Marathon Digital Holdings Inc (NASDAQ: MARA) closed the day trading at $19.32 up 5.98% from the previous closing price of $18.23. In other words, the price has increased by $+1.09 from its previous closing price. On the day, 57781859 shares were traded.
Ratios:
For a better understanding of MARA, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.19 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 121.10. 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 5.17B and an Enterprise Value of 5.14B. As of this moment, Marathon’s Price-to-Earnings (P/E) ratio for their current fiscal year is 17.19, and their Forward P/E ratio for the next fiscal year is 101.93. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.34. For the stock, the TTM Price-to-Sale (P/S) ratio is 13.34 while its Price-to-Book (P/B) ratio in mrq is 2.90. Its current Enterprise Value per Revenue stands at 13.26 whereas that against EBITDA is 10.99.
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 $6.61. The 50-Day Moving Average of the stock is 21.93, while the 200-Day Moving Average is calculated to be 15.12.
Shares Statistics:
Over the past 3-months, MARA traded about 89.57M shares per day on average, while over the past 10 days, MARA traded about 75.7M shares per day. A total of 267.64M shares are outstanding, with a floating share count of 261.93M. Insiders hold about 2.13% of the company’s shares, while institutions hold 39.33% stake in the company. Shares short for MARA as of Feb 29, 2024 were 39.61M with a Short Ratio of 0.44, compared to 46.92M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 14.80% and a Short% of Float of 14.85%.
Earnings Estimates
Current recommendations for the stock of the company come from 3 analysts. On average, analysts expect EPS of $0.05 for the current quarter, with a high estimate of $0.14 and a low estimate of -$0.04, while EPS last year was -$0.05. The consensus estimate for the next quarter is -$0.04, with high estimates of $0.14 and low estimates of -$0.13.
Analysts are recommending an EPS of between $1.28 and -$0.2 for the fiscal current year, implying an average EPS of $0.29. EPS for the following year is $0.53, with 5 analysts recommending between $1.47 and -$0.02.
Revenue Estimates
3 analysts predict $202.17M in revenue for the current quarter. It ranges from a high estimate of $264M to a low estimate of $147.6M. As of the current estimate, Marathon Digital Holdings Inc’s year-ago sales were $51.13M, an estimated increase of 295.40% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $177.33M, an increase of 116.90% less than the figure of $295.40% in the same quarter last year. There is a high estimate of $250.8M for the next quarter, whereas the lowest estimate is $131.9M.
A total of 4 analysts have provided revenue estimates for MARA’s current fiscal year. The highest revenue estimate was $962.8M, while the lowest revenue estimate was $559.8M, resulting in an average revenue estimate of $749.35M. In the same quarter a year ago, actual revenue was $387.51M, up 93.40% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $967.73M in the next fiscal year. The high estimate is $1.18B and the low estimate is $740M. The average revenue growth estimate for next year is up 29.10% from the average revenue estimate for this year.
