now owns 10,217 shares after completing the transaction at $11.80 per share. On Aug 22, 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 6.01B and an Enterprise Value of 6.23B. For the stock, the TTM Price-to-Sale (P/S) ratio is 26.55 while its Price-to-Book (P/B) ratio in mrq is 5.30. Its current Enterprise Value per Revenue stands at 16.09 whereas that against EBITDA is 13.33.
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 $5.13. The 50-Day Moving Average of the stock is 22.68, while the 200-Day Moving Average is calculated to be 14.52.
Shares Statistics:
The stock has traded on average 86.78M shares per day over the past 3-months and 88.5M shares per day over the last 10 days, according to various share statistics. A total of 267.64M shares are outstanding, with a floating share count of 255.96M. Insiders hold about 4.36% of the company’s shares, while institutions hold 39.32% stake in the company. Shares short for MARA as of Feb 15, 2024 were 41.52M with a Short Ratio of 0.48, compared to 49.3M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 18.65% and a Short% of Float of 18.73%.
Earnings Estimates
Its stock is currently analyzed by 7 different market analysts. On average, analysts expect EPS of $0.03 for the current quarter, with a high estimate of $0.18 and a low estimate of -$0.1, while EPS last year was -$0.53. The consensus estimate for the next quarter is $0.1, with high estimates of $0.2 and low estimates of -$0.07.
Analysts are recommending an EPS of between $0.23 and $0.11 for the fiscal current year, implying an average EPS of $0.19. EPS for the following year is $0.06, with 8 analysts recommending between $1.28 and -$0.65.
Revenue Estimates
7 analysts predict $156.77M in revenue for the current quarter. It ranges from a high estimate of $157M to a low estimate of $111.4M. As of the current estimate, Marathon Digital Holdings Inc’s year-ago sales were $28.42M, an estimated increase of 451.70% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $182.51M, an increase of 256.90% less than the figure of $451.70% in the same quarter last year. There is a high estimate of $213.7M for the next quarter, whereas the lowest estimate is $147.6M.
A total of 9 analysts have provided revenue estimates for MARA’s current fiscal year. The highest revenue estimate was $387M, while the lowest revenue estimate was $342.1M, resulting in an average revenue estimate of $387.51M. In the same quarter a year ago, actual revenue was $117.75M, up 229.10% from the average estimate. Based on 10 analysts’ estimates, the company’s revenue will be $659.27M in the next fiscal year. The high estimate is $832.35M and the low estimate is $506.9M. The average revenue growth estimate for next year is up 70.10% from the average revenue estimate for this year.
