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The closing price of Marathon Digital Holdings Inc (NASDAQ: MARA) was $18.03 for the day, down -7.21% from the previous closing price of $19.43. In other words, the price has decreased by -$7.21 from its previous closing price. On the day, 39.72 million shares were traded. MARA stock price reached its highest trading level at $18.89 during the session, while it also had its lowest trading level at $17.7004.
Ratios:
Our analysis of MARA’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.11 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 119.34. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 5200230912 and an Enterprise Value of 4794360832. As of this moment, Marathon’s Price-to-Earnings (P/E) ratio for their current fiscal year is 16.04, and their Forward P/E ratio for the next fiscal year is 44.29. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.32. For the stock, the TTM Price-to-Sale (P/S) ratio is 13.15 while its Price-to-Book (P/B) ratio in mrq is 2.71. Its current Enterprise Value per Revenue stands at 12.372 whereas that against EBITDA is 11.973.
Stock Price History:
The Beta on a monthly basis for MARA is 5.36, which has changed by 0.88795817 over the last 52 weeks, in comparison to a change of 0.24191546 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 $7.16. The 50-Day Moving Average of the stock is -14.32%, while the 200-Day Moving Average is calculated to be 12.15%.
Shares Statistics:
MARA traded an average of 64.42M shares per day over the past three months and 45191650 shares per day over the past ten days. A total of 282.64M shares are outstanding, with a floating share count of 277.89M. Insiders hold about 1.68% of the company’s shares, while institutions hold 37.39% stake in the company. Shares short for MARA as of 1713139200 were 52498757 with a Short Ratio of 0.81, compared to 1710460800 on 45306906. Therefore, it implies a Short% of Shares Outstanding of 52498757 and a Short% of Float of 19.690001.
Earnings Estimates
At present, 5.0 analysts are actively evaluating the performance of Marathon Digital Holdings Inc (MARA) in the stock market.On average, analysts expect EPS of $0.22 for the current quarter, with a high estimate of $0.87 and a low estimate of $0.04, while EPS last year was -$0.05. The consensus estimate for the next quarter is $0.09, with high estimates of $0.55 and low estimates of -$0.13.
Analysts are recommending an EPS of between $1.48 and $0.02 for the fiscal current year, implying an average EPS of $0.48. EPS for the following year is $0.37, with 6.0 analysts recommending between $1.14 and -$0.32.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 6 analysts. It ranges from a high estimate of $194.9M to a low estimate of $151.6M. As of the current estimate, Marathon Digital Holdings Inc’s year-ago sales were $51.13MFor the next quarter, 6 analysts are estimating revenue of $179.69M. There is a high estimate of $227M for the next quarter, whereas the lowest estimate is $149.3M.
A total of 7 analysts have provided revenue estimates for MARA’s current fiscal year. The highest revenue estimate was $876M, while the lowest revenue estimate was $553.6M, resulting in an average revenue estimate of $746.06M. In the same quarter a year ago, actual revenue was $387.51MBased on 6 analysts’ estimates, the company’s revenue will be $1.02B in the next fiscal year. The high estimate is $1.47B and the low estimate is $629.7M.
