Marathon Digital Holdings Inc. [NASDAQ: MARA] loss -11.62% on the last trading session, reaching $7.07 price per share at the time. The company report on February 2, 2023 that Marathon Digital Holdings Announces Bitcoin Production and Mining Operation Updates for January 2023.
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Produced a Record 687 BTC in January 2023, 45% Increase from the Prior Month.
Increased Unrestricted Cash to $133.8 Million and Increased Unrestricted Bitcoin Holdings to 8,090 BTC as of January 31.
Marathon Digital Holdings Inc. represents 116.53 million in outstanding shares, while the company has a total market value of $934.72 million with the latest information. MARA stock price has been found in the range of $6.98 to $7.9164.
If compared to the average trading volume of 26.64M shares, MARA reached a trading volume of 33814934 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 $11.91 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 2.30. 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 Hold, with their previous recommendation back on January 09, 2023. The new note on the price target was released on September 23, 2022, representing the official price target for Marathon Digital Holdings Inc. stock. Previously, the target price had yet another raise to $7, while Cowen analysts kept a Market Perform rating on MARA stock. On June 23, 2022, analysts decreased their price target for MARA shares from 34 to 9.
The Average True Range (ATR) for Marathon Digital Holdings Inc. is set at 0.92, with the Price to Sales ratio for MARA stock in the period of the last 12 months amounting to 6.25. The Price to Book ratio for the last quarter was 1.32, with the Price to Cash per share for the same quarter was set at 1.38.
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 -11.85. With this latest performance, MARA shares gained by 67.54% in over the last four-week period, additionally sinking by -47.32% over the last 6 months – not to mention a drop of -69.29% 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 51.04, with the RSI for the last a single of trading hit 47.39, and the three-weeks RSI is set at 51.21 for Marathon Digital Holdings Inc. [MARA]. The present Moving Average for the last 50 days of trading for this stock 5.80, while it was recorded at 7.39 for the last single week of trading, and 9.95 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 5.30 and a Current Ratio set at 5.30.
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 $294 million, or 37.50% of MARA stock, in the hands of institutional investors. The top three institutional holders of MARA stocks are: VANGUARD GROUP INC with ownership of 10,668,015, which is approximately 10.099% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 7,785,906 shares of the stock with an approximate value of $55.05 million in MARA stocks shares; and STATE STREET CORP, currently with $18.97 million in MARA stock with ownership of nearly 11.161% 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 94 institutional holders increased their position in Marathon Digital Holdings Inc. [NASDAQ:MARA] by around 4,942,969 shares. Additionally, 96 investors decreased positions by around 8,279,346 shares, while 44 investors held positions by with 28,411,288 shares. The mentioned changes placed institutional holdings at 41,633,603 shares, according to the latest SEC report filing. MARA stock had 29 new institutional investments in for a total of 809,647 shares, while 39 institutional investors sold positions of 2,931,925 shares during the same period.