The price of MARA Holdings Inc. (NASDAQ:MARA) shares last traded on Wall Street fell -6.19% to $16.22.
MARA stock price is now -5.72% away from the 50-day moving average and -18.19% away from the 200-day moving average. The market capitalization of the company currently stands at $4.78B.
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With the price target of $22, Macquarie recently initiated with Outperform rating for MARA Holdings Inc. (NASDAQ: MARA). On January 17, 2024, BTIG Research Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock keeping its target price maintained at $27, while ‘Bernstein’ rates the stock as ‘Mkt Perform’
In other news, Thiel Frederick G, Chief Executive Officer sold 27,512 shares of the company’s stock on Sep 20 ’24. The stock was sold for $431,938 at an average price of $15.70. Upon completion of the transaction, the Chief Executive Officer now directly owns 4,278,309 shares in the company, valued at $69.39 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 16 ’24, Chief Financial Officer Khan Salman Hassan sold 16,700 shares of the business’s stock. A total of $262,190 was realized by selling the stock at an average price of $15.70. This leaves the insider owning 2,103,347 shares of the company worth $34.12 million. A total of 0.74% of the company’s stock is owned by insiders.
During the past 12 months, MARA 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 $4867300352, which is based on a 8.81 price-to-earnings ratio, a 0.18 price-to-earnings-growth ratio, and a beta of 5.52. The fifty day moving average price for MARA is $17.0342 and a two-hundred day moving average price translates $19.83415 for the stock.
The latest earnings results from MARA 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.
