Marathon Digital Holdings Inc (NASDAQ:MARA) shares, rose in value, on Thursday, July 18, with the stock price down by -5.38% to the previous day’s close as strong demand from buyers drove the stock to $24.17.
Actively observing the price movement in the recent trading, the stock is buoying the session at $25.55. The PE ratio was 9.94 over 12-month period. Referring to stock’s 52-week performance, its high was $34.09, and the low was $7.16. On the whole, MARA has fluctuated by 20.75% over the past month.
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Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 699.47M, with a low estimate of 132.1M and a high estimate of 174.82M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 157.84M.
The stock’s technical analysis shows that the PEG ratio is about 0.20, with the price of MARA currently trading nearly 15.99% and 18.93% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 60.46, while the 7-day volatility ratio is showing 10.79% which for the 30-day chart, stands at 7.64%. Furthermore, Marathon Digital Holdings Inc (MARA)’s beta value is 5.58, and its average true range (ATR) is 1.89.
A comparison of Marathon Digital Holdings Inc (MARA) with its peers suggests the former has fared considerably weaker in the market. MARA showed an intraday change of -5.38% in today’s session so far, and over the past year, it grew by 43.81%%.
Data on historical trading for Marathon Digital Holdings Inc (NASDAQ:MARA) indicates that the trading volumes over the past 3 months, they’ve averaged 48.08 million. According to company’s latest data on outstanding shares, there are 272.96 million shares outstanding.
Nearly 0.77% of Marathon Digital Holdings Inc’s shares belong to company insiders and institutional investors own 41.24% of the company’s shares. The stock has risen by 2.92% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the MARA stock heading into the next quarter.