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S&P 500   4,320.06
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QQQ   357.91
Birthplace of the atomic bomb braces for its biggest mission since the top-secret Manhattan Project
The Real Reason They Murdered JFK? (Ad)
MILAN FASHION PHOTOS: Naomi Campbell stuns at Dolce&Gabbana in collection highlighting lingerie
Minnesota's would-be head of cannabis regulation quits amid reports she sold illegal products
The Real Reason They Murdered JFK? (Ad)
Speaker McCarthy is giving hard-right Republicans what they want. But it never seems to be enough.
High-speed rail was touted as a game-changer in Britain. Costs are making the government think twice
The Real Reason They Murdered JFK? (Ad)
Leading Egyptian opposition politician targeted with spyware, researchers find
After climate summit, California Gov. Gavin Newsom faces key decisions to reduce emissions back home
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
Birthplace of the atomic bomb braces for its biggest mission since the top-secret Manhattan Project
The Real Reason They Murdered JFK? (Ad)
MILAN FASHION PHOTOS: Naomi Campbell stuns at Dolce&Gabbana in collection highlighting lingerie
Minnesota's would-be head of cannabis regulation quits amid reports she sold illegal products
The Real Reason They Murdered JFK? (Ad)
Speaker McCarthy is giving hard-right Republicans what they want. But it never seems to be enough.
High-speed rail was touted as a game-changer in Britain. Costs are making the government think twice
The Real Reason They Murdered JFK? (Ad)
Leading Egyptian opposition politician targeted with spyware, researchers find
After climate summit, California Gov. Gavin Newsom faces key decisions to reduce emissions back home
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
Birthplace of the atomic bomb braces for its biggest mission since the top-secret Manhattan Project
The Real Reason They Murdered JFK? (Ad)
MILAN FASHION PHOTOS: Naomi Campbell stuns at Dolce&Gabbana in collection highlighting lingerie
Minnesota's would-be head of cannabis regulation quits amid reports she sold illegal products
The Real Reason They Murdered JFK? (Ad)
Speaker McCarthy is giving hard-right Republicans what they want. But it never seems to be enough.
High-speed rail was touted as a game-changer in Britain. Costs are making the government think twice
The Real Reason They Murdered JFK? (Ad)
Leading Egyptian opposition politician targeted with spyware, researchers find
After climate summit, California Gov. Gavin Newsom faces key decisions to reduce emissions back home
NASDAQ:MARA

Marathon Digital (MARA) Stock Forecast, Price & News

$8.67
-0.49 (-5.35%)
(As of 09/22/2023 ET)
Compare
Today's Range
$8.66
$9.28
50-Day Range
$8.67
$17.59
52-Week Range
$3.11
$19.88
Volume
17.20 million shs
Average Volume
28.01 million shs
Market Capitalization
$1.51 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$13.67

Marathon Digital MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
57.6% Upside
$13.67 Price Target
Short Interest
Bearish
29.37% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.28mentions of Marathon Digital in the last 14 days
Based on 10 Articles This Week
Insider Trading
Selling Shares
$316,050 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.20) to ($0.09) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.86 out of 5 stars

Business Services Sector

236th out of 313 stocks

Data Processing & Preparation Industry

47th out of 61 stocks


MARA stock logo

About Marathon Digital (NASDAQ:MARA) Stock

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 Price History

MARA Stock News Headlines

Is Bitcoin ETF Launch A Promising Development For Crypto Stocks? (MARA)
Coinbase ended the week 5% higher after initially surging 15% on Bitcoin ETF news. The SEC said it would review Bitcoin ETF applications by October 19.
3 Bitcoin Stocks To Watch Following Grayscale's Legal Victory (MARA)
Bitcoin Surges 8% as Grayscale (GBTC) secures legal victory against the SEC, prompting notable gains in Bitcoin stocks like MARA, RIOT, and BITO
BREAKING: Tiny biotech successfully treats blindness
There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.
Marathon Digital (NASDAQ:MARA) Stock Price Down 4.3%
Shares Of Bitcoin Miner Marathon Digital Are Moving Lower: What's Going On?
Disturbing Truth About Biden's New Program To Seize Your Cash
A former bank regulator is blowing the whistle on Biden's frightening plan to take over your money. Discover the immediate steps you need to take now.
Why I'm Upgrading Marathon Digital To A Buy Rating
See More Headlines
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MARA Company Calendar

Last Earnings
8/08/2023
Today
9/24/2023
Next Earnings (Estimated)
11/14/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Data processing & preparation
Sub-Industry
N/A
Current Symbol
NASDAQ:MARA
Employees
40
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$13.67
High Stock Price Forecast
$20.00
Low Stock Price Forecast
$4.00
Forecasted Upside/Downside
+57.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
6 Analysts

Profitability

Net Income
$-686,740,000.00
Net Margins
-284.21%
Pretax Margin
-296.43%

Debt

Sales & Book Value

Annual Sales
$117.75 million
Book Value
$2.65 per share

Miscellaneous

Free Float
173,334,000
Market Cap
$1.51 billion
Optionable
Optionable
Beta
5.11
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Key Executives

  • Mr. Frederick G. ThielMr. Frederick G. Thiel (Age 62)
    CEO & Exec. Chairman
    Comp: $1.24M
  • Mr. James G. Crawford (Age 48)
    Chief Operating Officer
    Comp: $512.5k
  • Mr. John M. Lee (Age 62)
    Chief Accounting Officer
    Comp: $111.14k
  • Mr. Ashu Swami (Age 43)
    Chief Technology Officer
    Comp: $469.79k
  • Mr. Adam Swick
    Chief Growth Officer
  • Mr. Salman H. Khan (Age 44)
    Chief Financial Officer
  • Mr. Charlie Schumacher
    Director of Corp. Communications
  • Mr. William Beam
    Controller













MARA Stock - Frequently Asked Questions

Should I buy or sell Marathon Digital stock right now?

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Marathon Digital in the last twelve months. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" MARA shares.
View MARA analyst ratings
or view top-rated stocks.

What is Marathon Digital's stock price forecast for 2023?

6 brokers have issued 1-year target prices for Marathon Digital's shares. Their MARA share price forecasts range from $4.00 to $20.00. On average, they anticipate the company's share price to reach $13.67 in the next year. This suggests a possible upside of 57.6% from the stock's current price.
View analysts price targets for MARA
or view top-rated stocks among Wall Street analysts.

How have MARA shares performed in 2023?

Marathon Digital's stock was trading at $3.42 at the beginning of 2023. Since then, MARA stock has increased by 153.5% and is now trading at $8.67.
View the best growth stocks for 2023 here
.

When is Marathon Digital's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 14th 2023.
View our MARA earnings forecast
.

How were Marathon Digital's earnings last quarter?

Marathon Digital Holdings, Inc. (NASDAQ:MARA) issued its earnings results on Tuesday, August, 8th. The business services provider reported ($0.13) EPS for the quarter, missing analysts' consensus estimates of ($0.03) by $0.10. The business services provider earned $81.76 million during the quarter, compared to analysts' expectations of $83.20 million. Marathon Digital had a negative trailing twelve-month return on equity of 15.80% and a negative net margin of 284.21%.

When did Marathon Digital's stock split?

Marathon Digital shares reverse split 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 market closes 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.

What guidance has Marathon Digital issued on next quarter's earnings?

Marathon Digital issued an update on its second quarter earnings guidance on Tuesday, August, 8th. The company provided earnings per share guidance of ($0.13) for the period, compared to the consensus EPS estimate of ($0.06). The company issued revenue guidance of $81.76 million, compared to the consensus revenue estimate of $83.44 million.

What other stocks do shareholders of Marathon Digital own?

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

What is Marathon Digital's stock symbol?

Marathon Digital trades on the NASDAQ under the ticker symbol "MARA."

Who are Marathon Digital's major shareholders?

Marathon Digital's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Shaolin Capital Management LLC (0.00%), Citadel Advisors LLC (0.00%), Geode Capital Management LLC (2.13%), Goldman Sachs Group Inc. (0.00%), Simplex Trading LLC (0.00%) and IMC Chicago LLC (0.00%). Insiders that own company stock include Ashu Swami, David Philip Lieberman, Douglas K Mellinger, Frederick G Thiel, James Crawford, Kevin A Denuccio, Merrick D Okamoto, Michael Carroll Berg, Michael Rudolph, Peter Benz, Said Ouissal and Simeon Salzman.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Marathon Digital's stock price today?

One share of MARA stock can currently be purchased for approximately $8.67.

How much money does Marathon Digital make?

Marathon Digital (NASDAQ:MARA) has a market capitalization of $1.51 billion and generates $117.75 million in revenue each year. The business services provider earns $-686,740,000.00 in net income (profit) each year or ($3.97) on an earnings per share basis.

How can I contact Marathon Digital?

Marathon Digital's mailing address is 1180 North Town Center Drive Suite 100, LAS VEGAS NV, 89144. The official website for the company is www.marathonpg.com. The business services provider can be reached via phone at (702) 945-2773, via email at jason@marathonpg.com, or via fax at 703-956-2521.

This page (NASDAQ:MARA) was last updated on 9/24/2023 by MarketBeat.com Staff

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