See what's happening in the market right now with MarketBeat's real-time news feed. This includes measuring aspects of the Income Statement, Statement of Cash Flows, the Balance Sheet, and more. Know what industry insiders are buying. What is Marathon Digital's consensus rating and price target? This shows the percentage of profit a company earns on its sales. This longer-term historical perspective lets the user see how a company has grown over time. If a company's net margin is 15%, for example, that means its net income (or profit) is 15 cents for every $1 of sales the company makes. Like the P/E ratio, a lower number is considered better. 3 Crypto Stocks to Buy as Bitcoin Surges Once Again. Zacks Style Scores Education - Learn more about the Zacks Style Scores. There is a sell signal from a pivot top found 1 day ago.). In the past three months, Marathon Digital insiders have not sold or bought any company stock. And margin rates can vary significantly across these different groups. When is the next earnings date for Marathon Patent? A P/B of 0.5 means its selling at half its book value. The (F1) EPS Estimate Monthly Change calculates the percentage change in the consensus earnings estimate for the current year (F1) over the last 4 weeks. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. If this is broken, then the next support from accumulated volume will be at $9.00 and $8.75. Its Value Score of F indicates it would be a bad pick for value investors. The Marathon Patent stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. The Marathon Patent stock is overbought on RSI14 and lies in the upper part of the trend. The stocks technical analysis shows that the PEG ratio is about 0, with the price of MARA currently trading nearly 39.98% and 56.70% away from the simple moving averages for 20 and 50 days respectively. The average stock price target of $10 suggests that the . MARA's price/sales ratio is 12.09; that's higher than the P/S ratio of 91.51% of US stocks. A sell signal was issued from a pivot top point on Friday, April 14, 2023, and so far it has fallen -4.34%. With The Founder OF XPO Logistics Leading The Way This Nasdaq Company is Ready and GOING! A higher number means the company has more debt to equity, whereas a lower number means it has less debt to equity. A 'good' number would usually fall within the range of 1.5 to 3. Find the latest Marathon Digital Holdings, Inc. (MARA) stock quote, history, news and other vital information to help you with your stock trading and investing. Shares of MARA stock can be purchased through any online brokerage account. The VGM score is based on the trading styles of Growth, VAlue, and Momentum. Analysts are predicting Marathon Digital to surge as high as $20 per share this year, up +185% from its current share price of $7.03. On Monday, 17th Apr 2023, the stock price of Marathon Patent fell -4.34%, from $11.97 to $11.45. Visit Performance Disclosure for information about the performance numbers displayed above. But, typically, an aggressive growth trader will be interested in the higher growth rates. Share your opinion and gain insight from other stock traders and investors. Like the earnings yield, which shows the anticipated yield (or return) on a stock based on the earnings and the price paid, the cash yield does the same, but with cash being the numerator instead of earnings. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. On the last day, trading volume decreased -25 million shares, with a total of 29 million shares traded for a total of $332.92 million. Since there is a fair amount of discretion in what's included and not included in the 'ITDA' portion of this calculation, it is considered a non-GAAP metric. During the last day, the stock moved $0.720 between high and low, or 6.59%. Leo Sun | Sep 12, 2022 This pure-play Bitcoin miner is still a volatile investment. MARA Stock Price - Marathon Digital Holdings, Inc. is a digital asset technology company, which engages in mining cryptocurrencies with a focus on the blockchain ecosystem and the generation of digital assets. The 4 week price change is a good reference point for the individual stock and how it's performed in relation to its peers. Others look for those that have lagged the market, believing those are the ones ripe for the biggest increases to come. 9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Marathon Digital in the last year. ETFs with the largest weight of Marathon Digital (NASDAQ:MARA) stock in their portfolio include First Trust SkyBridge Crypto Industry and Digital Economy ETF (CRPT), VanEck Digital Assets Mining ETF (DAM), Schwab Crypto Thematic ETF (STCE), Fidelity Crypto Industry and Digital Payments ETF (FDIG), Valkyrie Bitcoin Miners ETF (WGMI), AdvisorShares Sabretooth ETF (BKCH), VanEck Digital Transformation ETF (DAPP) and Invesco Alerian Galaxy Crypto Economy ETF (SATO). Is Marathon Digital Holdings Stock a Buy Now? (Book value is defined as total assets minus liabilities, preferred stocks, and intangible assets.) This is also commonly referred to as the Asset Utilization ratio. Some investors seek out stocks with the best percentage price change over the last 52 weeks, expecting that momentum to continue. Source: biggunsband / Shutterstock.com Marathon now is a cryptocurrency miner, with an emphasis on Bitcoin (CCC: BTC ). If, on the other hand, it went from $1.00 to 90 cents, that would be a -10% change in the consensus estimate revision. Learn more on MARA's analyst rating history. Benzinga explains whether you should buy Marathon Digital Holdings (NASDAQ: MARA) stock or not, reviewing the company, the stock's performance, technical indicators and more. View our MARA earnings forecast. What is Marathon Digital's stock price forecast for 2023? Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. Like we said, the boom is accelerating and the time to buy EV-related tech stocks is now. The chief executive officer is Fred Thiel, who replaced Merrick Okamoto as the CEO and Chairman of the Board. A breakdown below any of these levels will issue sell signals. Should I buy or sell Marathon Patent Stock? It measures a company's ability to pay short-term obligations. Marathon successfully built a new mining facility in Hardin, Montana, which led to an increase in its hash rate from 0.2 EH/s in January 2021 to 3.5 EH/s in December 2021.. Analyzing The MARA Stock Price. Debt to Capital (or D/C ratio) is the fraction of debt (including mortgages and long-term leases) to long-term capitalization. Marathon Digital Holdings' (NASDAQ: MARA) stock plunged 27% on Nov. 15 after the Bitcoin (CRYPTO: BTC) mining company made two surprising announcements. This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. Users should not base their investment decision upon StockInvest.us. Advanced Chart > 1d 5d 3m 6m YTD 1y 3y 5y. Marathon Digital Holdings, Inc. (MARA) Shareholder Alert: Robbins LLP Reminds Investors of Class Action Against Marathon Digital Holdings, Inc. Marathon Digital Holdings, Inc. (NASDAQ:MARA) Expected to Post Q1 2023 Earnings of ($0.10) Per Share, Unusual Call Option Trade in Marathon Digital Holdings (MARA) Worth $280.50K, Marathon Digital Holdings Unusual Options Activity For April 05, view top-rated stocks among Wall Street analysts, First Trust SkyBridge Crypto Industry and Digital Economy ETF (CRPT), Fidelity Crypto Industry and Digital Payments ETF (FDIG), Invesco Alerian Galaxy Crypto Economy ETF (SATO), 1180 North Town Center Drive Suite 100, LAS VEGAS NV, 89144. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. The median P/B ratio for stocks in the S&P is just over 3. Their MARA share price forecasts range from $4.00 to $20.00. The Value Scorecard table also displays the values for its respective Industry along with the values and Value Score of its three closest peers. We use cookies to understand how you use our site and to improve your experience. This is a medium-term price change metric (like the 4 week price change). Ashu Swami brings Marathon deep technical, regulatory and market expertise. The monthly returns are then compounded to arrive at the annual return. ROE is always expressed as a percentage. The chart below shows how a company's ratings by analysts have changed over time. Wall Street analysts also predicted that in 2024, the companys y-o-y revenues would reach $395.81 million, representing an increase of 236.10% from the revenues reported in the last years results. Traditionally, investors would look at the stock with the lower P/E and deem it a bargain. Above 1 means it assets are greater than its liabilities. Is Ollies Bargain Outlets A Value Or A Trap? The Value Scorecard identifies the stocks most likely to outperform based on its valuation metrics. Many other growth items are considered as well. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. Marathon Digital's mailing address is 1180 North Town Center Drive Suite 100, LAS VEGAS NV, 89144. About Marathon Digital Holdings (MARA) Marathon Digital Holdings, Inc. is a digital asset technology company, which engages in mining cryptocurrencies with a focus on the blockchain ecosystem and the generation of digital assets. MARA Stock 12 Months Forecast $10.00 (-12.43% Downside) Based on 4 Wall Street analysts offering 12 month price targets for Marathon Digital Holdings in the last 3 months. View institutional ownership trends. Zacks' proprietary data indicates that Marathon Digital Holdings, Inc. is currently rated as a Zacks Rank 3 and we are expecting an inline return from the MARA shares relative to the market in the next few months. There are currently 5 hold ratings and 4 buy ratings for the stock. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. Cash Flow is net income plus depreciation and other non-cash charges. With 12 weeks representing a meaningful part of a year, this time period will show whether a stock has been enjoying strong investor demand, or if it's in consolidation, or distress. Does Gold Fields Limited (NYSE: GFI) Still Need To Convince Analysts? On the whole, MARA has fluctuated by 61.57% over the past month. Furthermore, Marathon Digital Holdings Inc. (MARA)s beta value is 5.00, and its average true range (ATR) is 0.98. Value Style - Learn more about the Value Style. In general, a lower number or multiple is usually considered better that a higher one. While the F1 consensus estimate and revision is a key driver of stock prices, the Q1 consensus is an important item as well, especially over the short-term, and particularly as a stock approaches its earnings date. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.48% per year. Learn more on how MARA compares to other companies. The stock is rated as a Hold by 3 analyst(s), 3 recommend it as a Buy and 0 called the MARA stock Overweight. are strong. Cash Flow is a measurement of a company's health. The tested combination of price performance, and earnings momentum (both actual and estimate revisions), creates a powerful timeliness indicator to help you identify stocks on the move so you know when to get in and when to get out. 4,761 Followers. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Shares of cryptocurrency miner Marathon Digital Holdings ( MARA -8.39%) had sunk more than 20% by late afternoon on Monday, erasing nearly all the gains it had seen since the beginning of the . The company has recently invested in new mining equipment, which is expected to increase its mining capacity significantly. The business services provider earns $-686,740,000.00 in net income (profit) each year or ($5.67) on an earnings per share basis. The average twelve-month price prediction for Marathon Digital is $12.33 with a high price target of $21.00 and a low price target of $4.00. Net Margin is defined as net income divided by sales. The average Marathon Digital Holdings price target is $17.33, implying 73.65% upside potential. Beta is a measure of a share's volatility in relation to the market. (0.61%) than the support at $10.23 MARA Stock Summary. The average stock price target of $10 suggests that the . All rights reserved. If you wish to go to ZacksTrade, click OK. So, when comparing one stock to another in a different industry, it's best make relative comparisons to that stock's respective industry values. . Marathon Digital Holdings Inc, also known as Marathon Patent Group, is a digital asset technology company based in Las Vegas, Nevada. The business services provider earned $51.71 million during the quarter, compared to the consensus estimate of $75.05 million. Since then, MARA stock has increased by 234.8% and is now trading at $11.45. Additionally, analysts median price of $10.00 is likely to be welcomed by investors because it represents an increase of 13.19% from the current levels. View which stocks are hot on social media with MarketBeat's trending stocks report. It focuses on increasing its Bitcoin mining hash rate and infrastructure capacity with high . The X Industry (aka Expanded Industry) is a subset of the M (Medium Sized) Industry, which is a subset of the larger Sector category, which is used to classify all of the stocks in the Zacks Universe. Get actionable alerts from top Wall Street Analysts. The industry is subject to intense competition, and Marathon Digital Holdings must continue to innovate and stay ahead of its competitors. Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F. As an investor, you want to buy stocks with the highest probability of success. If Marathon Patent Group takes out the full calculated possible swing range there will be an estimated 17.53% move between the lowest and the highest trading price during the day. Growth traders and investors will tend to look for growth rates of 20% or higher. All of those stocks are classified into three groups: Sector, M Industry and X Industry. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. Another challenge for Marathon Digital Holdings is the reliance on the Bitcoin mining industry. Learn more on MARA's analyst rating history. Analysts are projecting the companys earnings per share (EPS) to be -$0.05, which is expected to increase to $0.07 for fiscal year $0.19 and then to about $0.6 by fiscal year 2024. A break-up at the top trend line at $12.00 will firstly indicate a stronger rate of rising. MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Enterprise software stocks are also on watch. Please read the full disclaimer here. In 2020 Marathon Patent Group changed its name to Marathon Digital Holdings Inc.It partnered with the Hardin Generating Station Montana coal plant to power the adjacently constructed Marathon bitcoin mining center. Sign-up to receive the latest news and ratings for MARA and its competitors with MarketBeat's FREE daily newsletter. Based on aggregate information from My MarketBeat watchlists, some companies that other Marathon Digital investors own include Sierra Wireless (SWIR), Riot Platforms (RIOT), Sorrento Therapeutics (SRNE), Advanced Micro Devices (AMD), Biocept (BIOC), Bausch Health Companies (BHC), Micron Technology (MU), Tesla (TSLA), Alibaba Group (BABA) and iBio (IBIO). Your email address will not be published. The company's leadership team comprises experienced professionals with finance, law and technology backgrounds. What is the symbol for Marathon Patent Stock and on which exchange is it traded? Check out our MARA stock analysis, current MARA quote, charts, and historical prices for Marathon Digital Hldgs Inc stock . This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". Real time prices by BATS. A stock with a P/E ratio of 20, for example, is said to be trading at 20 times its annual earnings. Marathon Digital's stock is owned by many different institutional and retail investors. Real-time analyst ratings, insider transactions, earnings data, and more. ZacksTrade and Zacks.com are separate companies. publish chart | save to portfolio | create alert | compare perf. Investors like this metric as it shows how a company finances its operations, i.e., what percentage is financed thru shareholder equity or debt. Identify stocks that meet your criteria using seven unique stock screeners. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. According to the average forecast, sales growth in current quarter could jump down -5.30%, compared to the corresponding quarter of last year. Data on historical trading for Marathon Digital Holdings Inc. (NASDAQ:MARA) indicates that the trading volumes over the past 10 days have averaged 33.97 million and over the past 3 months, theyve averaged 36.14 million. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Ashu Swami joins Marathon Digital Holdings from his previous employer Core Scientific, where he served as the chief product officer, leading the company's foray into DeFi and heading mining hardware and software optimization. Marathon Digital Holdings has experienced growth issues since its inception, with the stock price dropping from its IPO price of $100 to around $8. liable for your own investment decisions and agree to the (844) 978-6257. On the downside, the stock finds support just below today's level from accumulated volume at $10.23 and $9.00. The company. For example, a P/S ratio of 0.5 means you're paying 50 cents for every $1 of sales the company makes. Seeing a company's projected sales growth instantly tells you what the outlook is for their products and services. StockInvest.us is a research service that provides financial data and technical analysis of publicly traded stocks. About Marathon Digital Holdings, Inc. 1180 NORTH TOWN CENTER DRIVE SUITE 100, LAS VEGAS, Nevada, 89144, United States +1 702 945-2773 https://www.marathonpg.com. View which stocks are hot on social media with MarketBeat's trending stocks report. I am of the opinion that buying cryptocurrencies directly is preferred to investing in listed crypto miners, assuming one has a favorable . Return on Equity (or ROE) is calculated as income divided by average shareholder equity (past 12 months, including reinvested earnings). MARA stock is a Hold. You may use StockInvest.us and the contents contained in StockInvest.us solely for your own individual non-commercial and informational purposes only. The Marathon Patent stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. 52-Week Range $3.11 - $22.09. Any other use, including for any commercial purposes, is strictly prohibited without our express prior written consent. This is also useful to know when comparing a stock's daily volume (which can be found on a ticker's hover-quote) to that of its average volume. While earnings are the driving metric behind stock prices, there wouldn't be any earnings to calculate if there weren't any sales to begin with. American Consumer News, LLC dba MarketBeat 2010-2023. Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank. Marathon Digital Holdings Inc ( MARA) has fallen Monday morning, with the stock losing -4.59% in pre-market trading to 11.42. Momentum Style - Learn more about the Momentum Style. Year-over-year quarterly sales growth most recently was -58.8%. StockInvest.us provides daily technical stock analysis commentaries and Marathon Digital Holdings is a digital asset technology company which mines cryptocurrencies, with a focus on the blockchain ecosystem and the generation of digital assets . The company was founded on February 23, 2010 and is headquartered in Las Vegas, NV. The respective items are ranked and graded into five groups: A, B, C, D and F. An A is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F. As an investor, you want to buy stocks with the highest probability of success. Portfolio. Export data to Excel for your own analysis. However, medium term indicators have put the stock in the category of Hold while long term indicators on average have been pointing out that it is a 50% Buy. How much institutional buying is happening at Marathon Digital? This measure is expressed as a percentage. Does Marathon Digital's stock price have much upside? Get 30 Days of MarketBeat All Access Free, By creating a free account, you agree to our, 3 Dividend Stocks with a Yield Above 5% That Are on Sale Now, Charles Schwab's Recovery Just Shifted Gears, Digital Realty Offers Growth and Income with a Wide Moat, These 2 Fabless Chip Stocks Are Among The Market's Top Performers, Why State Street Stock Is Sliding After Announcing Earnings, The Top 2 Chip Stocks Going Into Earnings Season, Here are 2 Top Drug Makers Leading the Way in Weight Loss Drugs, Why Restaurant Stocks are the Stocks to Buy Right Now, How MarketBeat Calculates Price Target and Consensus Rating, Average Share Price and Price Target by Month Chart Description, Subscribe to MarketBeat All Access for the recommendation accuracy rating. See rankings and related performance below. In contrast, the net income that goes into the earnings portion of the P/E ratio does not add these in, thus artificially reducing the income and skewing the P/E ratio. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. The (F1) EPS Estimate Quarterly Change calculates the percentage change in the consensus earnings estimate for the current year (F1) over the last 12 weeks. In this example, we are using the consensus earnings estimate for the Current Fiscal Year (F1). Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. It currently has a Growth Score of F. Recent price changes and earnings estimate revisions indicate this would not be a good stock for momentum investors with a Momentum Score of F. The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports. Trading volume has been higher than industry peers averaging around 31 million daily shares. For example, a company with a P/E ratio of 25 and a growth rate of 20% would have a PEG ratio of 1.25 (25 / 20 = 1.25). Amyris May be Oversold, but is it Worth Fighting the Shorts? Marathon Digital has been rated by B. Riley, Chardan Capital, and Compass Point in the past 90 days. Terms of Use and Privacy Policy. Can Garrett Motion Turbocharge A Short Squeeze? Get daily stock ideas from top-performing Wall Street analysts. But, it's made even more meaningful when looking at the longer-term 4 week percent change.
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