Growth Style - Learn more about the Growth Style. This is a medium-term price change metric. What is the market capitalization of Marathon Patent Stock? Get short term trading ideas from the MarketBeat Idea Engine. A breakdown below any of these levels will issue sell signals. The stock posted big gains Thursday. It's typically categorized as a valuation metric and is most often quoted as Cash Flow per Share and as a Price to Cash flow ratio. What is the Price Target for MARA Stock? The company's leadership team comprises experienced professionals with finance, law and technology backgrounds. Marathon Digital Holdings Inc, also known as Marathon Patent Group, is a digital asset technology company based in Las Vegas, Nevada. Zacks Ranks stocks can, and often do, change throughout the month. 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. Furthermore, Marathon Digital Holdings Inc. (MARA)s beta value is 5.00, and its average true range (ATR) is 0.98. 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. MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. The regulatory environment surrounding blockchain technology is still determined, and regulation changes could affect the company's operations. Marathon Digital Holdings Inc's trailing 12-month revenue is $117.8 million with a -583.2% profit margin. Sign-up to receive the latest news and ratings for MARA and its competitors with MarketBeat's FREE daily newsletter. The most common way this ratio is used is to compare it to other stocks and to compare it to the 10 Year T-Bill. The Earnings Yield (also known as the E/P ratio) measures the anticipated yield (or return) an investment in a stock could give you based on the earnings and the price paid. Like we said, the boom is accelerating and the time to buy EV-related tech stocks is now. Wall Street's Strong Buy consensus rating for Marathon Digital stock is based on three Buys and one Hold. The 4 week price change is a good reference point for the individual stock and how it's performed in relation to its peers. So it's a good idea to compare a stock's debt to equity ratio to its industry to see how it stacks up to its peers first. 9 Wall Street research analysts have issued twelve-month target prices for Marathon Digital's shares. The business services provider earned $51.71 million during the quarter, compared to the consensus estimate of $75.05 million. Once again, cash flow is net income plus depreciation and other non-cash charges. See what's happening in the market right now with MarketBeat's real-time news feed. Traditionally, investors would look at the stock with the lower P/E and deem it a bargain. Leo Sun | Sep 12, 2022 This pure-play Bitcoin miner is still a volatile investment. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Marathon Digital (NASDAQ: MARA) stock has been among the best performing stocks in the last year. 326 E 8th St #105, Sioux Falls, SD 57103 When evaluating a stock, it can be useful to compare it to its industry as a point of reference. The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023. Marathon Digital Holdings trades at a price-to-earnings ratio higher than the industry average, and the company's price-to-book ratio is more than twice the industry average. Company Summary. Marathon Digital Holdings' (NASDAQ: MARA) stock plunged 27% on Nov. 15 after the Bitcoin (CRYPTO: BTC) mining company made two surprising announcements. All rights reserved. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. technical signals. For example, a P/S ratio of 0.5 means you're paying 50 cents for every $1 of sales the company makes. According a new report published by BloombergNEF on investment in the energy transition, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before. Less than 1 means its liabilities exceed its short-term assets (cash, inventory, receivables, etc.). to move between $10.45 and $12.45, With The Founder OF XPO Logistics Leading The Way This Nasdaq Company is Ready and GOING! A ratio under 40% is generally considered to be good.But note; this ratio can vary widely from industry to industry. 3 Stocks to Buy for a Massive Short . Real-time analyst ratings, insider transactions, earnings data, and more. The companys stock has been forecasted to trade at an average price of $11.60 over the course of the next 52 weeks, with a low of $5.00 and a high of $20.00. For the last week, the stock has had daily average volatility of 11.02%. The Price to Earnings ratio or P/E is price divided by earnings. A P/B of 1 means it's selling at its per share book value. In the Capital Markets industry, which ranks 67 . The median P/B ratio for stocks in the S&P is just over 3. On the whole, MARA has fluctuated by 61.57% over the past month. The RSI14 is 77 and this increases the risk substantially. In-depth profiles and analysis for 20,000 public companies. $10.86 Another challenge for Marathon Digital Holdings is the reliance on the Bitcoin mining industry. Enterprise software stocks are also on watch. de C.V. (NYSE: CX) Jumps 0.59%, Turning Investors Away. (Book value is defined as total assets minus liabilities, preferred stocks, and intangible assets.) The Price to Book ratio or P/B is calculated as market capitalization divided by its book value. Follow. (0.01%) and Allspring Global Investments Holdings LLC (0.01%). It focuses on increasing its Bitcoin mining hash rate and infrastructure capacity with high . Cash Flow is a measurement of a company's health. 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. The company was formerly known as Marathon Patent Group and was a patent-holding company that held patents but did not produce products, instead operating as a patent trolling company that purchases patents and then takes legal action against patent infringers. The Marathon Patent stock is overbought on RSI14 and lies in the upper part of the trend. A P/B of 0.5 means its selling at half its book value. 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. On average, they predict the company's share price to reach $12.33 in the next twelve months. This longer-term historical perspective lets the user see how a company has grown over time. (844) 978-6257. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. We see that MARAs technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. The Stock That Is Flying Under Wall St. Radar (Ad). A popular way to gauge a stock's volatility is its "beta". Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). The market (NASDAQ average) beta is 1, while Marathon Digital's is 5.0565. 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. In December 2020, Marathon Digital Holdings completed a public offering of common stock, raising $250 million in net proceeds. Above 1 means it assets are greater than its liabilities. This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. Can Garrett Motion Turbocharge A Short Squeeze? Macau Casinos Are Hot: Is MGM Resorts The Play? Get the latest Marathon Digital Holdings, Inc MARA detailed stock quotes, stock data, Real-Time ECN, charts, stats and more. Unusual Put Option Trade in Marathon Digital Holdings (MARA) Worth $89.09K, This Boston Marathon runner creates art with his feet, Flight to Safety Driving Bitcoin: Marathon Digital CEO, Marathon Digital Vaults Higher as Bitcoin Recovers, Marathon Digital Holdings, Inc. (NASDAQ:MARA) to Post FY2026 Earnings of ($0.25) Per Share, Jefferies Financial Group Forecasts. Mentioned in this article. Compare Top Brokerages Here. 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. This time period essentially shows you how the consensus estimate has changed from the time of their last earnings report. 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. The company's gross profit margins have improved over time, but the company's blended profit margin since the IPO is about -180%. The stock is rated as a Hold by 3 analyst(s), 3 recommend it as a Buy and 0 called the MARA stock Overweight. A break-up at the top trend line at $12.00 will firstly indicate a stronger rate of rising. 52-Week Range $3.11 - $22.09. 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. Marathon Digital's stock is owned by many different institutional and retail investors. ROE values, like other values, can vary significantly from one industry to another. The longer-term perspective helps smooth out short-term events. Data indicates that the EPS growth is expected to be 106.10% in 2024, while the next years EPS growth is forecast to be 215.80%. The Momentum Scorecard table also displays the values for its respective Industry along with the values and Momentum Score of its three closest peers. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. Earnings estimate revisions are the most important factor influencing stocks prices. Historical EPS Growth Rate looks at the average annual (trailing 12 months) EPS growth rate over the last 3-5 years of actual earnings. Can Garrett Motion Turbocharge A Short Squeeze? The 52 Week Price Change displays the percentage price change over the most recently completed 52 weeks (260 trading days). 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. Marathon Digital trades on the NASDAQ under the ticker symbol "MARA.". Cash flow itself is an important item on the income statement. Thus, investors eager to increase their holdings of the companys stock will have an opportunity to do so as the average rating for the stock is Overweight. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. Seeing how a company makes use of its equity, and the return generated on it, is an important measure to look at. Like many of its peers, Marathon's stock price has been closely tied to bitcoin prices. contact@marketbeat.com Please log in to your account or sign up in order to add this asset to your watchlist. The Stock That Is Flying Under Wall St. Radar (Ad). 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