The price of Marathon Digital Holdings Inc (NASDAQ: MARA) closed at $23.48 in the last session, up 7.71% from day before closing price of $21.80. In other words, the price has increased by $+1.68 from its previous closing price. On the day, 93702982 shares were traded. MARA stock price reached its highest trading level at $25.27 during the session, while it also had its lowest trading level at $22.02.
Ratios:
We take a closer look at MARA’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.30 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 147.17. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 6.29B and an Enterprise Value of 6.26B. As of this moment, Marathon’s Price-to-Earnings (P/E) ratio for their current fiscal year is 20.89, and their Forward P/E ratio for the next fiscal year is 123.87. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.42. For the stock, the TTM Price-to-Sale (P/S) ratio is 16.22 while its Price-to-Book (P/B) ratio in mrq is 3.53. Its current Enterprise Value per Revenue stands at 16.14 whereas that against EBITDA is 13.38.
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 22.55, while the 200-Day Moving Average is calculated to be 14.86.
Shares Statistics:
According to the various share statistics, MARA traded on average about 88.24M shares per day over the past 3-months and 105.4M shares per day over the past 10 days. 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 39.35% stake in the company. Shares short for MARA as of Feb 15, 2024 were 41.52M with a Short Ratio of 0.47, 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
The company has 3 analysts who recommend its stock at the moment. 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 $0.39. EPS for the following year is $0.6, with 4 analysts recommending between $1.47 and -$0.02.
Revenue Estimates
According to 2 analysts, the current quarter’s revenue is expected to be $171.25M. It ranges from a high estimate of $194.9M 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 234.90% from the year-ago figure. For the next quarter, 2 analysts are estimating revenue of $140.6M, an increase of 72.00% less than the figure of $234.90% in the same quarter last year. There is a high estimate of $149.3M for the next quarter, whereas the lowest estimate is $131.9M.
A total of 5 analysts have provided revenue estimates for MARA’s current fiscal year. The highest revenue estimate was $804.8M, while the lowest revenue estimate was $559.8M, resulting in an average revenue estimate of $698.58M. In the same quarter a year ago, actual revenue was $387.51M, up 80.30% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $997.93M in the next fiscal year. The high estimate is $1.2B and the low estimate is $740M. The average revenue growth estimate for next year is up 42.90% from the average revenue estimate for this year.
