What's going on with Mara shares?

MARA shares are closely tied to Bitcoin prices, so they have been on a wild ride. MARA stock hit a 52-week high of 83.45 on Nov. 9, 2021. But the stock has since pulled back significantly. Shares are now trading around $10 and just below their 50-day line, according to MarketSmith chart analysis.

How fast does Mara stock move?

After hitting its short-term peak, the share price retraced back to $38.93 on April 16. Moreover, MARA stock has a five-year monthly beta of 4.67. This implies that the stock has historically moved between four and five times as fast as the overall stock market.

Is Mara stock trading at 11 times price-to-book?

Adding to the pain, its three-year revenue growth rate is sharply negative. Despite the shoddy financials, though, MARA stock is trading at 11 times price-to-book and more than 18 times price-to-sales. Simply put, this is extreme and unjustified exuberance for such a lackluster organization.