A share price of Marathon Digital Holdings Inc [MARA] is currently trading at $16.44, up 1.23%. An important factor to consider is whether the stock is rising or falling in short-term value. The MARA shares have gain 8.80% over the last week, with a monthly amount drifted -33.52%, and not seem to be holding up well over a long-time horizon.
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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.
Marathon Digital Holdings Inc experienced fluctuations in its stock price throughout the past year between $7.16 and $34.09. Currently, Wall Street analysts expect the stock to reach $31.2 within the next 12 months. Marathon Digital Holdings Inc [NASDAQ: MARA] shares were valued at $16.44 at the most recent close of the market. An investor can expect a potential return of 89.78% based on the average MARA price forecast.
Analyzing the MARA fundamentals
Trailing Twelve Months sales for Marathon Digital Holdings Inc [NASDAQ:MARA] were 564.95M which represents 77.52% growth. Gross Profit Margin for this corporation currently stands at 0.01% with Operating Profit Margin at -0.61%, Pretax Profit Margin comes in at 0.79%, and Net Profit Margin reading is 0.75%. To continue investigating profitability, this company’s Return on Assets is posted at 0.14, Equity is 0.22 and Total Capital is -0.11. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.12.
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 16.00 points at the first support level, and at 15.56 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.84, and for the 2nd resistance point, it is at 17.24.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Marathon Digital Holdings Inc [NASDAQ:MARA] is 3.75. On the other hand, the Quick Ratio is 3.75, and the Cash Ratio is 2.7. Considering the valuation of this stock, the price to sales ratio is 8.23, the price to book ratio is 1.79 and price to earnings (TTM) ratio is 8.93.
Transactions by insiders
Recent insider trading involved MELLINGER DOUGLAS K, Director, that happened on Aug 12 ’24 when 1000.0 shares were sold. Director, MELLINGER DOUGLAS K completed a deal on Aug 12 ’24 to buy 1000.0 shares. Meanwhile, Director Ouissal Said sold 10217.0 shares on Jun 12 ’24.
