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Wednesday, September 27, 2023

Insights Into Marathon Digital Holdings Inc. (MARA) Exposure By Institutions

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Marathon Digital Holdings Inc. (MARA) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.21, or 2.12%, to $10.10. The Marathon Digital Holdings Inc. has recorded 879,056 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Marathon Digital Holdings Announces Private Exchanges of Approximately $417 Million of 1.00% Convertible Notes Due 2026 for Shares of Common Stock.

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Stocks Info

Marathon Digital Holdings Inc. is listed on the NASDAQ in the Financial sector while operating in the Capital Markets industry. At the end of the last regular session, the stock closed at $9.89 and fluctuated between $10.18 as its day high and $9.70 as its day low. The current market capitalization of Marathon Digital Holdings Inc. is $1.72B. A total of 29.01 million shares were traded on the day, compared to an average of 37.65M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, MARA has seen 0 BUY and 1 SELL insider trades, representing the acquisition of 0 and the disposition of 15,000 shares. Over the last 12 months, there were 15 BUYs and 2 SELLs from insiders. Insiders purchased 298,478 shares during that period but sold 52,500.

In the most recent transaction, SWAMI ASHU sold 11,000 shares of MARA for 13.80 per share on Aug 31. After the transaction, the Director now owns 7,491 company shares. In a previous transaction on Aug 23, Ouissal Said sold 5,000 shares at 11.80 per share. MARA shares that Director owns now total 10,217.

Among the insiders who sold shares, Ouissal Said disposed of 15,000 shares on Aug 22 at a per-share price of $10.95. This resulted in the Director holding 15,217 shares of MARA after the transaction. In another insider transaction, MELLINGER DOUGLAS K bought 10,000 shares at $3.27 per share on Dec 28. Company shares held by the Director now total 28,771.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for MARA in the last 3 months, the mean price target is $15.40 with high estimates of $20.00 and low estimates of $11.00. In terms of 52-week highs and lows, MARA has a high of $19.88 and a low of $3.11.

As of this writing, MARA has an earnings estimate of -$0.12 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of -$0.01 per share and a lower estimate of -$0.25. The company reported an EPS of -$0.05 in the last quarter, which was 37.50% higher than expectations of -$0.08.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. MARA’s latest balance sheet shows that the firm has $492.30M in Cash & Short Term Investments as of fiscal 2021. There were $728.41M in debt and $13.79M in liabilities at the time. Its Book Value Per Share was $3.53, while its Total Shareholder’s Equity was $683.02M.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for MARA is Buy with a score of 3.67.

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