Marathon Digital Holdings Inc (NASDAQ: MARA) is -41.08% 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 $14.88 in the last trading session, with the day’s loss setting it -1.04%.
Currently trading at $13.84, the stock is -16.38% and -27.53% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 31.68 million and changing -6.99% at the moment leaves the stock -29.31% off its SMA200. MARA registered 15.33% gain for a year compared to 6-month loss of -38.82%.
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The stock witnessed a -19.77% gain in the last 1 month and extending the period to 3 months gives it a -34.31%, and is -19.21% 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 7.78% over the week and 7.45% over the month.
Marathon Digital Holdings Inc (MARA) has around 60 employees, a market worth around $4.08B and $564.95M in sales. Current P/E ratio is 7.52. Profit margin for the company is 75.24%. Distance from 52-week low is 93.30% and -59.40% from its 52-week high. The company has generated returns on investments over the last 12 months (14.22%).
The EPS is expected to shrink by -87.45% this year
465.0 institutions hold shares in Marathon Digital Holdings Inc (MARA), with institutional investors hold 57.99% of the company’s shares. The shares outstanding are 294.48M, and float is at 292.21M with Short Float at 27.90%. Institutions hold 56.83% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 43.02 million shares valued at $853.87 million. The investor’s holdings represent 16.6022 of the MARA Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 32.29 million shares valued at $640.99 million to account for 12.463 of the shares outstanding. The other top investors are STATE STREET CORP which holds 10.64 million shares representing 4.1075 and valued at over $211.25 million, while CITADEL ADVISORS LLC holds 2.8025 of the shares totaling 7.26 million with a market value of $144.13 million.
Marathon Digital Holdings Inc (MARA) Insider Activity
The most recent transaction is an insider sale by MELLINGER DOUGLAS K, the company’s Director. SEC filings show that MELLINGER DOUGLAS K sold 1,000 shares of the company’s common stock on Aug 12 ’24 at a price of $16.05 per share for a total of $16050.0. Following the sale, the insider now owns 0.14 million shares.
Still, SEC filings show that on Jun 12 ’24, Ouissal Said (Director) disposed off 10,217 shares at an average price of $20.50 for $0.21 million. The insider now directly holds 60,046 shares of Marathon Digital Holdings Inc (MARA).
