Marathon Digital Holdings Inc. [NASDAQ: MARA] loss -0.46% or -0.05 points to close at $10.87 with a heavy trading volume of 12734977 shares. The company report on September 19, 2022 that Applied Blockchain Announces Groundbreaking of New 180MW Facility in Ellendale, North Dakota.
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— The Second Facility in the State and Third for the Company Overall, Further Expanding its High-Performance Computing (HPC) Infrastructure.
— Executed Additional 70MW Option with Marathon Digital Holdings (Nasdaq: MARA), Bringing Total Contracted Capacity to 276MW.
It opened the trading session at $10.44, the shares rose to $11.05 and dropped to $10.385, the range by which the price of stock traded the whole day. The daily chart for MARA points out that the company has recorded -61.07% loss over the past six months. However, it is still -109.04% lower than its most recent low trading price.
If we look at the average trading volume of 19.55M shares, MARA reached to a volume of 12734977 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]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MARA shares is $19.26 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 1.90. 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 1.30, with the Price to Sales ratio for MARA stock in the period of the last 12 months amounting to 7.44. The Price to Book ratio for the last quarter was 1.80, with the Price to Cash per share for the same quarter was set at 1.73.
Trading performance analysis for MARA stock
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 -24.67. With this latest performance, MARA shares dropped by -30.28% in over the last four-week period, additionally sinking by -61.07% over the last 6 months – not to mention a drop of -69.67% 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 40.68, with the RSI for the last a single of trading hit 35.48, and the three-weeks RSI is set at 44.01 for Marathon Digital Holdings Inc. [MARA]. The present Moving Average for the last 50 days of trading for this stock 12.65, while it was recorded at 11.86 for the last single week of trading, and 19.55 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 -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 4.00 and a Current Ratio set at 4.00.
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 $495 million, or 40.40% of MARA stock, in the hands of institutional investors. The top three institutional holders of MARA stocks are: VANGUARD GROUP INC with ownership of 9,689,446, which is approximately 4.627% of the company’s market cap and around 0.30% of the total institutional ownership; BLACKROCK INC., holding 7,346,056 shares of the stock with an approximate value of $79.85 million in MARA stocks shares; and MORGAN STANLEY, currently with $31.57 million in MARA stock with ownership of nearly 160.263% 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 113 institutional holders increased their position in Marathon Digital Holdings Inc. [NASDAQ:MARA] by around 10,365,492 shares. Additionally, 103 investors decreased positions by around 5,065,446 shares, while 49 investors held positions by with 30,079,898 shares. The mentioned changes placed institutional holdings at 45,510,836 shares, according to the latest SEC report filing. MARA stock had 40 new institutional investments in for a total of 2,108,745 shares, while 48 institutional investors sold positions of 1,111,806 shares during the same period.