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NASDAQ:MARA

Marathon Digital (MARA) Stock Price, News & Analysis

$20.67
-0.98 (-4.53%)
(As of 07/24/2024 ET)
Today's Range
$20.66
$22.59
50-Day Range
$18.69
$26.72
52-Week Range
$7.16
$34.09
Volume
36.88 million shs
Average Volume
47.63 million shs
Market Capitalization
$5.85 billion
P/E Ratio
9.61
Dividend Yield
N/A
Price Target
$19.61

Marathon Digital MarketRank™ Stock Analysis

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
5.1% Downside
$19.61 Price Target
Short Interest
Bearish
24.92% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.45mentions of Marathon Digital in the last 14 days
Based on 18 Articles This Week
Insider Trading
Selling Shares
$209,448 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.55) to ($0.07) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.50 out of 5 stars

Business Services Sector

219th out of 304 stocks

Data Processing & Preparation Industry

38th out of 54 stocks

MARA stock logo

About Marathon Digital Stock (NASDAQ:MARA)

Marathon Digital Holdings Inc, also known as Marathon Patent Group, is a digital asset technology company based in Las Vegas, Nevada. The blockchain technology-based mining company specializes in producing digital assets like Bitcoin.

The company was formerly known as Marathon Patent Group and was a patent-holding company that held patents but did not produce products, instead operating as a patent trolling company that purchases patents and then takes legal action against patent infringers. In 2020 Marathon Patent Group changed its name to Marathon Digital Holdings Inc.

It partnered with the Hardin Generating Station Montana coal plant to power the adjacently constructed Marathon bitcoin mining center. 

The company's leadership team comprises experienced professionals with finance, law and technology backgrounds. The chief executive officer is Fred Thiel, who replaced Merrick Okamoto as the CEO and Chairman of the Board. Fred Thiel previously worked as Marathon's Lead Independent Director.

Other notable executive management team members include Hugh Gallagher, the Chief Financial Officer with over thirty years of experience in capital markets, investment analysis and treasury management.

Also notable is Ashu Swami, the Chief Technology Officer, an experienced chip designer, crypto and DeFi expert. Ashu Swami brings Marathon deep technical, regulatory and market expertise. Ashu Swami joins Marathon Digital Holdings from his previous employer Core Scientific, where he served as the chief product officer, leading the company's foray into DeFi and heading mining hardware and software optimization.

Marathon Digital Holdings has experienced growth issues since its inception, with the stock price dropping from its IPO price of $100 to around $8. The company's gross profit margins have improved over time, but the company's blended profit margin since the IPO is about -180%.

The company has debt levels that have remained at approximately 50% of its asset value. In December 2020, Marathon Digital Holdings completed a public offering of common stock, raising $250 million in net proceeds.

Marathon Digital Holdings trades at a price-to-earnings ratio higher than the industry average, and the company's price-to-book ratio is more than twice the industry average. These metrics suggest that Marathon Digital Holdings is valued at a premium over its industry peers.

The company's stock price has experienced significant volatility in recent years, especially after the bitcoin crash of 2021. Trading volume has been higher than industry peers averaging around 31 million daily shares.

Marathon Digital Holdings operates in the rapidly growing blockchain technology industry, which has been gaining mainstream attention in recent years. The industry is characterized by high competition, with a few dominant players and many smaller firms. The industry is also subject to regulatory and political risks, with many governments worldwide taking different approaches to regulating cryptocurrencies and blockchain technology.

Marathon Digital Holdings has several potential growth opportunities, including expanding its mining operations, launching new digital asset products and exploring partnerships with other blockchain technology companies. The company has recently invested in new mining equipment, which is expected to increase its mining capacity significantly. The company is also exploring new products, such as the potential launch of a Bitcoin exchange-traded fund.

Marathon Digital Holdings is subject to significant price fluctuations, impacting the company's revenue and profitability. The regulatory environment surrounding blockchain technology is still determined, and regulation changes could affect the company's operations. The industry is subject to intense competition, and Marathon Digital Holdings must continue to innovate and stay ahead of its competitors.

Another challenge for Marathon Digital Holdings is the reliance on the Bitcoin mining industry. If the Bitcoin network experiences significant disruptions or a decline in popularity, it could negatively impact the company's revenue and profitability.

The company is also subject to operational risks, such as cybersecurity threats, equipment failure and electricity and internet connectivity availability. These risks could impact the company's ability to mine digital assets and generate revenue.

MARA Stock Price History

MARA Stock News Headlines

Coinbase app with gold bitcoin coins on smartphone
Riding the Latest Bitcoin Wave: 4 Crypto Stocks Surging Higher (MARA)
Bitcoin has sharply bounced close to 12% over the previous five days, driven by lower-than-expected CPI data and political news, lifting several crypto stocks.
AI brain
Applied Digital Boosts Stock with Cutting-Edge AI Data Centers (MARA)
Applied Digital Co. (NASDAQ: APLD) designs, develops and operates next-generation (gen) data centers accommodating artificial intelligence (AI) service provider
Former Hedge Fund Manager Issues Crash Prediction
Our No. 1 stock for the rare "millionaire window" opening NOW According to Wall Street legend Whitney Tilson, an extremely rare window in the markets is about to open. It's an often-misunderstood market setup we've only seen 13 times since 1920. The last time this happened, it minted a million brand-new millionaires – in a single year. But Tilson says this unique window in the markets could close much sooner than anyone realizes, leaving most investors in the dust, while making a select few incredibly rich.
MARA Purchases $100 Million of Bitcoin
Marathon Digital (MARA) to Release Earnings on Thursday
3 Meme Stocks to Buy on the Dip: July 2024
3 Blockchain Stocks Likely to Get a JD Vance Boost
Former Hedge Fund Manager Issues Crash Prediction
Our No. 1 stock for the rare "millionaire window" opening NOW According to Wall Street legend Whitney Tilson, an extremely rare window in the markets is about to open. It's an often-misunderstood market setup we've only seen 13 times since 1920. The last time this happened, it minted a million brand-new millionaires – in a single year. But Tilson says this unique window in the markets could close much sooner than anyone realizes, leaving most investors in the dust, while making a select few incredibly rich.
7 Decentralized Finance Stocks Disrupting Banking
See More Headlines
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Company Calendar

Last Earnings
5/09/2024
Today
7/24/2024
Next Earnings (Confirmed)
8/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Data processing & preparation
Sub-Industry
Business Services
Current Symbol
NASDAQ:MARA
Employees
9
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$19.61
High Stock Price Target
$27.00
Low Stock Price Target
$8.30
Potential Upside/Downside
-5.1%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
8 Analysts

Profitability

Net Income
$261.17 million
Pretax Margin
106.47%

Debt

Sales & Book Value

Annual Sales
$387.51 million
Cash Flow
$0.84 per share
Book Value
$7.26 per share

Miscellaneous

Free Float
279,648,000
Market Cap
$5.85 billion
Optionable
Optionable
Beta
5.56
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MARA Stock Analysis - Frequently Asked Questions

How have MARA shares performed this year?

Marathon Digital's stock was trading at $23.49 at the beginning of 2024. Since then, MARA shares have decreased by 12.0% and is now trading at $20.67.
View the best growth stocks for 2024 here
.

How were Marathon Digital's earnings last quarter?

Marathon Digital Holdings, Inc. (NASDAQ:MARA) announced its quarterly earnings results on Thursday, May, 9th. The business services provider reported ($0.06) earnings per share for the quarter, missing analysts' consensus estimates of $0.02 by $0.08. The business services provider had revenue of $165.20 million for the quarter, compared to analysts' expectations of $193.89 million. Marathon Digital had a net margin of 106.46% and a negative trailing twelve-month return on equity of 3.80%.

When did Marathon Digital's stock split?

Marathon Digital's stock reverse split before market open on Monday, October 30th 2017. The 1-4 reverse split was announced on Friday, October 27th 2017. The number of shares owned by shareholders was adjusted after the closing bell on Friday, October 27th 2017. An investor that had 100 shares of stock prior to the reverse split would have 25 shares after the split.

Who are Marathon Digital's major shareholders?

Top institutional investors of Marathon Digital include IMC Chicago LLC, SG Americas Securities LLC (0.05%), Louisiana State Employees Retirement System (0.05%) and Sara Bay Financial (0.04%). Insiders that own company stock include Kevin A Denuccio, Frederick G Thiel, Said Ouissal, Douglas K Mellinger, Ashu Swami and Merrick D Okamoto.
View institutional ownership trends
.

How do I buy shares of Marathon Digital?

Shares of MARA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Marathon Digital own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Marathon Digital investors own include Sierra Wireless (SWIR), Riot Platforms (RIOT), Sorrento Therapeutics (SRNE), Advanced Micro Devices (AMD), Biocept (BIOC), Bausch Health Companies (BHC) and Micron Technology (MU).

This page (NASDAQ:MARA) was last updated on 7/25/2024 by MarketBeat.com Staff

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