The price of MARA Holdings Inc (NASDAQ:MARA) shares last traded on Wall Street fell -3.56% to $19.25.
MARA stock price is now -9.41% away from the 50-day moving average and 0.07% away from the 200-day moving average. The market capitalization of the company currently stands at $6.07B.
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With the price target of $34, Piper Sandler recently initiated with Overweight rating for MARA Holdings Inc (NASDAQ: MARA). On December 10, 2024, JP Morgan Upgraded its previous ‘Underweight’ rating to ‘Neutral’ on the stock increasing its target price from $12 to quote $23, while ‘Barclays’ rates the stock as ‘Equal Weight’
In other news, Thiel Frederick G, Chief Executive Officer sold 27,505 shares of the company’s stock on Dec 16 ’24. The stock was sold for $646,368 at an average price of $23.50. Upon completion of the transaction, the Chief Executive Officer now directly owns 4,128,090 shares in the company, valued at $79.47 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 16 ’24, Chief Financial Officer Khan Salman Hassan sold 16,700 shares of the business’s stock. A total of $392,450 was realized by selling the stock at an average price of $23.50. This leaves the insider owning 1,836,129 shares of the company worth $35.35 million. 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 $6898575360, which is based on a 17.82 price-to-earnings ratio, a 0.36 price-to-earnings-growth ratio, and a beta of 5.75. The fifty day moving average price for MARA is $21.1854 and a two-hundred day moving average price translates $19.2574 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.
