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Marathon Digital Holdings Inc (MARA) Stock Could Soon Reward Patient Investors

Marathon Digital Holdings Inc (NASDAQ: MARA) is -7.92% lower on its value in year-to-date trading and has touched a low of $7.16 and a high of $34.09 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MARA stock was last observed hovering at around $22.58 in the last trading session, with the day’s loss setting it -0.95%.

Currently trading at $21.63, the stock is 0.43% and -0.05% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 37.11 million and changing -4.21% at the moment leaves the stock 38.36% off its SMA200. MARA registered 172.08% gain for a year compared to 6-month gain of 152.39%. The firm has a 50-day simple moving average (SMA 50) of $15.51 and a 200-day simple moving average (SMA200) of $12.86.

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The stock witnessed a -16.49% loss in the last 1 month and extending the period to 3 months gives it a -23.05%, and is 3.64% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 9.59% over the week and 11.73% over the month.

Marathon Digital Holdings Inc (MARA) has around 60 employees, a market worth around $6.11B and $387.51M in sales. Current P/E ratio is 19.24 and Fwd P/E is 70.98. Profit margin for the company is 66.85%. Distance from 52-week low is 202.09% and -36.55% from its 52-week high. The company has generated returns on investments over the last 12 months (13.34%).

Marathon Digital Holdings Inc quarterly earnings per share for the current quarter are estimated at $0.26 with sales reaching $199.25M over the same period.The EPS is expected to shrink by -103.27% this year, but quarterly earnings will post 105.60% year-over-year. Quarterly sales are estimated to grow 289.70% in year-over-year returns.

Marathon Digital Holdings Inc (MARA) Top Institutional Holders

374 institutions hold shares in Marathon Digital Holdings Inc (MARA), with institutional investors hold 41.58% of the company’s shares. The shares outstanding are 282.64M, and float is at 276.61M with Short Float at 16.38%. Institutions hold 40.09% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 17.52 million shares valued at $242.87 million. The investor’s holdings represent 8.28% of the MARA Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 12.21 million shares valued at $169.16 million to account for 5.77% of the shares outstanding. The other top investors are State Street Corporation which holds 5.15 million shares representing 2.43% and valued at over $71.32 million, while Geode Capital Management, LLC holds 1.75% of the shares totaling 3.71 million with a market value of $51.35 million.

Marathon Digital Holdings Inc (MARA) Insider Activity

The most recent transaction is an insider sale by SWAMI ASHU,the company’sDirector. SEC filings show that SWAMI ASHU sold 11,000 shares of the company’s common stock on Aug 31 ’23 at a price of $13.80 per share for a total of $0.15 million. Following the sale, the insider now owns 7491.0 shares.

Marathon Digital Holdings Inc disclosed in a document filed with the SEC on Aug 23 ’23 that Ouissal Said (Director) sold a total of 5,000 shares of the company’s common stock. The trade occurred on Aug 23 ’23 and was made at $11.80 per share for $59000.0. Following the transaction, the insider now directly holds 10217.0 shares of the MARA stock.

Still, SEC filings show that on Aug 22 ’23, Ouissal Said (Director) disposed off 15,000 shares at an average price of $10.95 for $0.16 million. The insider now directly holds 15,217 shares of Marathon Digital Holdings Inc (MARA).

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