In yesterday’s Wall Street session, Marathon Digital Holdings Inc (NASDAQ:MARA) shares traded at $18.03, down -7.21% from the previous session.
MARA stock price is now -14.32% away from the 50-day moving average and 12.15% away from the 200-day moving average. The market capitalization of the company currently stands at $5.10B.
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With the price target maintained at $27, BTIG Research recently Upgraded its rating from Neutral to Buy for Marathon Digital Holdings Inc (NASDAQ: MARA). On October 31, 2023, Bernstein recently initiated its ‘Mkt Perform’ rating on the stock quoting a target price of $8.30, while ‘JP Morgan’ rates the stock as ‘Underweight’
In other news, SWAMI ASHU, Director sold 11,000 shares of the company’s stock on Aug 31 ’23. The stock was sold for $151,833 at an average price of $13.80. Upon completion of the transaction, the Director now directly owns 7,491 shares in the company, valued at $0.14 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 23 ’23, Director Ouissal Said sold 5,000 shares of the business’s stock. A total of $59,000 was realized by selling the stock at an average price of $11.80. This leaves the insider owning 10,217 shares of the company worth $0.18 million. A total of 1.68% of the company’s stock is owned by insiders.
During the past 12 months, Marathon Digital Holdings Inc has had a low of $7.16 and a high of $34.09. As of last week, the company has a debt-to-equity ratio of 0.20, a current ratio of 30.51, and a quick ratio of 30.51.
The net profit margin was 66.85% and return on equity was 26.09% for MARA. The company reported revenue of $156.77 million for the quarter, compared to $28.42 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 451.67 percent.
