In yesterday’s Wall Street session, MARA Holdings Inc (NASDAQ:MARA) shares traded at $25.01, up 29.92% from the previous session.
MARA stock price is now 49.31% away from the 50-day moving average and 29.99% away from the 200-day moving average. The market capitalization of the company currently stands at $7.34B.
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With the price target of $21, Cantor Fitzgerald recently initiated with Overweight rating for MARA Holdings Inc (NASDAQ: MARA). On September 25, 2024, Macquarie recently initiated its ‘Outperform’ rating on the stock quoting a target price of $22, while ‘BTIG Research’ rates the stock as ‘Buy’
In other news, Khan Salman Hassan, Chief Financial Officer sold 16,700 shares of the company’s stock on Oct 16 ’24. The stock was sold for $292,250 at an average price of $17.50. Upon completion of the transaction, the Chief Financial Officer now directly owns 2,077,232 shares in the company, valued at $51.95 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 16 ’24, Chief Executive Officer Thiel Frederick G sold 27,505 shares of the business’s stock. A total of $481,338 was realized by selling the stock at an average price of $17.50. This leaves the insider owning 4,250,804 shares of the company worth $106.31 million. A total of 2.63% of the company’s stock is owned by insiders.
During the past 12 months, MARA Holdings Inc has had a low of $8.84 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 $7455732224, which is based on a 13.58 price-to-earnings ratio, a 0.27 price-to-earnings-growth ratio, and a beta of 5.53. The fifty day moving average price for MARA is $16.5846 and a two-hundred day moving average price translates $19.2036 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.
