MARA Holdings Inc (NASDAQ:MARA) shares traded -9.74% lower at $23.85 on Wall Street last session.
MARA stock price is now 19.57% away from the 50-day moving average and 22.81% away from the 200-day moving average. The market capitalization of the company currently stands at $8.19B.
With the price target of $27, Barclays recently initiated with Equal Weight rating for MARA Holdings Inc (NASDAQ: MARA). On November 21, 2024, Compass Point Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock increasing its target price from $21 to quote $25, while ‘Cantor Fitzgerald’ rates the stock as ‘Overweight’
In other news, Leupp Jay P, Director sold 6,800 shares of the company’s stock on Nov 29 ’24. The stock was sold for $203,320 at an average price of $29.90. Upon completion of the transaction, the Director now directly owns 135,756 shares in the company, valued at $3.24 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 29 ’24, Director Leupp Jay P bought 6,800 shares of the business’s stock. A total of $203,320 was incurred on buying the stock at an average price of $29.90. A total of 2.57% 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 $8152109056, which is based on a 22.09 price-to-earnings ratio, a 0.44 price-to-earnings-growth ratio, and a beta of 5.70. The fifty day moving average price for MARA is $19.8196 and a two-hundred day moving average price translates $19.4247 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.
