At the time of writing, Marathon Digital Holdings Inc [MARA] stock is trading at $29.19, up 21.68%. An important factor to consider is whether the stock is rising or falling in short-term value. The MARA shares have gain 8.35% over the last week, with a monthly amount glided 79.41%, and seem to be holding up well over a long-time horizon.
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On 24, February 2024, OrdinalsBot Mints Full BRC-20 Token Supply in a Single Bitcoin Transaction with Marathon Digital Holdings. In a post published today on Yahoo Finance, OrdinalsBot, a premier technology infrastructure company which provides API solutions for Bitcoin Ordinals and BRC-20s, has minted the full supply of a BRC-20 token in a single Bitcoin transaction via Slipstream, a new service launched by Marathon Digital Holdings (NASDAQ: MARA). This Bitcoin block represents a historical moment for the industry, being the first full supply of a BRC-20 token to be minted in a single transaction.
From an analyst’s perspective:
Marathon Digital Holdings Inc [NASDAQ: MARA] stock has seen the most recent analyst activity on January 17, 2024, when BTIG Research upgraded its rating to a Buy but kept the price target unchanged to $27 for it. Previously, Bernstein started tracking the stock with Mkt Perform rating on October 31, 2023, and set its price target to $8.30. On October 11, 2023, JP Morgan initiated with a Underweight rating and assigned a price target of $5 on the stock. Needham started tracking the stock assigning a Hold rating. Chardan Capital Markets downgraded its rating to a Neutral but $15 remained the price target by the analyst firm on August 07, 2023. Jefferies downgraded its rating to Hold for this stock on January 09, 2023, and downed its price target to $4. In a note dated September 23, 2022, BTIG Research downgraded an Neutral rating on this stock.
For the past year, the stock price of Marathon Digital Holdings Inc fluctuated between $5.13 and $31.30. Currently, Wall Street analysts expect the stock to reach $30.6 within the next 12 months. Marathon Digital Holdings Inc [NASDAQ: MARA] shares were valued at $29.19 at the most recent close of the market. An investor can expect a potential return of 4.83% based on the average MARA price forecast.
Analyzing the MARA fundamentals
According to Marathon Digital Holdings Inc [NASDAQ:MARA], the company’s sales were 259.16M for trailing twelve months, which represents an 671.04% jump. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -6.
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 25.80 points at the first support level, and at 22.40 for the second support level. However, for the 1st resistance point, the stock is sitting at 31.20, and for the 2nd resistance point, it is at 33.21.
Marathon Digital Holdings Inc [MARA] reported earnings per share of $0.35 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.1/share, meaning a difference of $0.45 and a surprise factor of 450.00%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were -$0.13 per share as compared to estimates of -$0.07 per share, a difference of -$0.06 representing a surprise of -85.70%.
Ratios To Look Out For
It is important to note that Marathon Digital Holdings Inc [NASDAQ:MARA] has a current ratio of 11.33. On the other hand, the Quick Ratio is 11.33, and the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 25.07, the price to book ratio is 6.02.
Transactions by insiders
Recent insider trading involved SWAMI ASHU, Director, that happened on Aug 31 when 11000.0 shares were sold. Director, Ouissal Said completed a deal on Aug 23 to sell 5000.0 shares. Meanwhile, Director Ouissal Said sold 15000.0 shares on Aug 22.
