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Johnson & Johnson’s Q1 Checkup: Mixed Results, Optimism Remains
S&P 500   5,022.21
DOW   37,753.31
QQQ   425.84
ASML Fires Warning Shot For Tech Investors
Checking in with 5 Bitcoin Stocks Ahead of Bitcoin's Halving
Closing prices for crude oil, gold and other commodities
Lululemon’s P/E Is Back to 2017 Levels: Should You Buy the Dip?
Abbott Laboratories Outlook is Healthy: Buy the Dip
Prologis Stock Leading U.S. Logistics Boom
Johnson & Johnson’s Q1 Checkup: Mixed Results, Optimism Remains
S&P 500   5,022.21
DOW   37,753.31
QQQ   425.84
ASML Fires Warning Shot For Tech Investors
Checking in with 5 Bitcoin Stocks Ahead of Bitcoin's Halving
Closing prices for crude oil, gold and other commodities
Lululemon’s P/E Is Back to 2017 Levels: Should You Buy the Dip?
Abbott Laboratories Outlook is Healthy: Buy the Dip
Prologis Stock Leading U.S. Logistics Boom
Johnson & Johnson’s Q1 Checkup: Mixed Results, Optimism Remains
S&P 500   5,022.21
DOW   37,753.31
QQQ   425.84
ASML Fires Warning Shot For Tech Investors
Checking in with 5 Bitcoin Stocks Ahead of Bitcoin's Halving
Closing prices for crude oil, gold and other commodities
Lululemon’s P/E Is Back to 2017 Levels: Should You Buy the Dip?
Abbott Laboratories Outlook is Healthy: Buy the Dip
Prologis Stock Leading U.S. Logistics Boom
Johnson & Johnson’s Q1 Checkup: Mixed Results, Optimism Remains
NASDAQ:MARA

Marathon Digital (MARA) Stock Price, News & Analysis

$14.63
+0.03 (+0.21%)
(As of 04/17/2024 ET)
Today's Range
$14.18
$15.13
50-Day Range
$14.60
$31.03
52-Week Range
$7.16
$34.09
Volume
37.71 million shs
Average Volume
74.80 million shs
Market Capitalization
$3.92 billion
P/E Ratio
17.42
Dividend Yield
N/A
Price Target
$21.11

Marathon Digital MarketRank™ Stock Analysis

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
44.3% Upside
$21.11 Price Target
Short Interest
Healthy
16.05% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.32mentions of Marathon Digital in the last 14 days
Based on 30 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($0.04) to $0.53 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.

2.57 out of 5 stars

Business Services Sector

151st out of 297 stocks

Data Processing & Preparation Industry

27th out of 57 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

Checking in with 5 Bitcoin Stocks Ahead of Bitcoin's Halving (MARA)
The crypto market has experienced a significant pullback, with Bitcoin's price dropping 10% over five days and 3.5% in the last month, ahead of its halving.
All In: Is MicroStrategy Overleveraging Its Future on Bitcoin? (MARA)
MicroStrategy is the largest corporate holder of bitcoin, but investors have to wonder if MicroStrategy has overleveraged its future with Bitcoin
AI “wealth window” is closing soon!
Today, I’m making my boldest prediction ever. Next-generation AI technology will create the first $100 TRILLION industry.
Bitcoin Sells Off, Bringing New Spot ETFs Along With It
Spot Bitcoin exchange-traded funds, including the iShares Bitcoin Trust NASDAQ: IBIT, Grayscale Bitcoin Trust NYSEARCA: GBTC, Fidelity Wise Origin Bitcoin Fund NYSEARCA: FBTC, ARK 21Shares Bitcoin ETF BATS: ARKB and Bitwise Bitcoin ETF NYSEARCA: BITB, have seen redemptions in recent days, highlighting the volatile nature of these new securities.
Bitcoin Sells Off, Bringing New Spot ETFs Along With It (MARA)
Despite redemptions as Bitcoin sells off, spot Bitcoin ETFs remain popular among investors seeking cryptocurrency exposure, and analysts forecast fast growth.
Here's Why Bitcoin Miners Stopped Rising With Bitcoin Prices
Prior to the approval of the spot bitcoin ETFs like iShares Bitcoin Trust NASDAQ: IBIT, traders would trade the Bitcoin miners and the cryptocurrency exchanges like Coinbase Global Inc. NASDAQ: COIN to benefit from the rise in Bitcoin prices. When the price of Bitcoin spiked, so did the stocks of Bitcoin miners in the business services sector.
Here’s Why Bitcoin Miners Stopped Rising With Bitcoin Prices
The upcoming halving event in Bitcoin is reversing the normal positive correlation between bitcoin mining stocks and the spot price of bitcoin
AI “wealth window” is closing soon!
Today, I’m making my boldest prediction ever. Next-generation AI technology will create the first $100 TRILLION industry.
Marathon Digital (NASDAQ:MARA) Shares Down 4.9%
See More Headlines
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Company Calendar

Last Earnings
2/28/2024
Today
4/17/2024
Next Earnings (Estimated)
5/08/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Data processing & preparation
Sub-Industry
N/A
Current Symbol
NASDAQ:MARA
Employees
60
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$21.11
High Stock Price Target
$35.00
Low Stock Price Target
$8.30
Potential Upside/Downside
+44.3%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
8 Analysts

Profitability

Net Income
$261.17 million
Pretax Margin
71.64%

Debt

Sales & Book Value

Annual Sales
$387.51 million
Cash Flow
$0.94 per share
Book Value
$7.26 per share

Miscellaneous

Free Float
264,669,000
Market Cap
$3.92 billion
Optionable
Optionable
Beta
5.36
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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 twelve months. 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 analysts have issued 12-month price objectives for Marathon Digital's stock. Their MARA share price targets range from $8.30 to $35.00. On average, they predict the company's stock price to reach $21.11 in the next twelve months. This suggests a possible upside of 44.3% 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 2024?

Marathon Digital's stock was trading at $23.49 at the beginning of 2024. Since then, MARA shares have decreased by 37.7% and is now trading at $14.63.
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, May 8th 2024.
View our MARA earnings forecast
.

How were Marathon Digital's earnings last quarter?

Marathon Digital Holdings, Inc. (NASDAQ:MARA) posted its quarterly earnings data on Wednesday, February, 28th. The business services provider reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.05 by $0.07. The business services provider had revenue of $156.77 million for the quarter, compared to the consensus estimate of $138.15 million. Marathon Digital had a net margin of 48.93% and a negative trailing twelve-month return on equity of 4.61%.

When did Marathon Digital's stock split?

Marathon Digital shares 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 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 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).

Who are Marathon Digital's major shareholders?

Marathon Digital's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Brookstone Capital Management (0.03%), Kingswood Wealth Advisors LLC (0.02%), Wealth Enhancement Advisory Services LLC (0.02%), Hennion & Walsh Asset Management Inc. (0.01%) and Pasadena Private Wealth LLC (0.00%). Insiders that own company stock include Ashu Swami, Douglas K Mellinger, Frederick G Thiel, Kevin A Denuccio, Merrick D Okamoto and Said Ouissal.
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 4/18/2024 by MarketBeat.com Staff

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