MARA Holdings Inc (NASDAQ:MARA) price on Wednesday, February 05, fall -3.51% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $17.03.
A look at the stock’s price movement, the close in the last trading session was $17.65, moving within a range at $17.02 and $17.94. The PE ratio in trailing twelve months stood at 15.77. Turning to its 52-week performance, $34.09 and $13.16 were the 52-week high and 52-week low respectively. Overall, MARA moved -13.29% over the past month.
MARA Holdings Inc’s market cap currently stands at around $5.78 billion, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 182.85M for the company’s revenue for the quarter, with a low and high estimate of 151.7M and 219M respectively. The average forecast suggests up to a 16.64% 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 629.89M, representing a 62.55% 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 100% Sell. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
8 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 3 analyst(s) rate the stock as a Hold, 5 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 -8.07% and -18.85% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 38.96, while 7-day volatility ratio is 5.94% and 6.66% in the 30-day chart. Further, MARA Holdings Inc (MARA) has a beta value of 5.93, and an average true range (ATR) of 1.43. Analysts have given the company’s stock an average 52-week price target of $24, forecast between a low of $22 and high of $33. Looking at the price targets, the low is -29.18% off current price level while to achieve the yearly target high, price needs to move -93.78%. Nonetheless, investors will most likely welcome a -40.93% jump to $24 which is the analysts’ median price.
If we refocus on MARA Holdings Inc (NASDAQ:MARA), historical trading data shows that trading volumes averaged 35.02 over the past 10 days and 59.09 million over the past 3 months. The company’s latest data on shares outstanding shows there are 339.38 million shares.
The 2.21% of MARA Holdings Inc’s shares are in the hands of company insiders while institutional holders own 49.77% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 81.86 million on 2025-01-15, giving us a short ratio of 2.09. The data shows that as of 2025-01-15 short interest in MARA Holdings Inc (MARA) stood at 2609.0000000000005 of shares outstanding, with shares short rising to 78.82 million registered in 2024-12-13. Current price change has pushed the stock 1.55% 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.
