MARA Holdings Inc (NASDAQ:MARA) shares, rose in value on Tuesday, December 31, with the stock price down by -3.01% to the previous day’s close as strong demand from buyers drove the stock to $16.77.
Actively observing the price movement in the last trading, the stock closed the session at $17.29, falling within a range of $16.64 and $18.22. The PE ratio was 15.53 over 12-month period. Referring to stock’s 52-week performance, its high was $34.09, and the low was $13.16. On the whole, MARA has fluctuated by -38.84% over the past month.
With the market capitalization of MARA Holdings Inc currently standing at about $5.52 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 623.3M, with a low estimate of 151.7M and a high estimate of 210.4M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 175.46M.
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 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0.31, with the price of MARA currently trading nearly -23.75% and -21.30% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 34.33, while the 7-day volatility ratio is showing 6.11% which for the 30-day chart, stands at 8.22%. Furthermore, MARA Holdings Inc (MARA)’s beta value is 5.77, and its average true range (ATR) is 1.91.
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 -3.01% in last session, and over the past year, it shrunk by -28.61%%.
Data on historical trading for MARA Holdings Inc (NASDAQ:MARA) indicates that the trading volumes over the past 10 days have averaged 39.07 and over the past 3 months, they’ve averaged 59.21 million. According to company’s latest data on outstanding shares, there are 339.38 million shares outstanding.
Nearly 2.34% of MARA Holdings Inc’s shares belong to company insiders and institutional investors own 49.05% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 78.82 million shares as on 2024-12-13, resulting in a short ratio of 0.93. According to the data, the short interest in MARA Holdings Inc (MARA) stood at 2513.00 of shares outstanding as of 2024-12-13; the number of short shares registered in 2024-11-15 reached 64.81 million. The stock has fallen by -28.61% 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.
