Is Marathon Digital Holdings Inc. (MARA) Stock Cheap Or Risky?

0
1

As of Wednesday close, Marathon Digital Holdings Inc.’s (NASDAQ:MARA) stock was up $0.06, moving up 0.93 percent to $6.48. The average number of shares traded per day over the past five days has been 21,364,199 shares. 2 times new highs have been achieved over the past 5 days, with a -$1.83 fall in that time frame. In the last twenty days, the average volume was 20,159,314, while in the previous 50 days, it was 17,749,197.

Since last month, MARA stock retreated -56.10%. Shares of the company fell to $6.11 on 11/22/22, the lowest level in the past month. A 52-week high of $57.70 was reached on 01/04/22 after having rallying from a 52-week low of $5.20. Since the beginning of this year, MARA’s stock price has dropped by -80.28% or -$26.38, and marked a new high 2 times. However, the stock has declined by -88.77% since its 52-week high.


China Can't Stop US$0.25 Stock from Mining Ultra-Rare Metal

Here's one little-known company — trading undiscovered below 25-cents per share — that's advancing one of the largest and highest quality REE deposits in all of North America... and the Chinese can't do a damn thing about it! It's early stage... and that's excellent news for individual investors like you who have the foresight to act decisively on an emerging megatrend that's already being measured in the Tens of $Billions.

Simply click here and the name & trading symbol are yours.

Sponsored


MARA stock investors should be aware that Marathon Digital Holdings Inc. (MARA) stock had its last reported insider trading activity 94 days ago on Aug 23. DENUCCIO KEVIN A, the Director of the company, purchased of 5,000 shares for $13.72 on Aug 23. It resulted in a $68,600 investment by the insider. DENUCCIO KEVIN A added 15,424 shares at an average price of $9.63 on May 12. The insider now owns 99,999 shares following the transaction. On Dec 28, Executive Chairman OKAMOTO MERRICK D sold 83,333 shares at $37.02 apiece. The transaction was valued at $3,084,988.

Valuation Metrics

The stock’s beta is 4.82. Besides these, the trailing price-to-sales (P/S) ratio of 5.44, the price-to-book (PB) ratio of 1.21.

Financial Health

In the three months ended September 29, Marathon Digital Holdings Inc.’s quick ratio stood at 5.30, while its current ratio was 5.30, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 1.25. On the profitability front, the trailing twelve-month gross margin is 18.50% percent. Based on annual data, MARA earned $116.77 million in gross profit and brought in $150.46 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -7.70%. Return on equity (ROE) for the past 12 months was -39.20%.

In Marathon Digital Holdings Inc.’s quarter-end financial report for September 29, it reported total debt of $729.38 million against cash and short-term investments of $259.03 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. MARA’s revenue rose 82.31% to $60.28 million during the quarter, while net income inched up to $51.72 million. While analysts expected Marathon Digital Holdings Inc. to report -$0.35 quarterly earnings, the actual figure was -$0.65 per share, beating the consensus estimate by -85.70%. During the quarter, the company generated -$13.01 million in EBITDA. The liabilities of Marathon Digital Holdings Inc. were 850.68 million at the end of its most recent quarter ended September 29, and its total debt was $782.62 million. The value of shareholders’ equity is $116.84 million.

Technical Picture

This quick technical analysis looks at Marathon Digital Holdings Inc.’s (MARA) price momentum. With a historical volatility rate of 100.34%, the RSI 9-day stood at 20.61% on 23 November.

With respect to its five-day moving average, the current Marathon Digital Holdings Inc. price is down by -22.02% percent or -$1.83. At present, MARA shares trade -53.01% below its 20-day simple moving average and +6.75% percent above its 100-day simple moving average. However, the stock is currently trading approximately -48.57% below its SMA50 and -75.39% below its SMA200.

Stochastic coefficient K was 4.38% and Stochastic coefficient D was 2.49%, while ATR was 0.93. Given the Stochastic reading of 6.93% for the 14-day period, the RSI (14) reading has been calculated as 27.58%. As of today, the MACD Oscillator reading stands at -1.60, while the 14-day reading stands at -2.39.

Analyst Ratings

Marathon Digital Holdings Inc. downgraded its rating on Marathon Digital Holdings Inc. (NASDAQ: MARA) to a Neutral in a note to investors on September 23, 2022. The analysts firm previously had a Buy rating on the stock.Marathon Digital Holdings Inc. (MARA) has been rated Overweight by analysts. According to 0 brokerage firms, MARA is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Marathon Digital Holdings Inc. stock as buy, with 5 recommending it as overweight.

With a median target price of $17.00, the current consensus forecast for the stock is $8.00 – $22.00. Based on these forecasts, analysts predict Marathon Digital Holdings Inc. (MARA) will achieve an average price target of $15.43.

LEAVE A REPLY

Please enter your comment!
Please enter your name here