In yesterday’s Wall Street session, MARA Holdings Inc (NASDAQ:MARA) shares traded at $26.42, up 1.50% from the previous session.
MARA stock price is now 44.84% away from the 50-day moving average and 35.97% away from the 200-day moving average. The market capitalization of the company currently stands at $9.15B.
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With the price target of $27, Barclays recently initiated with Equal Weight rating for MARA Holdings Inc (NASDAQ: MARA). On November 21, 2024, Compass Point Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock increasing its target price from $21 to quote $25, while ‘Cantor Fitzgerald’ rates the stock as ‘Overweight’
In other news, Leupp Jay P, Director bought 11,200 shares of the company’s stock on Nov 25 ’24. The stock was bought for $303,072 at an average price of $27.06. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 18 ’24, Chief Financial Officer Khan Salman Hassan sold 16,700 shares of the business’s stock. A total of $330,660 was realized by selling the stock at an average price of $19.80. This leaves the insider owning 2,029,647 shares of the company worth $53.62 million. A total of 2.58% of the company’s stock is owned by insiders.
During the past 12 months, MARA Holdings Inc has had a low of $10.76 and a high of $34.09. As of last week, the company has a debt-to-equity ratio of 0.22, a current ratio of 4.00, and a quick ratio of 4.00. According to the stock market information, the enterprise value for the company is $8852092928, which is based on a 24.46 price-to-earnings ratio, a 0.49 price-to-earnings-growth ratio, and a beta of 5.62. The fifty day moving average price for MARA is $18.0304 and a two-hundred day moving average price translates $19.4175 for the stock.
The latest earnings results from MARA Holdings Inc (NASDAQ: MARA) was released for 2024-09-30. The net profit margin was 39.44% and return on equity was 12.19% for MARA. The company reported revenue of $131.65 million for the quarter, compared to $97.85 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 34.54 percent.
