Marathon Digital Holdings Inc [NASDAQ: MARA] stock went on an upward path that rose over 9.78% on Friday, amounting to a one-week price increase of more than 2.42%.
Over the last 12 months, MARA stock rose by 54.78%. The one-year Marathon Digital Holdings Inc stock forecast points to a potential upside of 31.16. The average equity rating for MARA stock is currently 2.55, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $4.66 billion, with 282.64 million shares outstanding and 277.89 million shares in the current float. Compared to the average trading volume of 66.99M shares, MARA stock reached a trading volume of 49606473 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $23.97 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 2.55. 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. While these analysts kept the previous recommendation, Bernstein raised their target price to Mkt Perform. The new note on the price target was released on October 31, 2023, representing the official price target for Marathon Digital Holdings Inc stock. Previously, the target price had yet another raise to $5, while JP Morgan analysts kept a Underweight rating on MARA stock.
The Average True Range (ATR) for Marathon Digital Holdings Inc is set at 1.75, with the Price to Sales ratio for MARA stock in the period of the last 12 months amounting to 12.03. The Price to Book ratio for the last quarter was 2.48, with the Price to Cash per share for the same quarter was set at 3.53. Price to Free Cash Flow for MARA in the course of the last twelve months was 109.22 with Quick ratio for the last quarter at 30.51.
MARA Stock Performance Analysis:
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 2.42. With this latest performance, MARA shares dropped by -26.44% in over the last four-week period, additionally plugging by 113.18% over the last 6 months – not to mention a rise of 54.78% 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 41.16, with the RSI for the last a single of trading hit 42.46, and the three-weeks RSI is set at 42.62 for Marathon Digital Holdings Inc [MARA]. The present Moving Average for the last 50 days of trading for this stock 21.71, while it was recorded at 15.18 for the last single week of trading, and 16.02 for the last 200 days.
Insight into Marathon Digital Holdings Inc Fundamentals:
Marathon Digital Holdings Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 30.51 and a Current Ratio set at 30.51.
MARA Stock EPS
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] Institutonal Ownership Details
The top three institutional holders of MARA stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in MARA stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in MARA stock with ownership which is approximately 5.8386%.
