Marathon Digital Holdings Inc [MARA] stock prices are up 16.10% to $22.43 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The MARA shares have gain 13.86% over the last week, with a monthly amount drifted -8.49%, and not seem to be holding up well over a long-time horizon.
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On 15, March 2024, Marathon Digital Holdings Enters Definitive Agreement To Acquire 200-Megawatt Bitcoin Mining Data Center Adjacent to a Wind Farm. In a post published today on Yahoo Finance, All Cash Acquisition To Increase Marathon’s Bitcoin Mining Portfolio to 1.1 Gigawatts, 54% of which Will Reside on Sites Directly Owned and Operated by the Company.
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.
The stock price of Marathon Digital Holdings Inc [MARA] has been fluctuating between $6.87 and $34.09 over the past year. 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 $22.43 at the most recent close of the market. An investor can expect a potential return of 36.42% based on the average MARA price forecast.
Analyzing the MARA fundamentals
The Marathon Digital Holdings Inc [NASDAQ:MARA] reported sales of 387.51M for trailing twelve months, representing a surge of 451.67%. Gross Profit Margin for this corporation currently stands at 0.1% with Operating Profit Margin at -0.15%, Pretax Profit Margin comes in at 0.72%, and Net Profit Margin reading is 0.67%. To continue investigating profitability, this company’s Return on Assets is posted at 0.13, Equity is 0.28 and Total Capital is -0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.2.
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 20.16 points at the first support level, and at 17.88 for the second support level. However, for the 1st resistance point, the stock is sitting at 23.57, and for the 2nd resistance point, it is at 24.70.
Marathon Digital Holdings Inc [MARA] reported earnings per share of $0.66 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.03/share, meaning a difference of $0.63 and a surprise factor of 2,100.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.35 per share as compared to estimates of -$0.1 per share, a difference of $0.45 representing a surprise of 450.00%.
Ratios To Look Out For
It’s worth pointing out that Marathon Digital Holdings Inc [NASDAQ:MARA]’s Current Ratio is 30.51. Also, the Quick Ratio is 30.51, while the Cash Ratio stands at 10.58. Considering the valuation of this stock, the price to sales ratio is 16.36, the price to book ratio is 3.37 and price to earnings (TTM) ratio is 19.95.
Transactions by insiders
Recent insider trading involved SWAMI ASHU, Director, that happened on Aug 31 ’23 when 11000.0 shares were sold. Director, Ouissal Said completed a deal on Aug 23 ’23 to sell 5000.0 shares. Meanwhile, Director Ouissal Said sold 15000.0 shares on Aug 22 ’23.
