The stock of Marathon Digital Holdings Inc (NASDAQ: MARA) has decreased by -2.65 when compared to last closing price of 20.00. Despite this, the company has experienced a 1.04% gain in its stock price over the last five trading sessions. marketbeat.com reported 2024-06-14 that As Bitcoin continues to consolidate within reach of its all-time highs, many investors, speculators, and traders wonder if a breakout is on the horizon. Currently trading at $67,100 per bitcoin and up almost 52% YTD, Bitcoin’s critical short-term support level sits at $66,000, with $72,000 acting as critical resistance.
Is It Worth Investing in Marathon Digital Holdings Inc (NASDAQ: MARA) Right Now?
The price-to-earnings ratio for Marathon Digital Holdings Inc (NASDAQ: MARA) is above average at 8.01x, Company’s 36-month beta value is 5.58.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for MARA is 270.86M, and currently, short sellers hold a 22.97% ratio of that floaft. The average trading volume of MARA on June 17, 2024 was 47.82M shares.
MARA’s Market Performance
The stock of Marathon Digital Holdings Inc (MARA) has seen a 1.04% increase in the past week, with a -3.61% drop in the past month, and a 0.78% gain in the past quarter. The volatility ratio for the week is 8.09%, and the volatility levels for the past 30 days are at 9.10% for MARA. The simple moving average for the last 20 days is -4.25% for MARA stock, with a simple moving average of 15.72% for the last 200 days.
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 3.67% 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 -42.89% of loss for the given period.
Volatility was left at 9.10%, however, over the last 30 days, the volatility rate increased by 8.09%, as shares sank -0.92% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.41% upper at present.
During the last 5 trading sessions, MARA rose by +1.04%, which changed the moving average for the period of 200-days by +42.32% in comparison to the 20-day moving average, which settled at $20.32. In addition, Marathon Digital Holdings Inc saw -17.11% 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 Ouissal Said, who sale 10,217 shares at the price of $20.50 back on Jun 12 ’24. After this action, Ouissal Said now owns 60,046 shares of Marathon Digital Holdings Inc, valued at $209,448 using the latest closing price.
SWAMI ASHU, the Director of Marathon Digital Holdings Inc, sale 11,000 shares at $13.80 during a trade that took place back on Aug 31 ’23, which means that SWAMI ASHU is holding 7,491 shares at $151,833 based on the most recent closing price.
Stock Fundamentals for MARA
Current profitability levels for the company are sitting at:
- -0.25 for the present operating margin
- 0.06 for the gross margin
The net margin for Marathon Digital Holdings Inc stands at 1.21. The total capital return value is set at -0.04. Equity return is now at value 40.07, with 28.42 for asset returns.
Based on Marathon Digital Holdings Inc (MARA), the company’s capital structure generated 0.12 points at debt to capital in total, while cash flow to debt ratio is standing at -0.23. The debt to equity ratio resting at 0.13. The interest coverage ratio of the stock is -45.46.
Currently, EBITDA for the company is 68.94 million with net debt to EBITDA at 0.29. When we switch over and look at the enterprise to sales, we see a ratio of 10.63. The receivables turnover for the company is 59.94for trailing twelve months and the total asset turnover is 0.17. The liquidity ratio also appears to be rather interesting for investors as it stands at 23.07.
Conclusion
In a nutshell, Marathon Digital Holdings Inc (MARA) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
