In Tuesday’s Wall Street session, MARA Holdings Inc (NASDAQ:MARA) shares traded at $16.05, down -5.03% from the previous session.
MARA stock price is now -17.70% away from the 50-day moving average and -16.02% away from the 200-day moving average. The market capitalization of the company currently stands at $5.45B.
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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, Officer bought 27,505 shares of the company’s stock on Feb 18 ’25. The stock was bought for $458,783 at an average price of $16.68. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 12 ’25, Director MELLINGER DOUGLAS K bought 1,000 shares of the business’s stock. A total of $16,000 was incurred on buying the stock at an average price of $16.00. A total of 2.15% 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.
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. For the current quarter, analysts expect MARA to generate $187.11M in revenue.
