The price of Marathon Digital Holdings Inc (NASDAQ: MARA) closed at $20.38 in the last session, down -2.72% from day before closing price of $20.95. In other words, the price has decreased by -$0.57 from its previous closing price. On the day, 41965651 shares were traded.
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 5.78 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 134.90. 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 5.45B and an Enterprise Value of 5.42B. As of this moment, Marathon’s Price-to-Earnings (P/E) ratio for their current fiscal year is 18.13, and their Forward P/E ratio for the next fiscal year is 66.88. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.36. For the stock, the TTM Price-to-Sale (P/S) ratio is 14.86 while its Price-to-Book (P/B) ratio in mrq is 3.06. Its current Enterprise Value per Revenue stands at 13.99 whereas that against EBITDA is 11.60.
Stock Price History:
The Beta on a monthly basis for MARA is 5.39, which has changed by 156.35% over the last 52 weeks, in comparison to a change of 29.19% over the same period for the S&P500. Over the past 52 weeks, MARA has reached a high of $34.09, while it has fallen to a 52-week low of $6.87. The 50-Day Moving Average of the stock is 21.45, while the 200-Day Moving Average is calculated to be 15.50.
Shares Statistics:
According to the various share statistics, MARA traded on average about 85.76M shares per day over the past 3-months and 55.26M shares per day over the past 10 days. A total of 282.64M shares are outstanding, with a floating share count of 276.61M. Insiders hold about 2.13% of the company’s shares, while institutions hold 37.25% stake in the company. Shares short for MARA as of Feb 29, 2024 were 39.61M with a Short Ratio of 0.46, 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
The company has 3 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.38 for the current quarter, with a high estimate of $0.94 and a low estimate of $0.06, while EPS last year was -$0.05. The consensus estimate for the next quarter is $0.26, with high estimates of $0.76 and low estimates of -$0.13.
Analysts are recommending an EPS of between $1.9 and -$0.14 for the fiscal current year, implying an average EPS of $0.71. EPS for the following year is $0.53, with 5 analysts recommending between $1.47 and -$0.02.
Revenue Estimates
According to 4 analysts, the current quarter’s revenue is expected to be $203.06M. It ranges from a high estimate of $264M to a low estimate of $169.1M. As of the current estimate, Marathon Digital Holdings Inc’s year-ago sales were $51.13M, an estimated increase of 297.10% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $182.69M, an increase of 123.40% less than the figure of $297.10% in the same quarter last year. There is a high estimate of $250.8M for the next quarter, whereas the lowest estimate is $149.3M.
A total of 6 analysts have provided revenue estimates for MARA’s current fiscal year. The highest revenue estimate was $962.8M, while the lowest revenue estimate was $670M, resulting in an average revenue estimate of $769.69M. In the same quarter a year ago, actual revenue was $387.51M, up 98.60% from the average estimate. Based on 5 analysts’ estimates, the company’s revenue will be $1.05B in the next fiscal year. The high estimate is $1.47B and the low estimate is $740M. The average revenue growth estimate for next year is up 36.70% from the average revenue estimate for this year.
