S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
How does the Consumer Price Index affect the stock market?
All the trading advice you’ve ever received boils down to this (Ad)
A 'soft landing' or a recession? How each one might affect America's households and businesses
Carrier Global, Marathon Oil rise; RH, Newmont fall, Friday, 12/8/2023
All the trading advice you’ve ever received boils down to this (Ad)
Closing prices for crude oil, gold and other commodities
How major US stock indexes fared Friday, 12/8/2023
All the trading advice you’ve ever received boils down to this (Ad)
FTC opens inquiry of Chevron-Hess merger, marking second review this week of major oil industry deal
MarketBeat Week in Review – 12/4 - 12/8
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
How does the Consumer Price Index affect the stock market?
All the trading advice you’ve ever received boils down to this (Ad)
A 'soft landing' or a recession? How each one might affect America's households and businesses
Carrier Global, Marathon Oil rise; RH, Newmont fall, Friday, 12/8/2023
All the trading advice you’ve ever received boils down to this (Ad)
Closing prices for crude oil, gold and other commodities
How major US stock indexes fared Friday, 12/8/2023
All the trading advice you’ve ever received boils down to this (Ad)
FTC opens inquiry of Chevron-Hess merger, marking second review this week of major oil industry deal
MarketBeat Week in Review – 12/4 - 12/8
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
How does the Consumer Price Index affect the stock market?
All the trading advice you’ve ever received boils down to this (Ad)
A 'soft landing' or a recession? How each one might affect America's households and businesses
Carrier Global, Marathon Oil rise; RH, Newmont fall, Friday, 12/8/2023
All the trading advice you’ve ever received boils down to this (Ad)
Closing prices for crude oil, gold and other commodities
How major US stock indexes fared Friday, 12/8/2023
All the trading advice you’ve ever received boils down to this (Ad)
FTC opens inquiry of Chevron-Hess merger, marking second review this week of major oil industry deal
MarketBeat Week in Review – 12/4 - 12/8
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
How does the Consumer Price Index affect the stock market?
All the trading advice you’ve ever received boils down to this (Ad)
A 'soft landing' or a recession? How each one might affect America's households and businesses
Carrier Global, Marathon Oil rise; RH, Newmont fall, Friday, 12/8/2023
All the trading advice you’ve ever received boils down to this (Ad)
Closing prices for crude oil, gold and other commodities
How major US stock indexes fared Friday, 12/8/2023
All the trading advice you’ve ever received boils down to this (Ad)
FTC opens inquiry of Chevron-Hess merger, marking second review this week of major oil industry deal
MarketBeat Week in Review – 12/4 - 12/8

Marathon Digital Stock Price, News & Analysis (NASDAQ:MARA)

$16.78
+1.27 (+8.19%)
(As of 12/8/2023 ET)
Compare
Today's Range
$15.56
$16.79
50-Day Range
$7.30
$16.78
52-Week Range
$3.11
$19.88
Volume
53.07 million shs
Average Volume
46.08 million shs
Market Capitalization
$3.74 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$11.91

Marathon Digital MarketRank™ Stock Analysis

Analyst Rating
Hold
2.22 Rating Score
Upside/​Downside
29.0% Downside
$11.91 Price Target
Short Interest
Bearish
24.25% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.72mentions of Marathon Digital in the last 14 days
Based on 8 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($0.08) to ($0.06) Per Share

Overall MarketRank

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

1.08 out of 5 stars

Business Services Sector

289th out of 305 stocks

Data Processing & Preparation Industry

55th out of 58 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

Cryptos surge as BlackRock Ethereum ETF plan is confirmed (MARA)
BlackRock's Ethereum ETF plans mark a major shift beyond Bitcoin or Ethereum, mirroring rising interest in crypto-backed ETFs among financial firms.
New CBOE “special perk” helps traders target income every weekend
You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.
Marathon Digital's Explosive Run Higher May Not Be Done
Here's Why Marathon Digital Stock Jumped 36% Last Month
Trading Experts Call It “The Perfect Tesla Trade”
Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.
Why Marathon Digital Holdings Stock Surged Today
Marathon Digital Sees Unusually Large Options Volume (NASDAQ:MARA)
Better Bitcoin Stock: Coinbase Global vs. Marathon Digital
See More Headlines
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Sign-up to receive the latest news and ratings for Marathon Digital and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings
11/08/2023
Today
12/09/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
3/21/2024

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
$11.91
High Stock Price Target
$20.00
Low Stock Price Target
$4.00
Potential Upside/Downside
-29.0%
Consensus Rating
Hold
Rating Score (0-4)
2.22
Research Coverage
9 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
$3.74 billion
Optionable
Optionable
Beta
5.11
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MARA Stock Analysis - Frequently Asked Questions

Should I buy or sell Marathon Digital stock right now?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Marathon Digital in the last twelve months. There are currently 1 sell rating, 5 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?

9 Wall Street analysts have issued 12-month price objectives for Marathon Digital's stock. Their MARA share price targets range from $4.00 to $20.00. On average, they predict the company's share price to reach $11.91 in the next year. This suggests that the stock has a possible downside of 29.0%.
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 390.6% and is now trading at $16.78.
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 Thursday, March 21st 2024.
View our MARA earnings forecast
.

How were Marathon Digital's earnings last quarter?

Marathon Digital Holdings, Inc. (NASDAQ:MARA) issued its quarterly earnings results on Wednesday, November, 8th. The business services provider reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by $0.01. The business services provider earned $97.85 million during the quarter, compared to analyst estimates of $99.60 million. Marathon Digital had a negative net margin of 136.97% and a negative trailing twelve-month return on equity of 8.68%.

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 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

Who are Marathon Digital's major shareholders?

Marathon Digital's stock is owned by a number of retail and institutional investors. Top institutional investors include Morgan Stanley (3.14%), Northern Trust Corp (0.73%), Charles Schwab Investment Management Inc. (0.65%), IMC Chicago LLC (0.00%), Group One Trading L.P. (0.00%) and Mirae Asset Global Investments Co. Ltd. (0.47%). Insiders that own company stock include Ashu Swami, 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.

This page (NASDAQ:MARA) was last updated on 12/9/2023 by MarketBeat.com Staff

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