Market cap of Marathon Digital Holdings Inc. [MARA] reaches 3.01B – now what?

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Marathon Digital Holdings Inc. [NASDAQ: MARA] price plunged by -2.76 percent to reach at -$0.81. The company report on January 3, 2022 that Marathon Digital Holdings Announces Bitcoin Production and Mining Operation Updates for December 2021.

Annual Bitcoin Production Increases 846% Year-over-Year to 3,197 BTC in 2021.


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Monthly Bitcoin Production Increases 147% Month-over-Month to a Record 484.5 BTC as Total Bitcoin Holdings Increase to 8,133 BTC.

A sum of 9097706 shares traded at recent session while its average daily volume was at 13.33M shares. Marathon Digital Holdings Inc. shares reached a high of $29.41 and dropped to a low of $27.20 until finishing in the latest session at $28.49.

The one-year MARA stock forecast points to a potential upside of 55.23. The average equity rating for MARA stock is currently 1.70, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on Marathon Digital Holdings Inc. [MARA]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MARA shares is $63.63 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MARA stock is a recommendation set at 1.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

DA Davidson have made an estimate for Marathon Digital Holdings Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 15, 2021. While these analysts kept the previous recommendation, Compass Point raised their target price to Buy. The new note on the price target was released on June 21, 2021, representing the official price target for Marathon Digital Holdings Inc. stock. Previously, the target price had yet another raise to $47, while B. Riley Securities analysts kept a Buy rating on MARA stock. On February 08, 2021, analysts increased their price target for MARA shares from 17 to 30.

The Average True Range (ATR) for Marathon Digital Holdings Inc. is set at 3.90, with the Price to Sales ratio for MARA stock in the period of the last 12 months amounting to 32.40. The Price to Book ratio for the last quarter was 4.35, with the Price to Cash per share for the same quarter was set at 2.90.

MARA Stock Performance Analysis:

Marathon Digital Holdings Inc. [MARA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -13.30. With this latest performance, MARA shares dropped by -38.92% in over the last four-week period, additionally plugging by 4.09% over the last 6 months – not to mention a rise of 7.96% 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 32.87, with the RSI for the last a single of trading hit 28.46, and the three-weeks RSI is set at 36.52 for Marathon Digital Holdings Inc. [MARA]. The present Moving Average for the last 50 days of trading for this stock 47.19, while it was recorded at 30.89 for the last single week of trading, and 37.31 for the last 200 days.

Insight into Marathon Digital Holdings Inc. Fundamentals:

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 141.30 and a Current Ratio set at 141.30.

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 Digital Holdings Inc. go to 50.00%.

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Marathon Digital Holdings Inc. [MARA] Insider Position Details

There are presently around $1,068 million, or 37.90% of MARA stock, in the hands of institutional investors. The top three institutional holders of MARA stocks are: VANGUARD GROUP INC with ownership of 9,030,103, which is approximately 0.16% of the company’s market cap and around 5.60% of the total institutional ownership; BLACKROCK INC., holding 6,469,493 shares of the stock with an approximate value of $184.32 million in MARA stocks shares; and SUSQUEHANNA INTERNATIONAL GROUP, LLP, currently with $67.33 million in MARA stock with ownership of nearly 5.558% of the company’s market capitalization.

Positions in Marathon Digital Holdings Inc. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 132 institutional holders increased their position in Marathon Digital Holdings Inc. [NASDAQ:MARA] by around 6,419,021 shares. Additionally, 74 investors decreased positions by around 4,168,058 shares, while 29 investors held positions by with 26,914,837 shares. The mentioned changes placed institutional holdings at 37,501,916 shares, according to the latest SEC report filing. MARA stock had 54 new institutional investments in for a total of 1,936,084 shares, while 37 institutional investors sold positions of 1,610,794 shares during the same period.