MARA Holdings Inc (NASDAQ:MARA) shares traded 8.05% higher at $24.56 on Wall Street last session.
MARA stock price is now 18.62% away from the 50-day moving average and 27.34% away from the 200-day moving average. The market capitalization of the company currently stands at $7.96B.
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With the price target enhanced from $12 to $23, JP Morgan Upgraded its rating from Underweight to Neutral for MARA Holdings Inc (NASDAQ: MARA). On November 25, 2024, Barclays recently initiated its ‘Equal Weight’ rating on the stock quoting a target price of $27, while ‘Compass Point’ rates the stock as ‘Neutral’
In other news, MELLINGER DOUGLAS K, Director sold 1,000 shares of the company’s stock on Dec 12 ’24. The stock was sold for $23,800 at an average price of $23.80. Upon completion of the transaction, the Director now directly owns 138,756 shares in the company, valued at $3.41 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 16 ’24, Officer Khan Salman Hassan bought 16,700 shares of the business’s stock. A total of $392,450 was incurred on buying the stock at an average price of $23.50. A total of 2.35% of the company’s stock is owned by insiders.
During the past 12 months, MARA Holdings Inc has had a low of $13.16 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 $8379000320, which is based on a 22.74 price-to-earnings ratio, a 0.45 price-to-earnings-growth ratio, and a beta of 5.71. The fifty day moving average price for MARA is $20.5394 and a two-hundred day moving average price translates $19.29885 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.
