Marathon Digital - MARA Stock Forecast, Price & News

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Marathon Digital in the last year. There are currently 5 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research 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.
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9 equities research analysts have issued 1-year target prices for Marathon Digital's stock. Their MARA share price forecasts range from $4.00 to $21.00. On average, they expect the company's share price to reach $13.11 in the next twelve months. This suggests a possible upside of 63.5% from the stock's current price.
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Marathon Digital's stock was trading at $3.42 at the beginning of 2023. Since then, MARA shares have increased by 134.5% and is now trading at $8.02.
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Marathon Digital saw a increase in short interest during the month of January. As of January 15th, there was short interest totaling 51,270,000 shares, an increase of 16.8% from the December 31st total of 43,880,000 shares. Based on an average trading volume of 23,950,000 shares, the days-to-cover ratio is currently 2.1 days.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 7th 2023.
View our MARA earnings forecast.

Marathon Digital Holdings, Inc. (NASDAQ:MARA) issued its earnings results on Tuesday, November, 8th. The business services provider reported ($0.36) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.36). The business services provider had revenue of $12.69 million for the quarter, compared to the consensus estimate of $35.43 million. Marathon Digital had a negative trailing twelve-month return on equity of 12.44% and a negative net margin of 179.46%.

Marathon Digital's stock 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 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.

Based on aggregate information from My MarketBeat watchlists, some companies that other Marathon Digital investors own include Sierra Wireless (SWIR), Riot Blockchain (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).

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

Marathon Digital's stock is owned by a variety of retail and institutional investors. Top institutional investors include Exchange Traded Concepts LLC (0.24%), Advisor Resource Council (0.21%), Sara Bay Financial (0.04%), National Bank of Canada FI (0.00%), Private Advisor Group LLC (0.02%) and Inspire Advisors LLC (0.02%). Insiders that own company stock include David Philip Lieberman, Douglas K Mellinger, Frederick G Thiel, James Crawford, Kevin A Denuccio, Merrick D Okamoto, Michael Carroll Berg, Michael Rudolph, Peter Benz and Simeon Salzman.
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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.
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One share of MARA stock can currently be purchased for approximately $8.02.

Marathon Digital (NASDAQ:MARA) has a market capitalization of $936.82 million and generates $150.46 million in revenue each year. The business services provider earns $-36,170,000.00 in net income (profit) each year or ($2.43) on an earnings per share basis.

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.