MARA Holdings Inc. (MARA) stock hits $15.83: Is it a good time to buy or wait for a dip?

Currently, MARA Holdings Inc. [MARA] is trading at $15.83, down -1.00%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The MARA shares have gain 5.04% over the last week, with a monthly amount glided 8.28%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

MARA Holdings Inc. [NASDAQ: MARA] stock has seen the most recent analyst activity on September 25, 2024, when Macquarie initiated its Outperform rating and assigned the stock a price target of $22. Previously, BTIG Research upgraded its rating to Buy on January 17, 2024, and kept the price target unchanged to $27. On October 31, 2023, Bernstein initiated with a Mkt Perform rating and assigned a price target of $8.30 on the stock. JP Morgan started tracking the stock assigning a Underweight rating and suggested a price target of $5 on October 11, 2023. Needham initiated its recommendation with a Hold. Chardan Capital Markets downgraded its rating to Neutral for this stock on August 07, 2023, but kept the price target unchanged to $15. In a note dated January 09, 2023, Jefferies downgraded an Hold rating on this stock and revised its target price from $12.50 to $4.

This stock has fluctuated between a low of $7.55 and a high of $34.09 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $29.67 within the next 12 months. MARA Holdings Inc. [NASDAQ: MARA] shares were valued at $15.83 at the most recent close of the market. An investor can expect a potential return of 87.43% based on the average MARA price forecast.

Analyzing the MARA fundamentals

Trailing Twelve Months sales for MARA Holdings Inc. [NASDAQ:MARA] were 564.95M which represents 77.52% growth. Gross Profit Margin for this corporation currently stands at 0.01% with Operating Profit Margin at -0.61%, Pretax Profit Margin comes in at 0.79%, and Net Profit Margin reading is 0.75%. To continue investigating profitability, this company’s Return on Assets is posted at 0.14, Equity is 0.22 and Total Capital is -0.11. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.12.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 15.53 points at the first support level, and at 15.23 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.25, and for the 2nd resistance point, it is at 16.67.

Ratios To Look Out For

To put it in perspective, the Current Ratio for MARA Holdings Inc. [NASDAQ:MARA] is 3.75. In addition, the Quick Ratio stands at 3.75 and the Cash Ratio stands at 2.7. Considering the valuation of this stock, the price to sales ratio is 8.25, the price to book ratio is 1.72 and price to earnings (TTM) ratio is 8.60.

Transactions by insiders

Recent insider trading involved Thiel Frederick G, Chief Executive Officer, that happened on Sep 20 ’24 when 27512.0 shares were sold. Chief Financial Officer, Khan Salman Hassan completed a deal on Sep 16 ’24 to sell 16700.0 shares. Meanwhile, Director MELLINGER DOUGLAS K sold 1000.0 shares on Sep 12 ’24.

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