The stock of Marathon Digital Holdings Inc (MARA) has seen a -12.59% decrease in the past week, with a -18.22% drop in the past month, and a -28.08% decrease in the past quarter. The volatility ratio for the week is 7.61%, and the volatility levels for the past 30 days are at 9.08% for MARA. The simple moving average for the last 20 days is -18.62% for MARA stock, with a simple moving average of 0.81% for the last 200 days.
Is It Worth Investing in Marathon Digital Holdings Inc (NASDAQ: MARA) Right Now?
Marathon Digital Holdings Inc (NASDAQ: MARA) has a higher price-to-earnings ratio of 14.33x compared to its average ratio, The 36-month beta value for MARA is at 5.38. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for MARA is 277.89M, and currently, shorts hold a 15.46% of that float. The average trading volume for MARA on April 15, 2024 was 71.74M shares.
MARA) stock’s latest price update
Marathon Digital Holdings Inc (NASDAQ: MARA)’s stock price has decreased by -8.47 compared to its previous closing price of 17.60. However, the company has seen a -12.59% decrease in its stock price over the last five trading sessions. Schwab Network reported 2024-04-12 that Marathon Digital (MARA) is pulling back today. Alex Coffey and Ben Lichtenstein discuss why this may be happening.
Analysts’ Opinion of MARA
Many brokerage firms have already submitted their reports for MARA stocks, with BTIG Research repeating the rating for MARA by listing it as a “Buy.” The predicted price for MARA in the upcoming period, according to BTIG Research is $27 based on the research report published on January 17, 2024 of the current year 2024.
Bernstein, on the other hand, stated in their research note that they expect to see MARA reach a price target of $8.30. The rating they have provided for MARA stocks is “Mkt Perform” according to the report published on October 31st, 2023.
JP Morgan gave a rating of “Underweight” to MARA, setting the target price at $5 in the report published on October 11th of the previous year.
MARA Trading at -26.73% from the 50-Day Moving Average
After a stumble in the market that brought MARA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -52.74% of loss for the given period.
Volatility was left at 9.08%, however, over the last 30 days, the volatility rate increased by 7.61%, as shares sank -11.63% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.14% lower at present.
During the last 5 trading sessions, MARA fell by -12.59%, which changed the moving average for the period of 200-days by +20.40% in comparison to the 20-day moving average, which settled at $19.69. In addition, Marathon Digital Holdings Inc saw -31.42% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at MARA starting from SWAMI ASHU, who sale 11,000 shares at the price of $13.80 back on Aug 31 ’23. After this action, SWAMI ASHU now owns 7,491 shares of Marathon Digital Holdings Inc, valued at $151,833 using the latest closing price.
Ouissal Said, the Director of Marathon Digital Holdings Inc, sale 5,000 shares at $11.80 during a trade that took place back on Aug 23 ’23, which means that Ouissal Said is holding 10,217 shares at $59,000 based on the most recent closing price.
Stock Fundamentals for MARA
Current profitability levels for the company are sitting at:
- -0.15 for the present operating margin
- 0.1 for the gross margin
The net margin for Marathon Digital Holdings Inc stands at 0.67. The total capital return value is set at -0.03. Equity return is now at value 26.09, with 16.39 for asset returns.
Based on Marathon Digital Holdings Inc (MARA), the company’s capital structure generated 0.17 points at debt to capital in total, while cash flow to debt ratio is standing at -0.49. The debt to equity ratio resting at 0.2. The interest coverage ratio of the stock is -11.16.
Currently, EBITDA for the company is 68.94 million with net debt to EBITDA at -0.52. When we switch over and look at the enterprise to sales, we see a ratio of 11.67. The receivables turnover for the company is 185.32for trailing twelve months and the total asset turnover is 0.19. The liquidity ratio also appears to be rather interesting for investors as it stands at 30.51.
Conclusion
In conclusion, Marathon Digital Holdings Inc (MARA) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
