Marathon Digital Holdings Inc. [MARA] fell -74.10% so far this year. What now?


Marathon Digital Holdings Inc. [NASDAQ: MARA] traded at a high on 07/08/22, posting a 21.40 gain after which it closed the day’ session at $8.51. The company report on July 7, 2022 that Marathon Digital Holdings Announces Bitcoin Production and Mining Operation Updates for June 2022.

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Figure 1.

– Company Produces 707 BTC in Q2 2022, up 8% Year-Over-Year from Q2 2021- Company Now Holds 10,055 BTC Directly After Eliminating Investment Fund Structure- Cash on Hand Was $88.7 Million, and Total Available Liquidity Was $153.7 Million at June 30.

The results of the trading session contributed to over 48880209 shares changing hands. Over the past one week, the price volatility of Marathon Digital Holdings Inc. stands at 18.43% while the volatility over the past one month is 11.93%.

The market cap for MARA stock reached $745.22 million, with 103.10 million shares outstanding and 96.85 million shares in the current float. Compared to the average trading volume of 11.98M shares, MARA reached a trading volume of 48880209 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 $20.87 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 1.60. 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.

Cowen have made an estimate for Marathon Digital Holdings Inc. shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on June 24, 2022. While these analysts kept the previous recommendation, B. Riley Securities raised their target price from $34 to $9. The new note on the price target was released on June 23, 2022, representing the official price target for Marathon Digital Holdings Inc. stock. Previously, the target price had yet another raise to $19, while Chardan Capital Markets analysts kept a Buy rating on MARA stock.

The Average True Range (ATR) for Marathon Digital Holdings Inc. is set at 0.88, with the Price to Sales ratio for MARA stock in the period of the last 12 months amounting to 3.86. The Price to Book ratio for the last quarter was 1.13, with the Price to Cash per share for the same quarter was set at 5.39.

How has MARA stock performed recently?

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 59.36. With this latest performance, MARA shares dropped by -2.07% in over the last four-week period, additionally sinking by -71.27% over the last 6 months – not to mention a drop of -69.38% 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 54.63, with the RSI for the last a single of trading hit 65.00, and the three-weeks RSI is set at 47.50 for Marathon Digital Holdings Inc. [MARA]. The present Moving Average for the last 50 days of trading for this stock 9.70, while it was recorded at 6.56 for the last single week of trading, and 28.88 for the last 200 days.

Marathon Digital Holdings Inc. [MARA]: Deeper insight into the 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 -36.91 and a Gross Margin at -31.58. Marathon Digital Holdings Inc.’s Net Margin is presently recorded at -24.04.

Return on Equity for this stock declined to -7.27, with Return on Assets sitting at -4.11.

Marathon Digital Holdings Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 40.00 and a Current Ratio set at 40.00.

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 $346 million, or 39.10% of MARA stock, in the hands of institutional investors. The top three institutional holders of MARA stocks are: VANGUARD GROUP INC with ownership of 9,260,949, which is approximately 0.06% of the company’s market cap and around 0.80% of the total institutional ownership; BLACKROCK INC., holding 6,661,250 shares of the stock with an approximate value of $56.69 million in MARA stocks shares; and STATE STREET CORP, currently with $18.87 million in MARA stock with ownership of nearly 6.819% of the company’s market capitalization.

Positions in Marathon Digital Holdings Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 137 institutional holders increased their position in Marathon Digital Holdings Inc. [NASDAQ:MARA] by around 6,562,046 shares. Additionally, 99 investors decreased positions by around 6,360,237 shares, while 33 investors held positions by with 27,744,655 shares. The mentioned changes placed institutional holdings at 40,666,938 shares, according to the latest SEC report filing. MARA stock had 47 new institutional investments in for a total of 1,664,861 shares, while 43 institutional investors sold positions of 1,474,447 shares during the same period.