Are You Looking To Buy Marathon Digital Holdings Inc. (MARA)? First, Read This

Marathon Digital Holdings Inc. (NASDAQ:MARA) finished Wednesday with an addition of $2.93 to close at $43.79, an upside of 7.17 percent. An average of 9,981,660 shares of common stock have been traded in the last five days. There was a gain of $4.83 in the past week. The last 20 days have seen an average of 8,437,520 shares traded, while the 50-day average volume stands at 9,629,022.

MARA stock has increased by 26.27% in the last month. The company shares reached their 1-month lowest point of $30.55 on 09/29/21. With the stock rallying to its 52-week high on 04/06/21, shares of the company touched a low of $2.06 and a high of $57.75 in 52 weeks. In spite of this, the price is down -24.17% from the 52-week high.

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Insider Transactions

192 days have passed since Marathon Digital Holdings Inc. (MARA) last reported insider trading activity. Salzman Simeon, who is CHIEF FINANCIAL OFFICER, most recently acquired $15,000 shares at $53.38 per share on Apr 05. In this transaction, the insider spent $800,700. Director, BENZ PETER, disposed of 30,000 shares at a price of $46.40 on Feb 18. The insider now owns more than $1,392,000 worth of shares. Prior to that, Chief Executive Officer OKAMOTO MERRICK D went on to Sale 700,000 shares at $48.65 each on Feb 18. An amount of $34,055,000 was transacted.

Valuation Metrics

Marathon Digital Holdings Inc. (MARA) has a trailing price-to-earnings (P/E) ratio of 25.70 for the broader industry and 12.72 for the sector. In the last five years, Marathon Digital Holdings Inc.’s PE ratio has ranged between 91.80 and 31.91. The stock’s beta is 4.51. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 101.06, the price-to-book (PB) ratio at 7.50.

The quick ratio of Marathon Digital Holdings Inc. for the three months ended June 29 was 147.00, and the current ratio was 147.00, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 65.40% against a 5-year average of -404.9%. Marathon Digital Holdings Inc.’s EBITDA margin for the year ending June 29 is -133.12%. Its gross profit as reported stood at -$2.64 million compared to revenue of $4.36 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Marathon Digital Holdings Inc.’s return on assets was -8.10%, compared to -93.6% over the last five years. For the broader industry, ROE averaged 13.50 over the past year.

Earnings Surprise

For the three-month period that ended June 29, Marathon Digital Holdings Inc. had $166.92 million in cash. The analyst consensus anticipated Marathon Digital Holdings Inc.’s latest quarter earnings to come in at $0.16 per share, but it turned out to be -$1.09, a -781.20% surprise. For the quarter, EBITDA amounted to $7.18 million. At the end of the quarter ending June 29, Marathon Digital Holdings Inc.’s stock balance sheet showed total liabilities of 3.35 million. Shareholders own equity worth $99.63 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Marathon Digital Holdings Inc. (MARA) price momentum. RSI 9-day as of the close on 13 October was 69.05%, suggesting the stock is Neutral, with historical volatility in this time frame at 65.27%.

As of today, MARA’s price is $41.10 +12.40% or $4.83 from its 5-day moving average. MARA is currently trading +18.19% higher than its 20-day SMA and +109.62% higher than its 100-day SMA. However, the stock’s current price level is +61.41% above the SMA50 and +257.47% above the SMA200.

The stochastic %K and %D were 88.33% and 88.73%, respectively, and the average true range (ATR) was 2.97. With the 14-day stochastic at 97.57% and the average true range at 2.87, the RSI (14) stands at 64.45%. The stock has reached 3.82 on the 9-day MACD Oscillator while the 14-day reading was at 5.77.

Analyst Ratings

Compass Point launched coverage on Marathon Digital Holdings Inc. (NASDAQ: MARA) in its analyst report released on June 21, 2021. The firm assigned the stock a a Buy rating.The consensus rating for Marathon Digital Holdings Inc. (MARA) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell MARA, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 3 others rate it as a “buy”.

What is MARA’s price target for the next 12 months?

Analysts predict a range of price targets between $48.00 and $87.00, with a median target of $50.00. Taking a look at these predictions, the average price target given by analysts for Marathon Digital Holdings Inc. (MARA) stock is $61.67.


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