After finishing at $10.00 in the prior trading day, Marathon Digital Holdings Inc. (NASDAQ: MARA) closed at $9.80, down -2.00%. In other words, the price has decreased by -$0.20 from its previous closing price. On the day, 24840729 shares were traded. MARA stock price reached its highest trading level at $9.95 during the session, while it also had its lowest trading level at $9.53.
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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 14.90 and its Current Ratio is at 14.90. In the meantime, Its Debt-to-Equity ratio is 1.23 whereas as Long-Term Debt/Eq ratio is at 1.23.
Upgrades & Downgrades
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 1.71B and an Enterprise Value of 2.35B. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.82 while its Price-to-Book (P/B) ratio in mrq is 2.78. Its current Enterprise Value per Revenue stands at 13.51 whereas that against EBITDA is -5.88.
Stock Price History:
Over the past 52 weeks, MARA has reached a high of $19.88, while it has fallen to a 52-week low of $3.11. The 50-Day Moving Average of the stock is 14.22, while the 200-Day Moving Average is calculated to be 9.61.
Shares Statistics:
The stock has traded on average 37.79M shares per day over the past 3-months and 28.51M shares per day over the last 10 days, according to various share statistics. A total of 174.28M shares are outstanding, with a floating share count of 168.35M. Insiders hold about 0.20% of the company’s shares, while institutions hold 37.50% stake in the company. Shares short for MARA as of Aug 30, 2023 were 51.19M with a Short Ratio of 51.19M, compared to 37.25M on Jul 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 29.37% and a Short% of Float of 29.53%.
Earnings Estimates
Its stock is currently analyzed by 6 different market analysts. On average, analysts expect EPS of -$0.12 for the current quarter, with a high estimate of -$0.01 and a low estimate of -$0.25, while EPS last year was -$0.65. The consensus estimate for the next quarter is -$0.02, with high estimates of $0.11 and low estimates of -$0.11.
Analysts are recommending an EPS of between -$0.07 and -$0.53 for the fiscal current year, implying an average EPS of -$0.31. EPS for the following year is -$0.1, with 7 analysts recommending between $0.54 and -$1.17.
Revenue Estimates
6 analysts predict $110.45M in revenue for the current quarter. It ranges from a high estimate of $130M to a low estimate of $97.1M. As of the current estimate, Marathon Digital Holdings Inc.’s year-ago sales were $12.69M, an estimated increase of 770.40% from the year-ago figure. For the next quarter, 6 analysts are estimating revenue of $143M, an increase of 403.20% less than the figure of $770.40% in the same quarter last year. There is a high estimate of $154.2M for the next quarter, whereas the lowest estimate is $136.2M.
A total of 7 analysts have provided revenue estimates for MARA’s current fiscal year. The highest revenue estimate was $417.3M, while the lowest revenue estimate was $367.69M, resulting in an average revenue estimate of $384.16M. In the same quarter a year ago, actual revenue was $117.75M, up 226.20% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $559.84M in the next fiscal year. The high estimate is $778.94M and the low estimate is $386.7M. The average revenue growth estimate for next year is up 45.70% from the average revenue estimate for this year.