Marathon Patent Group Inc. [MARA] Stock trading around $13.97 per share: What’s Next?

Marathon Patent Group Inc. [NASDAQ: MARA] price surged by 21.48 percent to reach at $2.47. The company report on December 9, 2020 that Marathon Patent Group Purchases an Additional 10,000 S-19j Pro ASIC Miners from Bitmain and Announces Plans to Open a Second Data Center.

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Upon Delivery and Full Deployment, the Company’s Mining Operations Will Include 33,560 State of the Art ASIC Miners, with a Total Hashrate of 3.56 EH/s.

Marathon Patent Group, Inc. (NASDAQ:MARA) (“Marathon” or the “Company”), one of the largest enterprise Bitcoin self-mining companies in North America, has entered into a contract with Bitmain to purchase 10,000 Antminer S-19j Pro ASIC Miners.

A sum of 55285177 shares traded at recent session while its average daily volume was at 19.81M shares. Marathon Patent Group Inc. shares reached a high of $14.08 and dropped to a low of $12.23 until finishing in the latest session at $13.97.

The one-year MARA stock forecast points to a potential downside of -55.22.

Guru’s Opinion on Marathon Patent Group Inc. [MARA]:

H.C. Wainwright have made an estimate for Marathon Patent Group Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on November 23, 2020. While these analysts kept the previous recommendation, Northland Capital raised their target price from $11 to $8. The new note on the price target was released on August 18, 2015, representing the official price target for Marathon Patent Group Inc. stock. Previously, the target price had yet another drop from $12 to $9, while ROTH Capital kept a Buy rating on MARA stock.

The Average True Range (ATR) for Marathon Patent Group Inc. is set at 1.26, with the Price to Sales ratio for MARA stock in the period of the last 12 months amounting to 373.98. The Price to Book ratio for the last quarter was 12.15, with the Price to Cash per share for the same quarter was set at 0.33.

MARA Stock Performance Analysis:

Marathon Patent Group Inc. [MARA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 97.60. With this latest performance, MARA shares gained by 312.09% in over the last four-week period, additionally plugging by 1325.36% over the last 6 months – not to mention a rise of 1372.70% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MARA stock in for the last two-week period is set at 85.94, with the RSI for the last a single of trading hit 89.49, and the three-weeks RSI is set at 83.26 for Marathon Patent Group Inc. [MARA]. The present Moving Average for the last 50 days of trading for this stock 4.24, while it was recorded at 10.50 for the last single week of trading, and 2.09 for the last 200 days.

Insight into Marathon Patent Group Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Marathon Patent Group Inc. [MARA] shares currently have an operating margin of -319.88 and a Gross Margin at -233.91. Marathon Patent Group Inc.’s Net Margin is presently recorded at -296.74.

Return on Total Capital for MARA is now -86.41, given the latest momentum, and Return on Invested Capital for the company is -91.49. Return on Equity for this stock declined to -107.09, with Return on Assets sitting at -59.54. When it comes to the capital structure of this company, Marathon Patent Group Inc. [MARA] has a Total Debt to Total Equity ratio set at 33.10. Additionally, MARA Total Debt to Total Capital is recorded at 24.87, with Total Debt to Total Assets ending up at 18.24. Long-Term Debt to Equity for the company is recorded at 30.69, with the Long-Term Debt to Total Capital now at 23.06.

Reflecting on the efficiency of the workforce at the company, Marathon Patent Group Inc. [MARA] managed to generate an average of -$1,172,355 per employee.Marathon Patent Group Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 27.80 and a Current Ratio set at 27.80.

MARA Stock EPS

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for MARA. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Marathon Patent Group Inc. go to 50.00%.

Marathon Patent Group Inc. [MARA] Insider Position Details

There are presently around $35 million, or 5.40% of MARA stock, in the hands of institutional investors. The top three institutional holders of MARA stocks are: SUSQUEHANNA INTERNATIONAL GROUP, LLP with ownership of 771,520, which is approximately 918.898% of the company’s market cap and around 1.90% of the total institutional ownership; BANK OF AMERICA CORP /DE/, holding 434,492 shares of the stock with an approximate value of $5.0 million in MARA stocks shares; and CSAT INVESTMENT ADVISORY, L.P., currently with $2.85 million in MARA stock with ownership of nearly New of the company’s market capitalization.

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Positions in Marathon Patent Group Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 23 institutional holders increased their position in Marathon Patent Group Inc. [NASDAQ:MARA] by around 2,089,458 shares. Additionally, 3 investors decreased positions by around 296,863 shares, while 6 investors held positions by with 151,030 shares. The mentioned changes placed institutional holdings at 2,537,351 shares, according to the latest SEC report filing. MARA stock had 13 new institutional investments in for a total of 849,944 shares, while 1 institutional investors sold positions of 161,900 shares during the same period.

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