Marathon Digital Holdings Inc. (NASDAQ:MARA) finished Wednesday with a subtraction of -$0.05 to close at $8.75, a downside of -0.57 percent. An average of 41,025,340 shares of common stock have been traded in the last five days. There was a gain of $1.84 in the past week, and it reached a new high 7 times over the past 12 months. The last 20 days have seen an average of 36,577,934 shares traded, while the 50-day average volume stands at 25,317,148.
MARA stock has increased by 138.42% in the last month. The company shares reached their 1-month lowest point of $3.11 on 12/28/22. With the stock rallying to its 52-week high on 01/24/23, shares of the company touched a low of $3.11 and a high of $32.74 in 52 weeks. It has reached a new high 10 times so far this year and achieved 155.85% or $5.33 in price. In spite of this, the price is down -73.27% from the 52-week high.
Marathon Digital Holdings Inc. (MARA) stock’s beta is 4.97. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 6.22, the price-to-book (PB) ratio at 1.63.
The quick ratio of Marathon Digital Holdings Inc. for the three months ended September 29 was 5.30, and the current ratio was 5.30, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.25 and a total debt to equity ratio of 0.00 for the quarter ending September 29. Its gross profit as reported stood at $116.77 million compared to revenue of $150.46 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 -18.00%.
For the three-month period that ended September 29, Marathon Digital Holdings Inc. had $22.53 million in cash and short-term investments compared to $49.86 million in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$75.42 million in the quarter, while revenues of -$12.96 million were shrunk -44.36%. The analyst consensus anticipated Marathon Digital Holdings Inc.’s latest quarter earnings to come in at -$0.35 per share, but it turned out to be -$0.65, a -85.70% surprise. For the quarter, EBITDA amounted to -$13.01 million. Shareholders own equity worth $116.84 million.
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 25 January was 70.94%, suggesting the stock is Overbought, with historical volatility in this time frame at 180.27%.
As of today, MARA’s price is $8.39 +26.63% or $1.84 from its 5-day moving average. MARA is currently trading +141.71% higher than its 20-day SMA and -26.16% lower than its 100-day SMA. However, the stock’s current price level is -12.32% below the SMA50 and -63.19% below the SMA200.
The stochastic %K and %D were 90.44% and 88.88%, respectively, and the average true range (ATR) was 1.02. With the 14-day stochastic at 86.01% and the average true range at 0.92, the RSI (14) stands at 66.99%. The stock has reached 0.86 on the 9-day MACD Oscillator while the 14-day reading was at 2.00.
Jefferies downgraded Marathon Digital Holdings Inc. (NASDAQ: MARA) to a a Hold rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for Marathon Digital Holdings Inc. (MARA) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell MARA, while 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 4 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 $4.00 and $20.00, with a median target of $11.50. Taking a look at these predictions, the average price target given by analysts for Marathon Digital Holdings Inc. (MARA) stock is $11.64.