Company Summary. 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. But when compared to its growth rate, it does't have the earnings growth to justify its P/E. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. But the stock has since pulled back significantly. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. There are 17 Sectors, 60 different M Industries, and 265 X Industries. This decrease in volume is actually a good sign, as it usually follows the stock. Marathon Digital Holdings Inc, also known as Marathon Patent Group, is a digital asset technology company based in Las Vegas, Nevada. 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. Carvana (NYSE:CVNA), an online used car retailer, is one of the most significantly shorted stocks in the market right now. The company is also subject to operational risks, such as cybersecurity threats, equipment failure and electricity and internet connectivity availability. Their MARA share price forecasts range from $4.00 to $21.00. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. are strong. The Current Ratio is defined as current assets divided by current liabilities. Follow. Your email address will not be published. Mentioned in this article. This measure is expressed as a percentage. 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. Our daily ratings and market update email newsletter. The industry is also subject to regulatory and political risks, with many governments worldwide taking different approaches to regulating cryptocurrencies and blockchain technology. Source: biggunsband / Shutterstock.com Marathon now is a cryptocurrency miner, with an emphasis on Bitcoin (CCC: BTC ). Can Garrett Motion Turbocharge A Short Squeeze? Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. financial data for more than 25 000 publicly traded companies based on our calculated The industry is characterized by high competition, with a few dominant players and many smaller firms. But they all have their place in the Growth style. What is Marathon Digital's consensus rating and price target? With The Founder OF XPO Logistics Leading The Way This Nasdaq Company is Ready and GOING! Projected EPS Growth looks at the estimated growth rate for one year. The symbol for Marathon Patent is MARA and it is traded on the NASDAQ (NASDAQ Stock Exchange). Conclusion: Should You Consider MARA Stock? During the last day, the stock moved $0.720 between high and low, or 6.59%. Does Applied Materials Inc. (NASDAQ: AMAT) Still Look Hot This Week? They are also giving the company stock a median of $12 per share (+70.7%) and a low of $4 for the next 12 months. A value under 20 is generally considered good. 9 Wall Street research analysts have issued twelve-month target prices for Marathon Digital's shares. Buying MARA stock today gets you into the cryptocurrency market. A P/B of 2 means it's selling at 2 times its book value. Find real-time MARA - Marathon Digital Holdings Inc stock quotes, company profile, . Less than 1 means its liabilities exceed its short-term assets (cash, inventory, receivables, etc.). 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. A correction down in the nearby future seems very likely, and it is of great importance that the stock manages to break the trend before that occurs. The consensus among Wall Street analysts is that investors should "hold" MARA shares. A break-up at the top trend line at $12.00 will firstly indicate a stronger rate of rising. This ratio essentially compares the P/E to its growth rate, thus, for many, telling a more complete story than just the P/E ratio alone. Year-over-year quarterly sales growth most recently was -58.8%. In addition, Marathon Digital Holdings, Inc. has a VGM Score of F (this is a weighted average of the individual Style Scores which allow you to focus on the stocks that best fit your personal trading style). An investor that had 100 shares of stock prior to the reverse split would have 25 shares after the split. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. A higher number means the more debt a company has compared to its capital structure. 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. For example, a regional bank would be classified in the Finance Sector. Zacks Premium - The way to access to the Zacks Rank. Ashu Swami brings Marathon deep technical, regulatory and market expertise. A P/B of 1 means it's selling at its per share book value. A change in margin can reflect either a change in business conditions, or a company's cost controls, or both. ROE values, like other values, can vary significantly from one industry to another. As the name suggests, it's calculated as sales divided by assets. It is the most commonly used metric for determining a company's value relative to its earnings. Receive MARA Stock News and Ratings via Email. Systematic retrieval of data or other content from StockInvest.us, whether to create or compile, post to other websites, directly or indirectly, as text, video or audio, a collection, compilation, database or directory, is prohibited absent our express prior written consent. See what's happening in the market right now with MarketBeat's real-time news feed. When comparing this ratio to different stocks in different industries, take note that some businesses are more capital intensive than others. Like most ratios, this number will vary from industry to industry. In-depth profiles and analysis for 20,000 public companies. 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. Given the current short-term trend, the stock is expected to rise 19.06% during the next 3 months and, with a 90% probability hold a price between $7.28 and $14.29 at the end of this 3-month period. Above 1 means it assets are greater than its liabilities. 52-Week Range $3.11 - $22.09. Turning to Wall Street, MARA is a Moderate Buy based on four Buys and three Hold ratings. The VGM score is based on the trading styles of Growth, VAlue, and Momentum. It's an integral part of the Zacks Rank and a critical part in effective stock evaluation. What is the Price Target for MARA Stock? Today's volume. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MARA, but not buy additional shares or sell existing shares. While our testing has found that a P/S ratio of <2 is the optimum range for returns, be sure to compare this ratio to its respective industry. We see that MARAs technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. IAMGOLD Corporation (NYSE: IAG) Is Up 17.44% Year-To-Date, But Analysts Find Room For A Price Rally. The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. Day's Range $0 - $0. Zacks Ranks stocks can, and often do, change throughout the month. Real-time analyst ratings, insider transactions, earnings data, and more. Another challenge for Marathon Digital Holdings is the reliance on the Bitcoin mining industry. Can Garrett Motion Turbocharge A Short Squeeze? The company's average rating score is 2.44, and is based on 4 buy ratings, 5 hold ratings, and no sell ratings. de C.V. (NYSE: CX) Jumps 0.59%, Turning Investors Away. Historical EPS Growth Rate looks at the average annual (trailing 12 months) EPS growth rate over the last 3-5 years of actual earnings. Marathon Digital Holdings (MARA) Stock Price & Analysis. EBITDA, as the acronym depicts, is earnings before interest, taxes, depreciation and amortization. 3 Crypto Stocks to Buy as Bitcoin Surges Once Again. Marathon Digital does not have a long track record of dividend growth. Why This Bitcoin Mining Stock Is a Bargain Buy RJ Fulton |. The 52 week price change is a good reference point. Marathon Digital has only been the subject of 2 research reports in the past 90 days. See rankings and related performance below. Valuation metrics show that Marathon Digital Holdings, Inc. may be overvalued. This is also commonly referred to as the Asset Utilization ratio. Regardless of the many ways investors use this item, whether looking at a stock's price change, an index's return, or a portfolio manager's performance, this time-frame is a common judging metric in the financial industry. Marathon Digital has a P/B Ratio of 4.32. Value Style - Learn more about the Value Style. How much money does Marathon Digital make? 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. This suggests a possible upside of 2.9% from the stock's current price. If a stock's Q1 estimate revision decreases leading up to its earnings release, that's usually a negative sign, whereas an increase is typically a positive sign. A P/B of 0.5 means its selling at half its book value. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Wall Street's Strong Buy consensus rating for Marathon Digital stock is based on three Buys and one Hold. 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%. According to the issued ratings of 9 analysts in the last year, the consensus rating for Marathon Digital stock is Hold based on the current 5 hold ratings and 4 buy ratings for MARA. When evaluating a stock, it can be useful to compare it to its industry as a point of reference. Thus, investors eager to increase their holdings of the company's stock will have an opportunity to do so as the average rating for the stock is . Value investors will typically look for stocks with P/E ratios under 20, while growth investors and momentum investors are often willing to pay much more. 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. The Price to Sales ratio or P/S is calculated as price divided by sales. This shows the percentage of profit a company earns on its sales. $10.86 In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. Marathon Digital Holdings has experienced growth issues since its inception, with the stock price dropping from its IPO price of $100 to around $8. 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. 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. With the market capitalization of Marathon Digital Holdings Inc. currently standing at about $1.91 billion, investors are eagerly awaiting this quarters results, scheduled for May 02, 2023 May 08, 2023. Is MARA Stock a Buy or Sell? While the one year change shows the current conditions, the longer look-back period shows how this metric has changed over time and helps put the current reading into proper perspective. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data. According to the data, the short interest in Marathon Digital Holdings Inc. (MARA) stood at 27.11% of shares outstanding as of Mar 14, 2023; the number of short shares registered in Feb 14, 2023 reached 45.51 million. The analyzed items go beyond simple trend analysis. All users should speak with their financial advisor before buying or selling any securities. Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Marathon Patent stock to perform well in the short-term. 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. Leo Sun | Sep 12, 2022 This pure-play Bitcoin miner is still a volatile investment. To see all exchange delays and terms of use please see Barchart's disclaimer. American Consumer News, LLC dba MarketBeat 2010-2023. Beta is a measure of a share's volatility in relation to the market. 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. Conversely, if the yield on stocks is higher than the 10 Yr., then stocks would be considered undervalued. In this case, Marathon Patent finds support just below today's level at $10.23. This NASDAQ Stock Has Been On The Move In 2023 And It Looks Like Its Far From Over! This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. Conventional wisdom also has it that if the yield on the stock market (S&P 500 for example) is lower that the yield on the 10 Yr., then stocks would be considered overvalued. 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. The 1-4 reverse split was announced on Friday, October 27th 2017. A ratio of 1 means a company's assets are equal to its liabilities. It's used by investors as a measure of financial health. Is Ollies Bargain Outlets A Value Or A Trap? For one, part of trading is being able to get in and out of a stock easily. Earnings estimate revisions are the most important factor influencing stocks prices. View institutional ownership trends. The average stock price target of $10 suggests that the . MARA stock is a Hold. The Growth Scorecard evaluates sales and earnings growth along with other important growth measures. Real-time analyst ratings, insider transactions, earnings data, and more. The 20 day average establishes this baseline. When is the next earnings date for Marathon Patent? This could raise investors confidence to be optimistic about the MARA stock heading into the next quarter. A rising stock on above average volume is typically a bullish sign whereas a declining stock on above average volume is typically bearish. View analysts price targets for MARA or view top-rated stocks among Wall Street analysts. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. MARA Stock Summary. 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