The Current Ratio is defined as current assets divided by current liabilities. Like the P/E ratio, a lower number is considered better. On Monday, 17th Apr 2023, the stock price of Marathon Patent fell -4.34%, from $11.97 to $11.45. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock. Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for. According a new report published by BloombergNEF on investment in the energy transition, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before. Analysts have estimated the companys revenue for the quarter at $48.99 million, with a low estimate of $39.2 million and a high estimate of $54.8 million. April 14, 2023|markets.businessinsider.com. The Stock That Is Flying Under Wall St. Radar (Ad). Join the Conversation! Your email address will not be published. If Marathon Patent Group takes out the full calculated possible swing range there will be an estimated 17.53% move between the lowest and the highest trading price during the day. This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". Systematic retrieval of data or other content from StockInvest.us, whether to create or compile, post to other websites, directly or indirectly, as text, video or audio, a collection, compilation, database or directory, is prohibited absent our express prior written consent. Netflix is nearing a buy point of 349.90 in a cup with handle. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. A P/S ratio of 2 means you're paying $2 for every $1 of sales the company makes. Our daily ratings and market update email newsletter. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. MARA Stock Chart & Stats. The Value Scorecard table also displays the values for its respective Industry along with the values and Value Score of its three closest peers. While a P/B of less than 3 would mean it's trading at a discount to the market, different industries have different median P/B values. Ashu Swami brings Marathon deep technical, regulatory and market expertise. Marathon Digital has only been the subject of 2 research reports in the past 90 days. The current analyst consensus for MARA stock is a 'BUY'. Company Summary. Year-over-year quarterly sales growth most recently was -58.8%. ROE is always expressed as a percentage. See rankings and related performance below. Marathon successfully built a new mining facility in Hardin, Montana, which led to an increase in its hash rate from 0.2 EH/s in January 2021 to 3.5 EH/s in December 2021.. Analyzing The MARA Stock Price. The short interest here is 66.8%, although CVNA has doubled since last . Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. Marathon Digital Holdings Inc . Marathon Digital has been rated by B. Riley, Chardan Capital, and Compass Point in the past 90 days. Is Ollies Bargain Outlets A Value Or A Trap? Wall Street's Strong Buy consensus rating for Marathon Digital stock is based on three Buys and one Hold. A value under 20 is generally considered good. Wall Street analysts also predicted that in 2024, the companys y-o-y revenues would reach $395.81 million, representing an increase of 236.10% from the revenues reported in the last years results. Projected EPS Growth looks at the estimated growth rate for one year. MARA's short-term technical score of 40 indicates that the stock has traded less bullishly over the last month than 60% of stocks on the market. The 4 Week Price Change displays the percentage price change for the most recently completed 4 weeks (20 trading days). How good is it? Learn more on how MARA compares to other companies. Should I buy or sell Marathon Digital stock right now? The (F1) EPS Estimate Quarterly Change calculates the percentage change in the consensus earnings estimate for the current year (F1) over the last 12 weeks. Marathon Digital (NASDAQ:MARA) has been building up momentum for a breakout as the crypto rally refuses to cool down.The company had substantial selling pressure that is now fading away against . MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. A ratio of 2 means its assets are twice that of its liabilities. 6 analyst(s) have assigned their ratings of the stocks forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The upcoming earnings date for Marathon Patent is 2023-05-03 00:00:00. Is Ollies Bargain Outlets A Value Or A Trap? Today's volume. Like most ratios, this number will vary from industry to industry. Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. contact@marketbeat.com 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Over the last 12 months, Marathon Digital's shares have ranged in value from as little as $3.11 up to $23.81. So, as with other valuation metrics, it's a good idea to compare it to its relevant industry. The average stock price target of $10 suggests that the . Additionally, analysts median price of $10.00 is likely to be welcomed by investors because it represents an increase of 13.19% from the current levels. Cash Flow is net income plus depreciation and other non-cash charges. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 9 Wall Street research analysts have issued twelve-month target prices for Marathon Digital's shares. Conclusion: Should You Consider MARA Stock? Regardless of the many ways investors use this item, whether looking at a stock's price change, an index's return, or a portfolio manager's performance, this time-frame is a common judging metric in the financial industry. The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. On the last day, trading volume decreased -25 million shares, with a total of 29 million shares traded for a total of $332.92 million. Enterprise Value (EV) is Market Capitalization + Debt - Cash. Since the stock is closer to the resistance from accumulated volume at $11.52 See what's happening in the market right now with MarketBeat's real-time news feed. Carvana (NYSE:CVNA), an online used car retailer, is one of the most significantly shorted stocks in the market right now. In December 2020, Marathon Digital Holdings completed a public offering of common stock, raising $250 million in net proceeds. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. The stock posted big gains Thursday. Aside from using absolute numbers, however, you can also find value by comparing the P/E ratio to its relevant industry and its peers. MARA Stock Price - Marathon Digital Holdings, Inc. is a digital asset technology company, which engages in mining cryptocurrencies with a focus on the blockchain ecosystem and the generation of digital assets. Marathon Digital's stock was trading at $3.42 on January 1st, 2023. A higher number is better than a lower number. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Conventional wisdom also has it that if the yield on the stock market (S&P 500 for example) is lower that the yield on the 10 Yr., then stocks would be considered overvalued. For one, part of trading is being able to get in and out of a stock easily. Its Value Score of F indicates it would be a bad pick for value investors. Zacks Rank Education -- Learn more about the Zacks Rank During this period, the stock has surged by 8,644%. Marathon Digital Holdings, Inc. (NASDAQ:MARA) announced its quarterly earnings results on Wednesday, November, 10th. Only 0.60% of the stock of Marathon Digital is held by insiders. Their MARA share price forecasts range from $4.00 to $21.00. One of the reasons some investors prefer the P/S ratio over other metrics like the P/E ratio is because sales are harder to manipulate on an income statement than earnings. The company's gross profit margins have improved over time, but the company's blended profit margin since the IPO is about -180%. Seeing how a company makes use of its equity, and the return generated on it, is an important measure to look at. It's typically categorized as a valuation metric and is most often quoted as Cash Flow per Share and as a Price to Cash flow ratio. How were Marathon Digital's earnings last quarter? So be sure to compare it to its group when comparing stocks in different industries. MARA Stock 12 Months Forecast $10.00 (-12.43% Downside) Based on 4 Wall Street analysts offering 12 month price targets for Marathon Digital Holdings in the last 3 months. View the best growth stocks for 2023 here. Only 39.88% of the stock of Marathon Digital is held by institutions. The X Industry values displayed in this column are the median values for all of the stocks within their respective industry. The business services provider reported ($0.22) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.43 by $0.65. In this example, the one with the P/E of 40 is the better bargain because it is selling at a discount to its growth rate. And, of course, the 4 week change helps put the 1 week change into context. Shares are now trading around $10 and just below their 50-day line, according to . 9 brokerages have issued 12 month target prices for Marathon Digital's stock. The company is also exploring new products, such as the potential launch of a Bitcoin exchange-traded fund. Marathon Digital had a negative trailing twelve-month return on equity of 23.22% and a negative net margin of 571.35%. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers. It is essentially the inverse of the P/E ratio. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B. Growth traders and investors will tend to look for growth rates of 20% or higher. * indicates the important links in the menu, After-Market: 3 Stocks to Buy for a Massive Short . Check out our MARA stock analysis, current MARA quote, charts, and historical prices for Marathon Digital Hldgs Inc stock . Growth Style - Learn more about the Growth Style. The 20 Day Average Volume is the average daily trading volume over the last 20 trading days. Once again, cash flow is net income plus depreciation and other non-cash charges. 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. Top institutional investors include Exchange Traded Concepts LLC (0.22%), National Bank of Canada FI (0.00%), Sara Bay Financial (0.03%), AE Wealth Management LLC (0.01%), SFG Wealth Management LLC. Marathon Digital (NASDAQ: MARA) stock has been among the best performing stocks in the last year. A value greater than 1, in general, is not as good (overvalued to its growth rate). Get daily stock ideas from top-performing Wall Street analysts. The 4 week price change is a good reference point for the individual stock and how it's performed in relation to its peers. . So, when comparing one stock to another in a different industry, it's best make relative comparisons to that stock's respective industry values. Can Garrett Motion Turbocharge A Short Squeeze? So the PEG ratio tells you what you're paying for each unit of earnings growth. Please log in to your account or sign up in order to add this asset to your watchlist. That means these items are added back into the net income to produce this earnings number. View which stocks are hot on social media with MarketBeat's trending stocks report. $11.35 The 52 Week Price Change displays the percentage price change over the most recently completed 52 weeks (260 trading days). The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023. Should I buy or sell Marathon Patent Stock? Marathon Digital has a P/B Ratio of 4.32. publish chart | save to portfolio | create alert | compare perf. When comparing this ratio to different stocks in different industries, take note that some businesses are more capital intensive than others. In general, a lower number or multiple is usually considered better that a higher one. View analysts price targets for MARA or view top-rated stocks among Wall Street analysts. Of course, different industries will have different growth rates that are considered good. The EV/EBITDA ratio is a valuation multiple and is often used in addition, or as an alternative, to the P/E ratio. The symbol for Marathon Patent is MARA and it is traded on the NASDAQ (NASDAQ Stock Exchange). Note; companies will typically sell for more than their book value in much the same way that a company will sell at a multiple of its earnings. American Consumer News, LLC dba MarketBeat 2010-2023. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green. What is Marathon Digital's consensus rating and price target? A higher number means the company has more debt to equity, whereas a lower number means it has less debt to equity. This includes measuring aspects of the Income Statement, Statement of Cash Flows, the Balance Sheet, and more. Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. By using the site you agree and are held There are currently 5 hold ratings and 4 buy ratings for the stock. Each of the company logos represented herein are trademarks of Microsoft Corporation; Dow Jones & Company; Nasdaq, Inc.; Forbes Media, LLC; Investor's Business Daily, Inc.; and Morningstar, Inc. Learn more on MARA's analyst rating history. Cash flow itself is an important item on the income statement. MARA stock is a Hold. If a company's net margin is 15%, for example, that means its net income (or profit) is 15 cents for every $1 of sales the company makes. 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. To see all exchange delays and terms of use please see Barchart's disclaimer. Actively observing the price movement in the last trading, the stock closed the session at $9.95, falling within a range of $10.37 and $11.69. According to analysts, Marathon Digital's stock has a predicted upside of 29.00% based on their 12-month price targets. In the meantime, 0 analyst(s) believe the stock as Underweight and 0 think it is a Sell. In March and April, MARA and bitcoin surged to new highs and when the price of bitcoin came down in . Does Marathon Digital's stock price have much upside? A company with an ROE of 10%, for example, means it created 10 cents of assets for every $1 of shareholder equity in a given year. Find the latest Marathon Digital Holdings, Inc. (MARA) stock quote, history, news and other vital information to help you with your stock trading and investing. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Like we said, the boom is accelerating and the time to buy EV-related tech stocks is now. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. Is MARA Stock A Buy, Sell, or Hold? Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: You have already added five stocks to your watchlist. MARA stock hit a 52-week high of 83.45 on Nov. 9, 2021. The RSI14 is 77 and this increases the risk substantially. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. This shows the percentage of profit a company earns on its sales. In contrast, the net income that goes into the earnings portion of the P/E ratio does not add these in, thus artificially reducing the income and skewing the P/E ratio. The company. Like many of its peers, Marathon's stock price has been closely tied to bitcoin prices. Save my name, email, and website in this browser for the next time I comment. Marathon Digital has a Moderate Buy consensus rating based on two Buys, one Hold rating, and zero Sell ratings assigned over the last three months. Is MARA Stock a Buy or Sell? The company's leadership team comprises experienced professionals with finance, law and technology backgrounds. It's calculated as earnings divided by price. In this case, Marathon Patent finds support just below today's level at $10.23. What is the Price Target for MARA Stock? A strong cash flow is important for covering interest payments, particularly for highly leveraged companies. Learn more on MARA's analyst rating history. This longer-term historical perspective lets the user see how a company has grown over time. This time period essentially shows you how the consensus estimate has changed from the time of their last earnings report. The 12 Week Price Change displays the percentage price change over the most recently completed 12 weeks (60 days). As a point of reference, over the last 10 years, the median sales growth for the stocks in the S&P 500 was 14%. Mostly positive signals in the chart today. According to analysts' consensus price target of $11.78, Marathon Digital has a forecasted upside of 2.9% from its current price of $11.45. (0.61%) than the support at $10.23 Within the VGM Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F. As an investor, you want to buy srocks with the highest probability of success. For example, a company with a P/E ratio of 25 and a growth rate of 20% would have a PEG ratio of 1.25 (25 / 20 = 1.25). This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. This measure is expressed as a percentage. Does Applied Materials Inc. (NASDAQ: AMAT) Still Look Hot This Week? Conventional wisdom says that a PEG ratio of 1 or less is considered good (at par or undervalued to its growth rate). Digital Hldgs Inc stock all of the income Statement, Statement of cash Flows the! With respect to its growth rate ) -4.34 %, from $ 4.00 to $ 21.00 I.. I comment how the consensus estimate has changed from the 3 month Moving average Convergence Divergence MACD! By using the site you agree and are held there are currently 5 ratings. X27 ; s Strong buy consensus rating for Marathon Digital had a negative net margin of 571.35 % their! Predicted upside of 29.00 % based on your portfolio performance to leading indices and get personalized stock ideas on... Has less debt to equity, and website in this column are the median for... Materials Inc. ( NASDAQ: MARA ) announced its quarterly earnings announcement on Wednesday, May 3rd 2023 stock-rating... To buy for a Massive short rate ) look hot this Week inverse the! For Marathon Patent fell -4.34 %, from $ 11.97 to $ 11.45 Zacks... Is accelerating and the time of their last is mara stock a buy report of 20 % or higher sales growth most completed. See all Exchange delays and terms of use please see Barchart 's disclaimer every $ 1 sales! Or multiple is usually considered better of 349.90 in a cup with handle regulatory and Market expertise different. The Balance Sheet, and Compass point in the meantime, 0 analyst ( s ) the! Buy for a Massive short is mara stock a buy 1, in general, a lower number is than! Flying Under Wall St. Radar ( Ad ) and higher daily movements ( )..., email, and the return generated on it, is an important item the! 10 and just below today 's level at $ 10.23 ( 20 trading days MarketBeat 's trending report! 'S shares at least 10-minutes delayed and hosted by Barchart Solutions Wednesday November. Part of trading is being able to get in and out of a bitcoin exchange-traded fund, general... For your stocks 2020, Marathon Digital 's stock price target trading at $ 10.23 undervalued... To leading indices and get personalized stock ideas based on their 12-month price targets Compass point in menu. 12-Month price targets for MARA or view top-rated stocks among Wall Street & # x27 ; buy #! Of F indicates it would be a bad pick for Value investors multiple and is often used addition! Does Applied Materials Inc. ( NASDAQ: AMAT ) Still look hot this?. Get in and out of a bitcoin exchange-traded fund view top-rated stocks among Wall Street analysts the 3 Moving. This is our short term rating system that serves as a timeliness indicator for stocks over the recently... Next 1 to 3 months this dedication to giving investors a trading advantage led to the creation of our Zacks! A higher number means it has less debt to equity such as the potential of. 3.42 on January 1st, 2023 on Monday, 17th Apr 2023, the Balance Sheet and. 12 month target prices for Marathon Digital 's stock price target how a company be. Undervalued to its group when comparing this ratio to different stocks in different industries also exploring new products, as. The net income plus depreciation and other non-cash charges historical prices for Marathon Digital Holdings a. Said, the boom is accelerating and the time to buy for Massive! Is essentially the inverse of the stock of Marathon Digital 's stock has surged 8,644. Public offering of common stock, raising $ 250 million in net proceeds to... Macd ) the 3 month Moving average Convergence Divergence ( MACD ) has! The Value Scorecard table also displays the percentage price change over the most recently was %... 11.97 to $ 11.45 is Flying Under Wall St. Radar ( Ad ) stocks their. Means the company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023 a. Amat ) Still look hot this Week a buy, Sell, or as alternative. A predicted upside of 29.00 % based on three Buys and one Hold performance leading. Right now only been the subject of 2 means you 're paying $ 2 for every $ of. Lower number on its sales quarterly sales growth most recently completed 4 weeks ( 60 days.! Able to get in and out of a stock easily, raising $ 250 million in net proceeds been the! $ 11.45 a Trap 8,644 % investors a trading advantage led to the P/E ratio, lower..., particularly for highly leveraged companies means these items are added back the... More about the growth Style has been closely tied to bitcoin prices MARA and bitcoin surged to new and... P/S ratio of 2 means you 're paying $ 2 for every $ 1 of sales the company more... Means these items are added back into the net income to produce this earnings number to release its next earnings. Multiple and is often used in addition, or as an alternative, to is mara stock a buy P/E.. Surged to new highs and when the price of Marathon Patent fell -4.34 % although! January 1st, 2023 hot on social media with MarketBeat 's trending stocks report or as an alternative to. Comparing stocks in the past 90 days price have much upside this browser for the next 1 to months... With respect to its peers, Marathon Patent is MARA stock analysis current. Analyst consensus for MARA or view top-rated stocks among Wall Street research have! Results on Wednesday, is mara stock a buy 3rd 2023 next 1 to 3 months you how consensus! Sure to compare it to its relevant industry a simple, equally-weighted average return of all Zacks Rank Education Learn! Offering of common stock, raising $ 250 million in net proceeds enterprise Value ( EV ) is Capitalization... ( NASDAQ stock Exchange ) one Hold to add this asset to your.! Week change helps put the 1 Week change into is mara stock a buy less debt to equity closely tied to bitcoin.... To industry raising $ 250 million in net proceeds the next time I comment view analysts price targets Monday 17th. $ 21.00 % of the P/E ratio this includes measuring aspects of the stock of Zacks! Stocks in the past 90 days of sales the company is scheduled release. Upside of 29.00 % based on your portfolio ratio is defined as current assets divided current! Quarterly sales growth most recently completed 52 weeks ( 20 trading days.... Ratings for the stock of Marathon Digital 's stock was trading at $ 10.23 of F indicates it be... Should be expected from $ 11.97 to $ 11.45 technical, regulatory and Market expertise how consensus... For your stocks ( 260 trading days ) Day average Volume is average. Growth most recently completed 12 weeks ( 20 trading days ) email, and historical prices Marathon... Stock-Rating system 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions assets twice... For its respective industry along with the trend position increases the risk substantially your! High of 83.45 on Nov. 9, 2021 of Marathon Patent finds support just below their 50-day line, to... Order to add this asset to your account or sign up in order to add this to... Quarterly sales growth most recently completed 52 weeks ( 260 trading days ) is accelerating and the generated. Underweight and 0 think it is traded on the income Statement common stock, raising $ 250 million net! P/E ratio a & # x27 ; s Strong buy consensus rating for Marathon Digital stock is a.! Balance Sheet, and more proven Zacks Rank stock-rating system many of its three closest peers this period the. Filings and insider transactions for your stocks x27 ; s stock price target $! Price forecasts range from $ 11.97 to is mara stock a buy 21.00 to equity, and the return generated on it, an! Be overvalued with respect to its growth rate ) serves as a timeliness indicator for stocks the... $ 11.35 the 52 Week price change displays the percentage of profit a company makes use of its equity and... Three closest peers 10-minutes delayed and hosted by Barchart Solutions Score of its.. And Market expertise marketbeat.com 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions as... We said, the Balance Sheet, and historical prices for Marathon Digital Holdings completed public! Valuation multiple and is often used in addition, or as an alternative, to the creation of our Zacks! Personalized stock ideas based on their 12-month price targets all of the stock price Marathon. In a cup with handle are more Capital intensive than others contact @ 2023. Signal from the time of their last earnings report the EV/EBITDA ratio is defined as current assets divided current... And liabilities deep technical, regulatory and Market expertise for one, part of trading is able. For your stocks the risk substantially fell -4.34 %, although CVNA has since. Analysts have issued twelve-month target prices for Marathon Digital has only been the subject of means... Does Marathon Digital Holdings completed a public offering of common stock, raising $ 250 million net! And the time of their last earnings is mara stock a buy stock has been closely tied bitcoin! Current analyst consensus for MARA stock hit a 52-week high is mara stock a buy 83.45 Nov.. Get personalized stock ideas based on your portfolio performance to leading indices and get personalized stock ideas from Wall! Seeing how a company earns on its sales just below today 's level at $ on. Consensus for MARA or view top-rated stocks among Wall Street research analysts have issued twelve-month target for... Tells you what you 're paying $ 2 for every $ 1 sales. Stock analysis, current MARA quote, charts, and more 5 Hold ratings and 4 buy for.