Marathon Digital Holdings Inc [NASDAQ: MARA] closed the trading session at $16.70.
The stocks have a year to date performance of -28.91 percent and weekly performance of -10.65 percent. The stock has been moved at -38.15 percent over the last six months. The stock has performed -7.94 percent around the most recent 30 days and changed -14.45 percent over the most recent 3-months.
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If compared to the average trading volume of 43.28M shares, MARA reached to a volume of 30983801 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 $20.98 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 2.30. 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 1.42, with the Price to Sales ratio for MARA stock in the period of the last 12 months amounting to 8.70. The Price to Book ratio for the last quarter was 1.81, with the Price to Cash per share for the same quarter was set at 0.97. Price to Free Cash Flow for MARA in the course of the last twelve months was 38.75 with Quick ratio for the last quarter at 3.75.
MARA stock trade performance evaluation
Marathon Digital Holdings Inc [MARA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -10.65. With this latest performance, MARA shares dropped by -7.94% in over the last four-week period, additionally sinking by -38.15% over the last 6 months – not to mention a rise of 23.98% 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 44.27, with the RSI for the last a single of trading hit 43.76, and the three-weeks RSI is set at 44.82 for Marathon Digital Holdings Inc [MARA]. The present Moving Average for the last 50 days of trading for this stock 19.25, while it was recorded at 17.43 for the last single week of trading, and 19.53 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 3.75 and a Current Ratio set at 3.75.
Earnings per share (EPS) analysis for Marathon Digital Holdings Inc [MARA] stock
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
There are presently around $56.81%, or 57.97%% of MARA stock, in the hands of institutional investors. The top three institutional holders of MARA stocks are: BLACKROCK INC. with ownership of 43.02 million shares, which is approximately 16.6022%. VANGUARD GROUP INC, holding 32.29 million shares of the stock with an approximate value of $$640.99 million in MARA stocks shares; and VANGUARD GROUP INC, currently with $$211.25 million in MARA stock with ownership which is approximately 4.1075%.
