Marathon Digital Holdings Inc. (NASDAQ:MARA) price on Friday, October 08, rose 2.29% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $39.30.
A look at the stock’s price movement, the level at last check in today’s session was $38.42, moving within a range at $37.11 and $38.59. The beta value (5-Year monthly) was 4.55. Turning to its 52-week performance, $57.75 and $1.97 were the 52-week high and 52-week low respectively. Overall, MARA moved 3.03% over the past month.
Marathon Digital Holdings Inc.’s market cap currently stands at around $3.64 billion, with investors looking forward to this quarter’s earnings report slated for Nov 10, 2021 – Nov 15, 2021. Analysts project the company’s earnings per share (EPS) to be $0.49, which has seen fiscal year 2021 EPS growth forecast to increase to $1 and about $4.14 for fiscal year 2022. Per the data, EPS growth is expected to be 933.30% for 2021 and 314.00% for the next financial year.
Analysts have a consensus estimate of $81.96 million for the company’s revenue for the quarter, with a low and high estimate of $67.28 million and $97.5 million respectively. Wall Street analysts have also projected the company’s year-on-year revenue for 2021 to grow to $251.4 million, representing a 5,670.00% jump on that reported in the last financial year.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that MARA is a 50% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
3 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 3 recommend MARA as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
MARA’s current price about 11.74% and 11.87% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 59.09, while 7-day volatility ratio is 6.49% and 6.65% in the 30-day chart. Further, Marathon Digital Holdings Inc. (MARA) has a beta value of 4.55, and an average true range (ATR) of 2.62.
In the market, a comparison of Marathon Digital Holdings Inc. (MARA) and its peers suggest the former has performed considerably stronger. Data shows MARA’s intraday price has changed 2.29% today and 1880.41% over the past year. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are up 0.15% and 0.18% respectively on the day as seen in early trades.
If we refocus on Marathon Digital Holdings Inc. (NASDAQ:MARA), historical trading data shows that trading volumes averaged 8.77 million over the past 3 months. The company’s latest data on shares outstanding shows there are 99.47 million shares.
The 5.80% of Marathon Digital Holdings Inc.’s shares are in the hands of company insiders while institutional holders own 36.00% of the company’s shares. Current price change has pushed the stock 268.01% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the MARA stock continues to rise going into the next quarter.