Marathon Digital Holdings Inc [NASDAQ: MARA] plunged by -$0.08 during the normal trading session on while it closed the day at $26.94. The company report on February 14, 2024 at 4:23 PM that Marathon Digital Holdings Schedules Conference Call for Fourth Quarter and Fiscal Year 2023 Financial Results.
Earnings Webcast and Conference Call Set for Wednesday, February 28, 2024 at 5:00 p.m. ET.
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Marathon Digital Holdings Inc stock has also gained 12.77% of its value over the past 7 days. However, MARA stock has inclined by 163.09% in the 3 months of the year. Over the past six months meanwhile, it has gained 119.92% and gained 14.69% year-on date.
The market cap for MARA stock reached $6.00 billion, with 222.62 million shares outstanding and 215.55 million shares in the current float. Compared to the average trading volume of 78.99M shares, MARA reached a trading volume of 58013716 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Marathon Digital Holdings Inc [MARA]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MARA shares is $19.75 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MARA stock is a recommendation set at 2.67. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
BTIG Research have made an estimate for Marathon Digital Holdings Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 17, 2024.
The Average True Range (ATR) for Marathon Digital Holdings Inc is set at 2.64, with the Price to Sales ratio for MARA stock in the period of the last 12 months amounting to 23.14. The Price to Book ratio for the last quarter was 5.55, with the Price to Cash per share for the same quarter was set at 1.74.
MARA stock trade performance evaluation
Marathon Digital Holdings Inc [MARA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 12.77. With this latest performance, MARA shares gained by 67.64% in over the last four-week period, additionally plugging by 119.92% over the last 6 months – not to mention a rise of 238.87% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MARA stock in for the last two-week period is set at 63.34, with the RSI for the last a single of trading hit 65.77, and the three-weeks RSI is set at 61.53 for Marathon Digital Holdings Inc [MARA]. The present Moving Average for the last 50 days of trading for this stock 20.90, while it was recorded at 27.27 for the last single week of trading, and 13.75 for the last 200 days.
Marathon Digital Holdings Inc [MARA]: An insightful look at the core fundamentals
Marathon Digital Holdings Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 11.33 and a Current Ratio set at 11.33.
Earnings per share (EPS) analysis for Marathon Digital Holdings Inc [MARA] stock
With the latest financial reports released by the company, Marathon Digital Holdings Inc posted -0.53/share EPS, while the average EPS was predicted by analysts to be reported at -0.16/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -231.20%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for MARA. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Marathon Digital Holdings Inc go to 50.00%.
Marathon Digital Holdings Inc [MARA]: Institutional Ownership
The top three institutional holders of MARA stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in MARA stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in MARA stock with ownership which is approximately 5.8325%.
