Marathon Digital Holdings Inc (NASDAQ: MARA) stock jumped 2.46% on Friday to $10.00 against a previous-day closing price of $9.76. With 26.52 million shares changed hands, the volume of the stock remained lighter than its average volume of 32.91 million shares. During the session, the Capital Markets company that operates in wider Financial sector, reached to the highest price of $10.11 whereas the lowest price it dropped to was $9.51. The 52-week range on MARA shows that it touched its highest point at $19.88 and its lowest point at $3.11 during that stretch. It currently has a 1-year price target of $11.26. Beta for the stock currently stands at 5.06.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of MARA was up-trending over the past week, with a rise of 4.06%, but this was up by 29.70% over a month. Three-month performance dropped to -9.50% while six-month performance rose 8.99%. The stock gained 20.34% in the past year, while it has gained 192.40% so far this year. A look at the trailing 12-month EPS for MARA yields -2.97 with Next year EPS estimates of 0.09. For the next quarter, that number is -0.05. This implies an EPS growth rate of 99.56% for this year and 466.32% for next year. EPS is expected to grow by 50.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 20.62%.
Float and Shares Shorts:
At present, 222.62 million MARA shares are outstanding with a float of 216.38 million shares on hand for trading. On Oct 30, 2023, short shares totaled 53.04 million, which was 25.07% higher than short shares on Sep 28, 2023. In addition to Mr. Frederick G. Thiel as the firm’s CEO & Executive Chairman, Mr. James G. Crawford serves as its Chief Operating Officer.
Institutional Ownership:
Through their ownership of 36.18% of MARA’s outstanding shares, institutional investors have minority control over the company.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MARA since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With MARA analysts setting a high price target of $20.00 and a low target of $7.00, the average target price over the next 12 months is $11.26. Based on these targets, MARA could surge 100.0% to reach the target high and fall by -30.0% to reach the target low. Reaching the average price target will result in a growth of 12.6% from current levels.
Summary of Insider Activity:
Insiders traded MARA stock several times over the past three months with 0 Buys and 4 Sells. In these transactions, 0 shares were bought while 31,000 shares were sold. The number of buy transactions has increased to 15 while that of sell transactions has risen to 4 over the past year. The total number of shares bought during that period was 297,767 while 31,000 shares were sold.
