Marathon Digital Holdings Inc (NASDAQ:MARA) price on Wednesday, July 10, fall -0.74% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $18.89.
A look at the stock’s price movement, the close in the last trading session was $19.03. The PE ratio in trailing twelve months stood at 7.77. Turning to its 52-week performance, $34.09 and $7.16 were the 52-week high and 52-week low respectively. Overall, MARA moved -1.97% over the past month.
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Marathon Digital Holdings Inc’s market cap currently stands at around $5.16 billion.
Analysts have a consensus estimate of 161.03M for the company’s revenue for the quarter, with a low and high estimate of 132.1M and 176.5M respectively. The average forecast suggests up to a 97.00% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 698.74M, representing a 80.30% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that MARA is a Hold. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in Hold category.
The technical evaluation for the stock shows the PEG ratio is 0.16, with MARA’s current price about -5.65% and -4.11% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 43.99, while 7-day volatility ratio is 5.29% and 6.99% in the 30-day chart. Further, Marathon Digital Holdings Inc (MARA) has a beta value of 5.56, and an average true range (ATR) of 1.51.
If we refocus on Marathon Digital Holdings Inc (NASDAQ:MARA), historical trading data shows that trading volumes averaged 45.87 million over the past 3 months. The company’s latest data on shares outstanding shows there are 272.96 million shares.
The 0.77% of Marathon Digital Holdings Inc’s shares are in the hands of company insiders while institutional holders own 41.22% of the company’s shares. Current price change has pushed the stock -19.58% 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.