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NASDAQ:MARA

Marathon Digital (MARA) Stock Price, News & Analysis

$24.48
-0.08 (-0.33%)
(As of 12:40 PM ET)
Today's Range
$23.05
$24.53
50-Day Range
$15.65
$31.07
52-Week Range
$5.13
$31.30
Volume
26.54 million shs
Average Volume
84.73 million shs
Market Capitalization
$5.45 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$15.76

Marathon Digital MarketRank™ Stock Analysis

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
33.1% Downside
$15.76 Price Target
Short Interest
Healthy
21.08% 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 23 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($0.09) to $0.32 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.

0.26 out of 5 stars

Business Services Sector

305th out of 313 stocks

Data Processing & Preparation Industry

53rd out of 60 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

Bitcoin's soaring rally lifts several crypto-stocks
After the launch of close to a dozen Bitcoin spot ETFs proved to be a sell-the-news event for the popular cryptocurrency, the price of Bitcoin has recovered and surged to a two-year high.
Bitcoin's soaring rally lifts several crypto-stocks (MARA)
Bitcoin's surge past $52,000 has reignited momentum in cryptocurrency-related stocks, some of which have reached new 52-week highs
The Strategic Gold Play You Haven't Heard About
Experts recommend adding gold to your portfolio, but in what form? Some savvy investors are now rejecting coins and mining stocks in favor of a unique gold investment alternative. It holds explosive growth potential similar to a junior gold stock -- but with less risk exposure.
Marathon Digital Holdings Launches Slipstream
Americans Now Favor Gold Over Stocks as an Investment Vehicle
Americans now consider gold a better long-term investment than stocks for the first time since 2013. But physical gold requires storage and insurance, and gold mining stocks come with significant risks. Fortunately, investors have found a little-known way to benefit from gold that avoids many of these challenges.
Marathon Digital (MARA) Scheduled to Post Earnings on Wednesday
Here are the El Paso Marathon 2024 results
See More Headlines
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Company Calendar

Last Earnings
11/10/2021
Today
2/23/2024
Next Earnings (Confirmed)
2/28/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Data processing & preparation
Sub-Industry
N/A
Current Symbol
NASDAQ:MARA
Employees
48
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$15.76
High Stock Price Target
$27.00
Low Stock Price Target
$5.00
Potential Upside/Downside
-33.8%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
8 Analysts

Profitability

Net Income
$-686,740,000.00
Net Margins
-136.97%
Pretax Margin
-143.94%

Debt

Sales & Book Value

Annual Sales
$117.75 million
Book Value
$2.65 per share

Miscellaneous

Free Float
220,154,000
Market Cap
$5.30 billion
Optionable
Optionable
Beta
5.44
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MARA Stock Analysis - Frequently Asked Questions

Should I buy or sell Marathon Digital stock right now?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Marathon Digital in the last year. There are currently 1 sell rating, 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" MARA shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MARA, but not buy additional shares or sell existing shares.
View MARA analyst ratings
or view top-rated stocks.

What is Marathon Digital's stock price target for 2024?

8 brokers have issued 12-month price objectives for Marathon Digital's stock. Their MARA share price targets range from $5.00 to $27.00. On average, they anticipate the company's stock price to reach $15.76 in the next twelve months. This suggests that the stock has a possible downside of 33.1%.
View analysts price targets for MARA
or view top-rated stocks among Wall Street analysts.

How have MARA shares performed in 2024?

Marathon Digital's stock was trading at $23.49 at the start of the year. Since then, MARA stock has increased by 0.3% and is now trading at $23.57.
View the best growth stocks for 2024 here
.

When is Marathon Digital's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 28th 2024.
View our MARA earnings forecast
.

How can I listen to Marathon Digital's earnings call?

Marathon Digital will be holding an earnings conference call on Wednesday, February 28th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Marathon Digital's earnings last quarter?

Marathon Digital Holdings, Inc. (NASDAQ:MARA) issued its earnings results on Wednesday, November, 10th. The business services provider reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by $0.65. The business services provider had revenue of $51.71 million for the quarter, compared to analysts' expectations of $75.05 million. Marathon Digital had a negative trailing twelve-month return on equity of 8.68% and a negative net margin of 136.97%.

When did Marathon Digital's stock split?

Marathon Digital shares reverse split on the morning of 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 FY 2024 earnings guidance on Thursday, January, 18th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $600.0 million-, compared to the consensus revenue estimate of $585.1 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

Who are Marathon Digital's major shareholders?

Marathon Digital's stock is owned by many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (10.54%), Citadel Advisors LLC (0.00%), IMC Chicago LLC (0.00%), Goldman Sachs Group Inc. (0.00%), Northern Trust Corp (0.90%) and Parallax Volatility Advisers L.P. (0.00%). Insiders that own company stock include Ashu Swami, Douglas K Mellinger, Frederick G Thiel, Kevin A Denuccio, Merrick D Okamoto, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:MARA) was last updated on 2/23/2024 by MarketBeat.com Staff

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