In yesterday’s Wall Street session, Marathon Digital Holdings Inc (NASDAQ:MARA) shares traded at $15.26, down -8.62% from the previous session.
MARA stock price is now -20.74% away from the 50-day moving average and -21.85% away from the 200-day moving average. The market capitalization of the company currently stands at $4.49B.
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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, MELLINGER DOUGLAS K, Director sold 1,000 shares of the company’s stock on Aug 12 ’24. The stock was sold for $16,050 at an average price of $16.05. Upon completion of the transaction, the Director now directly owns 142,756 shares in the company, valued at $2.18 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 12 ’24, Director MELLINGER DOUGLAS K bought 1,000 shares of the business’s stock. A total of $16,050 was incurred on buying the stock at an average price of $16.05. A total of 0.77% 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 0.13, a current ratio of 3.75, and a quick ratio of 3.75. According to the stock market information, the enterprise value for the company is $4584604672, which is based on a 8.29 price-to-earnings ratio, a 0.17 price-to-earnings-growth ratio, and a beta of 5.52. The fifty day moving average price for MARA is $19.1744 and a two-hundred day moving average price translates $19.55635 for the stock.
The latest earnings results from Marathon Digital Holdings Inc (NASDAQ: MARA) was released for 2024-06-30. The net profit margin was 75.24% and return on equity was 26.13% for MARA. The company reported revenue of $145.14 million for the quarter, compared to $81.76 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 77.52 percent. For the current quarter, analysts expect MARA to generate $153.03M in revenue.
