Marathon Digital - MARA Stock Forecast, Price & News

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Marathon Digital in the last twelve months. There are currently 5 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities 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 analysts have issued twelve-month target prices for Marathon Digital's shares. Their MARA share price forecasts range from $4.00 to $21.00. On average, they anticipate the company's stock price to reach $13.11 in the next year. This suggests a possible upside of 92.5% from the stock's current price.
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Marathon Digital's stock was trading at $3.42 at the start of the year. Since then, MARA shares have increased by 99.1% and is now trading at $6.81.
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Marathon Digital saw a increase in short interest in 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 daily trading volume, of 23,950,000 shares, the short-interest ratio is presently 2.1 days.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 7th 2023.
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Marathon Digital Holdings, Inc. (NASDAQ:MARA) announced its quarterly earnings data on Wednesday, November, 10th. The business services provider reported ($0.22) EPS for the quarter, missing the consensus estimate of $0.43 by $0.65. The business services provider earned $51.71 million during the quarter, compared to the consensus estimate of $75.05 million. Marathon Digital had a negative net margin of 179.46% and a negative trailing twelve-month return on equity of 12.44%.

Shares of Marathon Digital reverse split 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.

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).

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

Marathon Digital's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Wolverine Asset Management LLC (0.00%), SG Americas Securities LLC (0.00%), LPL Financial LLC (0.42%), Van ECK Associates Corp (0.31%), Exchange Traded Concepts LLC (0.24%) and Swiss National Bank (0.23%). 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 $6.81.

Marathon Digital (NASDAQ:MARA) has a market capitalization of $795.48 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.