Marathon Digital Holdings Inc (NASDAQ:MARA) shares, rose in value, with the stock price down by -0.42% to the previous day’s close as strong demand from buyers drove the stock to $19.01.
Actively observing the price movement in the last trading, the stock closed the session at $19.09. The PE ratio was 16.91 over 12-month period. Referring to stock’s 52-week performance, its high was $34.09, and the low was $7.16. On the whole, MARA has fluctuated by -6.72% over the past month.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 746.06M, with a low estimate of 151.6M and a high estimate of 194.9M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 180.69M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that MARA’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0.34, with the price of MARA currently trading nearly 5.22% and -11.08% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 51.98, while the 7-day volatility ratio is showing 11.32% which for the 30-day chart, stands at 8.74%. Furthermore, Marathon Digital Holdings Inc (MARA)’s beta value is 5.36, and its average true range (ATR) is 1.79.
A comparison of Marathon Digital Holdings Inc (MARA) with its peers suggests the former has fared considerably weaker in the market. MARA showed an intraday change of -0.42% in last session, and over the past year, it grew by 111.46%%.
Data on historical trading for Marathon Digital Holdings Inc (NASDAQ:MARA) indicates that the trading volumes over the past 3 months, they’ve averaged 65.49 million. According to company’s latest data on outstanding shares, there are 282.64 million shares outstanding.
Nearly 1.68% of Marathon Digital Holdings Inc’s shares belong to company insiders and institutional investors own 36.95% of the company’s shares. The stock has fallen by -19.07% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the MARA stock heading into the next quarter.
