Marathon Digital Holdings Inc (MARA)’s Market Momentum: Closing Strong at 19.21, Down -7.02

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As of close of business last night, Marathon Digital Holdings Inc’s stock clocked out at $19.21, down -7.02% from its previous closing price of $20.66. In other words, the price has decreased by -$7.02 from its previous closing price. On the day, 66.88 million shares were traded. MARA stock price reached its highest trading level at $19.97 during the session, while it also had its lowest trading level at $18.58.

Ratios:

To gain a deeper understanding of MARA’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.36 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 35.55. For the most recent quarter (mrq), Quick Ratio is recorded 23.07 and its Current Ratio is at 23.07. In the meantime, Its Debt-to-Equity ratio is 0.14 whereas as Long-Term Debt/Eq ratio is at 0.14.

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:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Jun 12 ’24 when Ouissal Said sold 10,217 shares for $20.50 per share. The transaction valued at 209,448 led to the insider holds 60,046 shares of the business.

SWAMI ASHU sold 11,000 shares of MARA for $151,833 on Aug 31 ’23. The Director now owns 7,491 shares after completing the transaction at $13.80 per share. On Aug 23 ’23, another insider, Ouissal Said, who serves as the Director of the company, sold 5,000 shares for $11.80 each. As a result, the insider received 59,000 and left with 10,217 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 5432337920 and an Enterprise Value of 5259715072. As of this moment, Marathon’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.90, and their Forward P/E ratio for the next fiscal year is 82.73. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.16. For the stock, the TTM Price-to-Sale (P/S) ratio is 10.45 while its Price-to-Book (P/B) ratio in mrq is 2.09. Its current Enterprise Value per Revenue stands at 10.486 whereas that against EBITDA is 7.026.

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 1.46%, while the 200-Day Moving Average is calculated to be 13.21%.

Shares Statistics:

It appears that MARA traded 46.54M shares on average per day over the past three months and 46661740 shares per day over the past ten days. A total of 272.96M shares are outstanding, with a floating share count of 270.84M. Insiders hold about 0.78% of the company’s shares, while institutions hold 41.33% stake in the company. Shares short for MARA as of 1715731200 were 69294610 with a Short Ratio of 1.34, compared to 1713139200 on 52498757. Therefore, it implies a Short% of Shares Outstanding of 69294610 and a Short% of Float of 28.02.

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