Tuesday, March 9, 2021

For Marathon Patent Group Inc. [MARA], Analyst sees a rise to $30. What next?

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Marathon Patent Group Inc. [NASDAQ: MARA] loss -14.24% on the last trading session, reaching $37.11 price per share at the time. The company report on February 1, 2021 that Bitmain Ships 4,000 Antminer S-19 Pro ASIC Miners to Marathon Patent Group.

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Marathon Patent Group, Inc. (NASDAQ:MARA) (“Marathon” or “Company”), one of the largest enterprise Bitcoin self-mining companies in North America, announced that 4,000 Antminer S-19 Pro ASIC miners have been shipped from Bitmain to Marathon’s mining facility in Hardin, MT as scheduled.


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Marathon’s current mining fleet consists of 2,560 miners, generating 248 PH/s (petahash per second). Each S-19 Pro miner produces 110 TH/s (terahash per second) and adds 0.11 PH/s to the Company’s existing operations. Once the additional 4,000 miners are installed, the Company’s mining fleet will consist of 6,560 miners producing approximately 688 PH/s. This represents a 256% increase of our current Hashrate production. To date, the Company has purchased 103,060 miners, which, once delivered and fully deployed, will produce approximately 10.36 EH/s (exahash per second).

Marathon Patent Group Inc. represents 93.94 million in outstanding shares, while the company has a total market value of $3.30 billion with the latest information. MARA stock price has been found in the range of $36.60 to $41.489.

If compared to the average trading volume of 41.46M shares, MARA reached a trading volume of 20260795 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about 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 February 08, 2021. While these analysts kept the previous recommendation, H.C. Wainwright raised their target price to Buy. The new note on the price target was released on November 23, 2020, representing the official price target for Marathon Patent Group Inc. stock. Previously, the target price had yet another drop from $11 to $8, while Northland Capital kept a Outperform rating on MARA stock. On June 12, 2015, analysts decreased their price target for MARA shares from 12 to 9.

The Average True Range (ATR) for Marathon Patent Group Inc. is set at 4.91, with the Price to Sales ratio for MARA stock in the period of the last 12 months amounting to 1650.28. The Price to Book ratio for the last quarter was 32.27, with the Price to Cash per share for the same quarter was set at 0.20.

Trading performance analysis for MARA stock

Marathon Patent Group Inc. [MARA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.51. With this latest performance, MARA shares gained by 111.33% in over the last four-week period, additionally plugging by 1034.86% over the last 6 months – not to mention a rise of 3502.91% 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 59.16, with the RSI for the last a single of trading hit 55.39, and the three-weeks RSI is set at 61.01 for Marathon Patent Group Inc. [MARA]. The present Moving Average for the last 50 days of trading for this stock 20.68, while it was recorded at 42.56 for the last single week of trading, and 6.76 for the last 200 days.

Marathon Patent Group Inc. [MARA]: A deeper dive into fundamental analysis

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.

Marathon Patent Group Inc. [MARA]: An earnings per share (EPS) analysis

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%.

An analysis of insider ownership at Marathon Patent Group Inc. [MARA]

There are presently around $400 million, or 7.90% 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 3,463,333, which is approximately 348.897% of the company’s market cap and around 0.80% of the total institutional ownership; TOROSO INVESTMENTS, LLC, holding 1,271,417 shares of the stock with an approximate value of $47.18 million in MARA stocks shares; and GROUP ONE TRADING, L.P., currently with $45.27 million in MARA stock with ownership of nearly 648.076% 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 April and at the time of the April reporting period, where 63 institutional holders increased their position in Marathon Patent Group Inc. [NASDAQ:MARA] by around 9,105,066 shares. Additionally, 13 investors decreased positions by around 910,527 shares, while 2 investors held positions by with 766,093 shares. The mentioned changes placed institutional holdings at 10,781,686 shares, according to the latest SEC report filing. MARA stock had 49 new institutional investments in for a total of 3,121,160 shares, while 8 institutional investors sold positions of 349,154 shares during the same period.

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