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Marathon Digital Holdings Inc (MARA) Analysis & Forecast for 2024

Marathon Digital Holdings Inc (NASDAQ: MARA) is -18.99% 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 $19.50 in the last trading session, with the day’s loss setting it -0.47%.

Currently trading at $19.03, the stock is -5.01% and -3.40% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 38.7 million and changing -2.41% at the moment leaves the stock 8.79% off its SMA200. MARA registered 21.44% gain for a year compared to 6-month loss of -21.10%.

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The stock witnessed a -8.51% gain in the last 1 month and extending the period to 3 months gives it a 6.02%, and is -15.65% down 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 6.06% over the week and 7.45% over the month.

Marathon Digital Holdings Inc (MARA) has around 60 employees, a market worth around $5.19B and $501.57M in sales. Current P/E ratio is 7.83 and Fwd P/E is 156.19. Profit margin for the company is 120.31%. Distance from 52-week low is 165.78% and -44.18% from its 52-week high. The company has generated returns on investments over the last 12 months (21.43%).

with sales reaching $161.03M over the same period.The EPS is expected to shrink by -66.55% this year, but quarterly earnings will post 80.30% year-over-year. Quarterly sales are estimated to grow 97.00% in year-over-year returns.

Marathon Digital Holdings Inc (MARA) Top Institutional Holders

The shares outstanding are 272.96M, and float is at 270.84M with Short Float at 24.77%.

Marathon Digital Holdings Inc (MARA) Insider Activity

The most recent transaction is an insider sale by Ouissal Said,the company’sDirector. SEC filings show that Ouissal Said sold 10,217 shares of the company’s common stock on Jun 12 ’24 at a price of $20.50 per share for a total of $0.21 million. Following the sale, the insider now owns 60046.0 shares.

Marathon Digital Holdings Inc disclosed in a document filed with the SEC on Aug 31 ’23 that SWAMI ASHU (Director) sold a total of 11,000 shares of the company’s common stock. The trade occurred on Aug 31 ’23 and was made at $13.80 per share for $0.15 million. Following the transaction, the insider now directly holds 7491.0 shares of the MARA stock.

Still, SEC filings show that on Aug 23 ’23, Ouissal Said (Director) disposed off 5,000 shares at an average price of $11.80 for $59000.0. The insider now directly holds 10,217 shares of Marathon Digital Holdings Inc (MARA).

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