MARA Holdings Inc. (NASDAQ:MARA) shares, rose in value, with the stock price down by -3.48% to the previous day’s close as strong demand from buyers drove the stock to $18.28.
Actively observing the price movement in the last trading, the stock closed the session at $18.94, falling within a range of $18.01 and $19.12. The value of beta (5-year monthly) was 5.515 whereas the PE ratio was 9.93 over 12-month period. Referring to stock’s 52-week performance, its high was $34.09, and the low was $8.39. On the whole, MARA has fluctuated by 21.30% over the past month.
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With the market capitalization of MARA Holdings Inc. currently standing at about $5.38 billion, investors are eagerly awaiting this quarter’s results, scheduled for in November.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that MARA’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0.20, with the price of MARA currently trading nearly 5.54% and 10.08% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 55.60, while the 7-day volatility ratio is showing 7.37% which for the 30-day chart, stands at 6.49%. Furthermore, MARA Holdings Inc. (MARA)’s beta value is 5.54, and its average true range (ATR) is 1.25.
A comparison of MARA Holdings Inc. (MARA) with its peers suggests the former has fared considerably weaker in the market. MARA showed an intraday change of -3.48% in last session, and over the past year, it grew by 106.55%%.
Data on historical trading for MARA Holdings Inc. (NASDAQ:MARA) indicates that the trading volumes over the past 10 days have averaged 47.48 and over the past 3 months, they’ve averaged 36.46 million. According to company’s latest data on outstanding shares, there are 294.48 million shares outstanding.
Nearly 2.63% of MARA Holdings Inc.’s shares belong to company insiders and institutional investors own 56.20% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 77.62 million shares as on 2024-10-15, resulting in a short ratio of 2.22. According to the data, the short interest in MARA Holdings Inc. (MARA) stood at 2887.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 80.82 million. The stock has fallen by -22.18% 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.
