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S&P 500   3,951.57
DOW   32,244.58
QQQ   305.97
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Risk-Free Money Market vs. Bank Dividend Stock, Which is Better?
27 U.S. Cities Where Stocks Yield 26% a Year (Ad)pixel
Which Gold Stocks Can Help You Hedge Bank Exposure?
General Mills Retreats To Buy Zone Ahead Of Earnings 
S&P 500   3,951.57
DOW   32,244.58
QQQ   305.97
5 Tech Stocks With Bank-Like Dividend Yields
This Trade Strategy Outpaces Almost Anything (Ad)pixel
First Republic Bank Hits New Low, Dimon Pushes for More Cash
Mullen Automotive: Investment? No. Compelling Speculation, Yes 
27 U.S. Cities Where Stocks Yield 26% a Year (Ad)pixel
GBTC: The One Place to Buy Bitcoin for 58 Cents on the Dollar
Risk-Free Money Market vs. Bank Dividend Stock, Which is Better?
27 U.S. Cities Where Stocks Yield 26% a Year (Ad)pixel
Which Gold Stocks Can Help You Hedge Bank Exposure?
General Mills Retreats To Buy Zone Ahead Of Earnings 
NASDAQ:MARA

Marathon Digital - MARA Stock Forecast, Price & News

$7.85
-0.32 (-3.92%)
(As of 03/20/2023 12:00 AM ET)
Add
Compare
Today's Range
$7.61
$8.50
50-Day Range
$5.33
$9.00
52-Week Range
$3.11
$32.74
Volume
38.24 million shs
Average Volume
29.75 million shs
Market Capitalization
$916.96 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$12.78

Marathon Digital MarketRank™ Forecast

Analyst Rating
Hold
2.44 Rating Score
Upside/​Downside
62.8% Upside
$12.78 Price Target
Short Interest
Healthy
34.77% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.08mentions of Marathon Digital in the last 14 days
Based on 27 Articles This Week
Insider Trading
Acquiring Shares
$32,700 Bought Last Quarter
Proj. Earnings Growth
75.00%
From $0.28 to $0.49 Per Share

Overall MarketRank

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

2.31 out of 5 stars

Business Services Sector

124th out of 317 stocks

Data Processing & Preparation Industry

21st out of 65 stocks


MARA stock logo

About Marathon Digital (NASDAQ:MARA) Stock

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.

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MARA Stock News Headlines

Bank Accounts: Frozen!
In 1990, the Brazilian government froze the bank accounts of thousands of citizens. In 2013, the victims were the people of Cyprus. In 2022, it hit closer to home — in Canada. And now the Federal Reserve System Docket No. OP-1670 reveals the plan to give the Fed the power to track and potentially even control your checking account. Not just the money you have in your account … But also, every single check, withdrawal, deposit and transaction. Practically everything you do with your money!
Marathon Shareholder Action Reminder
Bank Accounts: Frozen!
In 1990, the Brazilian government froze the bank accounts of thousands of citizens. In 2013, the victims were the people of Cyprus. In 2022, it hit closer to home — in Canada. And now the Federal Reserve System Docket No. OP-1670 reveals the plan to give the Fed the power to track and potentially even control your checking account. Not just the money you have in your account … But also, every single check, withdrawal, deposit and transaction. Practically everything you do with your money!
Where Will Marathon Digital Stock Be in 1 Year?
Why Is Marathon Digital (MARA) Stock Up 20% Today?
Marathon Investor Alert
See More Headlines
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MARA Company Calendar

Last Earnings
11/10/2021
Today
3/21/2023
Next Earnings (Estimated)
5/03/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Data processing & preparation
Sub-Industry
N/A
Current Symbol
NASDAQ:MARA
Employees
10
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$12.78
High Stock Price Forecast
$21.00
Low Stock Price Forecast
$4.00
Forecasted Upside/Downside
+62.8%
Consensus Rating
Hold
Rating Score (0-4)
2.44
Research Coverage
9 Analysts

Profitability

Net Income
$-686,740,000.00
Net Margins
-571.35%
Pretax Margin
-601.75%

Debt

Sales & Book Value

Annual Sales
$117.75 million
Book Value
$3.30 per share

Miscellaneous

Free Float
116,109,000
Market Cap
$916.96 million
Optionable
Optionable
Beta
5.05

Key Executives

  • Frederick G. ThielFrederick G. Thiel
    Chairman & Chief Executive Officer
  • Jim Crawford
    Chief Operating Officer
  • Hugh J. Gallagher
    Chief Financial Officer
  • Ashu Swami
    Chief Technology Officer
  • Simeon SalzmanSimeon Salzman
    Vice President-Finance













MARA Stock - Frequently Asked Questions

Should I buy or sell Marathon Digital stock right now?

9 Wall Street 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 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.
View MARA analyst ratings
or view top-rated stocks.

What is Marathon Digital's stock price forecast for 2023?

9 Wall Street research analysts have issued twelve-month price objectives for Marathon Digital's shares. Their MARA share price forecasts range from $4.00 to $21.00. On average, they predict the company's share price to reach $12.78 in the next year. This suggests a possible upside of 62.8% 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 2023?

Marathon Digital's stock was trading at $3.42 at the start of the year. Since then, MARA shares have increased by 129.5% and is now trading at $7.85.
View the best growth stocks for 2023 here
.

Are investors shorting Marathon Digital?

Marathon Digital saw a decrease in short interest in the month of February. As of February 28th, there was short interest totaling 40,610,000 shares, a decrease of 10.8% from the February 13th total of 45,510,000 shares. Based on an average trading volume of 29,620,000 shares, the short-interest ratio is currently 1.4 days.
View Marathon Digital's Short Interest
.

When is Marathon Digital's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
View our MARA earnings forecast
.

How were Marathon Digital's earnings last quarter?

Marathon Digital Holdings, Inc. (NASDAQ:MARA) announced its quarterly earnings results on Wednesday, November, 10th. The business services provider reported ($0.22) earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by $0.65. The business services provider had revenue of $51.71 million for the quarter, compared to the consensus estimate of $75.05 million. Marathon Digital had a negative net margin of 571.35% and a negative trailing twelve-month return on equity of 23.22%.

When did Marathon Digital's stock split?

Shares of Marathon Digital 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 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.

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).

What is Marathon Digital's stock symbol?

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

Who are Marathon Digital's major shareholders?

Marathon Digital's stock is owned by many different retail and institutional investors. Top institutional investors include Morgan Stanley (2.72%), Wolverine Asset Management LLC (0.00%), Geode Capital Management LLC (2.06%), Susquehanna International Group LLP (0.00%), EMG Holdings L.P. (0.00%) and IMC Chicago LLC (0.00%). 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.
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.

What is Marathon Digital's stock price today?

One share of MARA stock can currently be purchased for approximately $7.85.

How much money does Marathon Digital make?

Marathon Digital (NASDAQ:MARA) has a market capitalization of $916.96 million and generates $117.75 million in revenue each year. The business services provider earns $-686,740,000.00 in net income (profit) each year or ($5.67) on an earnings per share basis.

How can I contact Marathon Digital?

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.

This page (NASDAQ:MARA) was last updated on 3/21/2023 by MarketBeat.com Staff