Marathon Digital Holdings Inc (NASDAQ:MARA) price closed lower on Monday, April 15, dropping -5.96% below its previous close.
A look at the daily price movement shows that the last close reads $16.11. The company’s P/E ratio in the trailing 12-month period read 13.48. Taking into account the 52-week price action we note that the stock hit a 52-week high of $34.09 and 52-week low of $7.16. The stock subtracted -16.90% on its value in the past month.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give MARA a short term outlook of 50% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Buy, while an average of long term indicators are currently assigning the stock as 50% Sell.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 0.27. The overview shows that MARA’s price is at present -23.06% off the SMA20 and -30.99% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 31.81, with weekly volatility standing at 6.85%. The indicator jumps to 9.01% when calculated based on the past 30 days. Marathon Digital Holdings Inc (NASDAQ:MARA)’s beta value is holding at 5.40, while the average true range (ATR) indicator is currently reading 1.91.
An analysis of the Marathon Digital Holdings Inc (NASDAQ:MARA) stock in terms of its daily trading volume indicates that the 3-month average is 70.14 million.
Current records show that the company has 282.64M in outstanding shares. The insiders’ percentage holdings are 1.68% of outstanding shares while the percentage share held by institutions stands at 37.13%. But the -35.50% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
