MARA Holdings Inc (NASDAQ: MARA) is 7.41% higher on its value in year-to-date trading and has touched a low of $8.84 and a high of $34.09 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MARA stock was last observed hovering at around $25.01 in the last trading session, with the day’s gains setting it 0.22%.
Currently trading at $25.23, the stock is 34.60% and 48.85% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 84.3 million and changing 0.88% at the moment leaves the stock 30.91% off its SMA200. MARA registered 162.54% gain for a year compared to 6-month loss of 39.62%. The firm has a 50-day simple moving average (SMA 50) of $16.7508 and a 200-day simple moving average (SMA200) of $19.2394.
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The stock witnessed a 48.59% gain in the last 1 month and extending the period to 3 months gives it a 66.64%, and is 55.36% 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 9.52% over the week and 7.54% over the month.
MARA Holdings Inc (MARA) has around 60 employees, a market worth around $7.43B and $564.95M in sales. Current P/E ratio is 13.70 and Fwd P/E is 107.44. Profit margin for the company is 75.24%. Distance from 52-week low is 185.41% and -25.99% from its 52-week high. The company has generated returns on investments over the last 12 months (14.22%).
with sales reaching $151.67M over the same period.The EPS is expected to shrink by -75.67% this year, but quarterly earnings will post 72.50% year-over-year. Quarterly sales are estimated to grow 55.00% in year-over-year returns.
MARA Holdings Inc (MARA) Top Institutional Holders
459.0 institutions hold shares in MARA Holdings Inc (MARA), with institutional investors hold 58.13% of the company’s shares. The shares outstanding are 294.48M, and float is at 286.85M with Short Float at 24.55%. Institutions hold 57.03% 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.
MARA Holdings Inc (MARA) Insider Activity
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MARA Holdings Inc disclosed in a document filed with the SEC on Oct 16 ’24 that Khan Salman Hassan (Chief Financial Officer) sold a total of 16,700 shares of the company’s common stock. The trade occurred on Oct 16 ’24 and was made at $17.50 per share for $0.29 million. Following the transaction, the insider now directly holds 2.08 million shares of the MARA stock.
Still, SEC filings show that on Oct 16 ’24, Thiel Frederick G (Chief Executive Officer) disposed off 27,505 shares at an average price of $17.50 for $0.48 million. The insider now directly holds 4,250,804 shares of MARA Holdings Inc (MARA).
