At the time of writing, Marathon Digital Holdings Inc [MARA] stock is trading at $20.87, down -4.18%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The MARA shares have gain 8.02% over the last week, with a monthly amount drifted -15.02%, 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.
For the past year, the stock price of Marathon Digital Holdings Inc fluctuated between $6.87 and $34.09. 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 $20.87 at the most recent close of the market. An investor can expect a potential return of 46.62% based on the average MARA price forecast.
Analyzing the MARA fundamentals
According to Marathon Digital Holdings Inc [NASDAQ:MARA], the company’s sales were 387.51M for trailing twelve months, which represents an 451.67% jump. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.2.
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 20.46 points at the first support level, and at 20.05 for the second support level. However, for the 1st resistance point, the stock is sitting at 21.42, and for the 2nd resistance point, it is at 21.97.
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 is important to note that Marathon Digital Holdings Inc [NASDAQ:MARA] has a current ratio of 30.51. As well, the Quick Ratio is 30.51, while the Cash Ratio is 10.58. Considering the valuation of this stock, the price to sales ratio is 15.22, the price to book ratio is 3.14 and price to earnings (TTM) ratio is 18.56.
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.
