Marathon Digital Holdings Inc. [NASDAQ: MARA] gained 15.78% or 7.71 points to close at $56.56 with a heavy trading volume of 28831230 shares. The company report on April 5, 2021 that Marathon Digital Holdings Announces Bitcoin Production and Mining Operation Updates for the First Quarter of 2021.
196 Bitcoins Produced During the First Quarter of 2021 Increases Total Bitcoin Holdings to Approximately 5,134.2 BTC.
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Marathon Digital Holdings, Inc. (NASDAQ:MARA) (“Marathon” or “Company”), one of the largest enterprise Bitcoin self-mining companies in North America, published unaudited bitcoin (“BTC”) production and miner installation updates for the first quarter, ended March 31, 2021.
It opened the trading session at $48.89, the shares rose to $57.17 and dropped to $47.40, the range by which the price of stock traded the whole day. The daily chart for MARA points out that the company has recorded 2800.51% gains over the past six months. However, it is still -14784.21% lower than its most recent low trading price.
If we look at the average trading volume of 33.44M shares, MARA reached to a volume of 28831230 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 Digital Holdings Inc. [MARA]:
H.C. Wainwright have made an estimate for Marathon Digital Holdings 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 Digital Holdings 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 Digital Holdings Inc. is set at 5.80, with the Price to Sales ratio for MARA stock in the period of the last 12 months amounting to 1248.56. The Price to Book ratio for the last quarter was 14.88, with the Price to Cash per share for the same quarter was set at 1.48.
Trading performance analysis for MARA stock
Marathon Digital Holdings Inc. [MARA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 56.72. With this latest performance, MARA shares gained by 76.69% in over the last four-week period, additionally plugging by 2800.51% over the last 6 months – not to mention a rise of 12466.10% 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 69.71, with the RSI for the last a single of trading hit 76.56, and the three-weeks RSI is set at 66.25 for Marathon Digital Holdings Inc. [MARA]. The present Moving Average for the last 50 days of trading for this stock 34.52, while it was recorded at 47.14 for the last single week of trading, and 12.18 for the last 200 days.
Marathon Digital Holdings Inc. [MARA]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Marathon Digital Holdings Inc. [MARA] shares currently have an operating margin of -205.67 and a Gross Margin at -169.22. Marathon Digital Holdings Inc.’s Net Margin is presently recorded at -239.77.
Return on Total Capital for MARA is now -5.66, given the latest momentum, and Return on Invested Capital for the company is -6.60. Return on Equity for this stock declined to -6.63, with Return on Assets sitting at -6.53. When it comes to the capital structure of this company, Marathon Digital Holdings Inc. [MARA] has a Total Debt to Total Equity ratio set at 0.06. Additionally, MARA Total Debt to Total Capital is recorded at 0.06, with Total Debt to Total Assets ending up at 0.06. Long-Term Debt to Equity for the company is recorded at 0.02, with the Long-Term Debt to Total Capital now at 0.02.
Reflecting on the efficiency of the workforce at the company, Marathon Digital Holdings Inc. [MARA] managed to generate an average of -$3,482,590 per employee. Receivables Turnover for the company is 0.12 with a Total Asset Turnover recorded at a value of 0.03.Marathon Digital Holdings Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 198.40 and a Current Ratio set at 198.40.
Marathon Digital Holdings 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 Digital Holdings Inc. go to 50.00%.
An analysis of insider ownership at Marathon Digital Holdings Inc. [MARA]
There are presently around $607 million, or 10.90% 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 4.00% of the total institutional ownership; TOROSO INVESTMENTS, LLC, holding 1,271,417 shares of the stock with an approximate value of $71.91 million in MARA stocks shares; and GROUP ONE TRADING, L.P., currently with $68.99 million in MARA stock with ownership of nearly 648.076% of the company’s market capitalization.
Positions in Marathon Digital Holdings Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 62 institutional holders increased their position in Marathon Digital Holdings Inc. [NASDAQ:MARA] by around 9,076,012 shares. Additionally, 14 investors decreased positions by around 888,099 shares, while 2 investors held positions by with 761,028 shares. The mentioned changes placed institutional holdings at 10,725,139 shares, according to the latest SEC report filing. MARA stock had 48 new institutional investments in for a total of 3,092,106 shares, while 10 institutional investors sold positions of 405,701 shares during the same period.