Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Marathon Digital Holdings Inc’s current trading price is -39.37% away from its 52-week high, while its distance from the 52-week low is 188.69%. The stock’s price range during this period has varied between $7.16 and $34.09. The company, active in the Financial sector, saw a trading volume of around 86.74 million for the day, considerably higher average daily volume of 62.09 million observed over the last three months.
Marathon Digital Holdings Inc’s stock market performance has been consistent. The 1-year high for the company’s stock was recorded at $34.09 on 02/28/24, with the lowest value being $7.16 on 10/06/23.
How Financial Performance Impacts Market Capitalization
Marathon Digital Holdings Inc (MARA) has experienced a quarterly rise of 24.22% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 5.84B and boasts a workforce of 60 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 20.86, with a change in price of +6.02. Similarly, Marathon Digital Holdings Inc recorded 73,141,711 in trading volume during the last 100 days, posting a change of +41.09%.
How MARA’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for MARA stands at 0.20. Similarly, the long-term debt-to-equity ratio is also 0.20.
MARA Stock Stochastic Average
As of today, the raw stochastic average of Marathon Digital Holdings Inc over the past 50 days is 32.60%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 94.78%. Additionally, the Stochastic %K and %D values for the company were 67.04% and 49.65%, respectively, over the past 20 days.
MARA Stock Price Performance Analysis
Depending on how one views it, the stock price performance for the year has been a mixed bag, resulting in either an optimistic or pessimistic outlook. The metric has seen a significant loss of -12.01% since the start of this calendar year. Looking back over the last six months, we can see a weaker performance of 109.63%. Over the past 30 days, the price of MARA has fallen by 12.15%. And in the last five days, it has surged by 14.64%.
