NASDAQ:MARA

Marathon Patent Group Stock Forecast, Price & News

Followed 196 Times

$18.78

+1.22 (+6.95 %)

(As of 01/22/2021 02:27 PM ET)

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Today's Range

$16.95

Now: $18.78▼

$19.84

50-Day Range

$4.75

MA: $13.33▼

$26.39

52-Week Range

$0.35

Now: $18.78▼

$28.37

Volume725,567 shs

Average Volume64.00 million shs

Market Capitalization$1.20 billion

P/E RatioN/A

Dividend YieldN/A

Beta4.33

Marathon Patent Group, Inc. operates as a digital asset technology company that mines cryptocurrencies. The company was formerly known as American Strategic Minerals Corporation and changed its name to Marathon Patent Group, Inc. in February 2013. Marathon Patent Group, Inc. was founded in 2010 and is headquartered in Las Vegas, Nevada.

MarketRank^™

Overall MarketRank^™

0.83 out of 5 stars

Finance Sector

1262nd out of 1,934 stocks

Patent Owners & Lessors Industry

11th out of 28 stocks

1.5 Analyst's Opinion

Consensus Rating
Marathon Patent Group has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $17.00, Marathon Patent Group has a forecasted downside of 6.0% from its current price of $18.08.
Amount of Analyst Coverage
Marathon Patent Group has only been the subject of 1 research reports in the past 90 days.

2.0 Community Rank

Outperform Votes
Marathon Patent Group has received 266 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Marathon Patent Group has received 395 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Marathon Patent Group has received 59.76% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Marathon Patent Group and other stocks. Vote “Outperform” if you believe MARA will outperform the S&P 500 over the long term. Vote “Underperform” if you believe MARA will underperform the S&P 500 over the long term. You may vote once every thirty days.

0.0 Dividend Strength

Dividend Yield
Marathon Patent Group does not currently pay a dividend.
Dividend Growth
Marathon Patent Group does not have a long track record of dividend growth.

0.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Marathon Patent Group insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $13,082,455.00 in company stock.
Percentage Held by Insiders
Only 2.13% of the stock of Marathon Patent Group is held by insiders.
Percentage Held by Institutions
Only 3.99% of the stock of Marathon Patent Group is held by institutions.

0.6 Earnings and Valuation

Earnings Growth
Earnings for Marathon Patent Group are expected to grow in the coming year, from ($0.19) to $1.10 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Marathon Patent Group is -38.47, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Marathon Patent Group is -38.47, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Marathon Patent Group has a P/B Ratio of 39.30. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Patent owners & lessors

Sub-IndustryN/A

SectorFinance

Current SymbolNASDAQ:MARA

Previous Symbol

CUSIPN/A

CIK1507605

Webwww.marathonpg.com

Phone702-945-2773

Employees3

Debt

Debt-to-Equity RatioN/A

Current Ratio27.84

Quick Ratio27.84

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual Sales$1.18 million

Price / Sales1,012.75

Cash FlowN/A

Price / Cash FlowN/A

Book Value$0.46 per share

Price / Book40.83

Profitability

EPS (Most Recent Fiscal Year)($0.53)

Net Income$-3,520,000.00

Net Margins-319.69%

Return on Equity-48.25%

Return on Assets-42.06%

Miscellaneous

Outstanding Shares63,634,000

Market Cap$1.20 billion

Next Earnings Date3/22/2021 (Estimated)

OptionableOptionable

$18.78

+1.22 (+6.95 %)

(As of 01/22/2021 02:27 PM ET)

30 days | 90 days | 365 days | Advanced Chart

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Marathon Patent Group (NASDAQ:MARA) Frequently Asked Questions

How has Marathon Patent Group's stock price been impacted by Coronavirus (COVID-19)?

Marathon Patent Group's stock was trading at $0.71 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, MARA stock has increased by 2,490.1% and is now trading at $18.39.
View which stocks have been most impacted by COVID-19.

Is Marathon Patent Group a buy right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Marathon Patent Group in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" Marathon Patent Group stock.
View analyst ratings for Marathon Patent Group or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Marathon Patent Group?

Wall Street analysts have given Marathon Patent Group a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Marathon Patent Group wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

What is Doug Parker's approval rating as Marathon Patent Group's CEO?

1,448 employees have rated Marathon Patent Group CEO Doug Parker on Glassdoor.com. Doug Parker has an approval rating of 60% among Marathon Patent Group's employees. This puts Doug Parker in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

When is Marathon Patent Group's next earnings date?

Marathon Patent Group is scheduled to release its next quarterly earnings announcement on Monday, March 22nd 2021.
View our earnings forecast for Marathon Patent Group.

How were Marathon Patent Group's earnings last quarter?

Marathon Patent Group, Inc. (NASDAQ:MARA) issued its quarterly earnings results on Thursday, November, 12th. The business services provider reported ($0.06) EPS for the quarter. The business services provider had revenue of $0.84 million for the quarter. Marathon Patent Group had a negative net margin of 319.69% and a negative return on equity of 48.25%.
View Marathon Patent Group's earnings history.

When did Marathon Patent Group's stock split? How did Marathon Patent Group's stock split work?

Shares of Marathon Patent Group 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 Marathon Patent Group stock prior to the reverse split would have 25 shares after the split.

What price target have analysts set for MARA?

1 Wall Street analysts have issued 12 month price objectives for Marathon Patent Group's stock. Their forecasts range from $17.00 to $17.00. On average, they expect Marathon Patent Group's share price to reach $17.00 in the next year. This suggests that the stock has a possible downside of 7.6%.
View analysts' price targets for Marathon Patent Group or view Wall Street analyst' top-rated stocks.

Who are some of Marathon Patent Group's key competitors?

Some companies that are related to Marathon Patent Group include InterDigital (IDCC), Franchise Group (FRG), Liberty Tax (TAXA), The Joint (JYNT), VirnetX (VHC), Acacia Research (ACTG), Quarterhill (QTRHF), Research Frontiers (REFR), Pendrell (PCOA), Network-1 Technologies (NTIP), MGT Capital Investments (MGTI), Xcel Brands (XELB), Health Discovery (HDVY), Mills Music Trust (MMTRS) and Micro Imaging Technology (MMTC).
View all of MARA's competitors.

What other stocks do shareholders of Marathon Patent Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Marathon Patent Group 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).

Who are Marathon Patent Group's key executives?

Marathon Patent Group's management team includes the following people:

Mr. Merrick D. Okamoto, Exec. Chairman, CEO & Pres (Age 61, Pay $352.41k)
Mr. James G. Crawford, Chief Operating Officer (Age 46, Pay $120.9k)
Mr. David P. Lieberman, Sec. & Director (Age 77, Pay $181.24k)
Mr. Simeon Salzman, Chief Financial Officer (Age 41)

What is Marathon Patent Group's stock symbol?

Marathon Patent Group trades on the NASDAQ under the ticker symbol "MARA."

How do I buy shares of Marathon Patent Group?

Shares of MARA 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.

What is Marathon Patent Group's stock price today?

One share of MARA stock can currently be purchased for approximately $18.39.

How big of a company is Marathon Patent Group?

Marathon Patent Group has a market capitalization of $1.17 billion and generates $1.18 million in revenue each year. The business services provider earns $-3,520,000.00 in net income (profit) each year or ($0.53) on an earnings per share basis. Marathon Patent Group employs 3 workers across the globe.

What is Marathon Patent Group's official website?

The official website for Marathon Patent Group is www.marathonpg.com.

How can I contact Marathon Patent Group?

Marathon Patent Group's mailing address is 1180 North Town Center Drive Suite 100, LAS VEGAS NV, 89144. The business services provider can be reached via phone at 702-945-2773 or via email at [email protected]

This page was last updated on 1/22/2021 by MarketBeat.com Staff

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