Marathon Digital Holdings Inc. [NASDAQ: MARA] slipped around -2.87 points on Monday, while shares priced at $12.08 at the close of the session, down -19.20%. The company report on May 4, 2022 that Marathon Digital Holdings Reports First Quarter 2022 Results.
Revenue Increases 465% Year-over-Year to $51.7 Million as Bitcoin Production Increases 556% Year-over-Year to 1,259 BTC.
Marathon Digital Holdings, Inc. (NASDAQ:MARA) (“Marathon” or “Company”), one of the largest enterprise Bitcoin self-mining companies in North America, reported its financial and operational results for the quarter ended March 31, 2022.
Marathon Digital Holdings Inc. stock is now -63.24% down from its year-to-date (YTD) trading value. MARA Stock saw the intraday high of $14.03 and lowest of $11.7709 per share. The company’s 52-week high price is 83.45, which means current price is +2.63% above from all time high which was touched on 01/04/22.
Compared to the average trading volume of 11.60M shares, MARA reached a trading volume of 15470129 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about 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 $47.40 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.
Jefferies have made an estimate for Marathon Digital Holdings Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 28, 2022. While these analysts kept the previous recommendation, BTIG Research raised their target price to Buy. The new note on the price target was released on January 18, 2022, representing the official price target for Marathon Digital Holdings Inc. stock. Previously, the target price had yet another raise to $65, while DA Davidson analysts kept a Buy rating on MARA stock.
The Average True Range (ATR) for Marathon Digital Holdings Inc. is set at 1.91, with the Price to Sales ratio for MARA stock in the period of the last 12 months amounting to 7.07. The Price to Book ratio for the last quarter was 1.82, with the Price to Cash per share for the same quarter was set at 5.26.
How has MARA stock performed recently?
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 -27.49. With this latest performance, MARA shares dropped by -49.18% in over the last four-week period, additionally sinking by -81.07% over the last 6 months – not to mention a drop of -56.58% 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 25.70, with the RSI for the last a single of trading hit 20.60, and the three-weeks RSI is set at 30.46 for Marathon Digital Holdings Inc. [MARA]. The present Moving Average for the last 50 days of trading for this stock 23.03, while it was recorded at 15.49 for the last single week of trading, and 34.27 for the last 200 days.
Marathon Digital Holdings Inc. [MARA]: Deeper insight into the fundamentals
Marathon Digital Holdings Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 49.90 and a Current Ratio set at 49.90.
Earnings analysis for Marathon Digital Holdings Inc. [MARA]
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%.
Insider trade positions for Marathon Digital Holdings Inc. [MARA]
There are presently around $502 million, or 40.30% of MARA stock, in the hands of institutional investors. The top three institutional holders of MARA stocks are: VANGUARD GROUP INC with ownership of 9,255,382, which is approximately 2.495% of the company’s market cap and around 5.60% of the total institutional ownership; BLACKROCK INC., holding 6,717,492 shares of the stock with an approximate value of $81.15 million in MARA stocks shares; and SUSQUEHANNA INTERNATIONAL GROUP, LLP, currently with $34.43 million in MARA stock with ownership of nearly 20.595% of the company’s market capitalization.
134 institutional holders increased their position in Marathon Digital Holdings Inc. [NASDAQ:MARA] by around 6,929,172 shares. Additionally, 94 investors decreased positions by around 3,111,167 shares, while 31 investors held positions by with 31,485,700 shares. The mentioned changes placed institutional holdings at 41,526,039 shares, according to the latest SEC report filing. MARA stock had 47 new institutional investments in for a total of 1,465,509 shares, while 40 institutional investors sold positions of 906,766 shares during the same period.