In yesterday’s Wall Street session, Marathon Digital Holdings Inc (NASDAQ:MARA) shares traded at $20.45, down -5.19% from the previous session.
MARA stock price is now -1.66% away from the 50-day moving average and 10.74% away from the 200-day moving average. The market capitalization of the company currently stands at $5.78B.
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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, Ouissal Said, Director sold 10,217 shares of the company’s stock on Jun 12 ’24. The stock was sold for $209,448 at an average price of $20.50. Upon completion of the transaction, the Director now directly owns 60,046 shares in the company, valued at $1.23 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 31 ’23, Director SWAMI ASHU sold 11,000 shares of the business’s stock. A total of $151,833 was realized by selling the stock at an average price of $13.80. This leaves the insider owning 7,491 shares of the company worth $0.15 million. A total of 0.78% 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 0.14, a current ratio of 23.07, and a quick ratio of 23.07. According to the stock market information, the enterprise value for the company is $5903891456, which is based on a 8.41 price-to-earnings ratio, a 0.17 price-to-earnings-growth ratio, and a beta of 5.57. The fifty day moving average price for MARA is $20.7994 and a two-hundred day moving average price translates $18.526 for the stock.
The latest earnings results from Marathon Digital Holdings Inc (NASDAQ: MARA) was released for 2024-03-31. The net profit margin was 120.31% and return on equity was 40.07% for MARA. The company reported revenue of $165.2 million for the quarter, compared to $51.13 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 223.08 percent.
