When comparing this ratio to different stocks in different industries, take note that some businesses are more capital intensive than others. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service. A popular way to gauge a stock's volatility is its "beta". What's the current price of Marathon Patent Stock? Others look for those that have lagged the market, believing those are the ones ripe for the biggest increases to come. 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 is rated as a Hold by 3 analyst(s), 3 recommend it as a Buy and 0 called the MARA stock Overweight. To see all exchange delays and terms of use please see Barchart's disclaimer. You can buy and sell Marathon Digital (MARA) and other stocks, ETFs, and options commission-free on Robinhood with real-time quotes, market data, and relevant news. Growth traders and investors will tend to look for growth rates of 20% or higher. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. The business services provider reported ($0.22) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.43 by $0.65. When is Marathon Digital's next earnings date? The median P/B ratio for stocks in the S&P is just over 3. A value greater than 1, in general, is not as good (overvalued to its growth rate). Marathon Digital has a P/B Ratio of 4.32. First, it announced an upsized $650 million . 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. The 20 day average establishes this baseline. Marathon Digital shares are trading higher amid a rise in Bitcoin. Other Robinhood Financial fees may apply, check rbnhd.co/fees for details. Receive MARA Stock News and Ratings via Email. Their MARA share price forecasts range from $4.00 to $21.00. The most common way this ratio is used is to compare it to other stocks and to compare it to the 10 Year T-Bill. Get short term trading ideas from the MarketBeat Idea Engine. But note, different industries have different margin rates that are considered good. There are currently 5 hold ratings and 4 buy ratings for the stock. 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 . The company's leadership team comprises experienced professionals with finance, law and technology backgrounds. It's another great way to determine whether a company is undervalued or overvalued with the denominator being cash flow. Aside from using absolute numbers, however, you can also find value by comparing the P/E ratio to its relevant industry and its peers. As they say, 'price follows volume'. The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023. But the stock has since pulled back significantly. Marathon Digital Holdings Inc ( MARA) has fallen Monday morning, with the stock losing -4.59% in pre-market trading to 11.42. If the P/S ratio is 1, that means you're paying $1 for every $1 of sales the company makes. It's packed with all of the company's key stats and salient decision making information. The 1 week price change reflects the collective buying and selling sentiment over the short-term. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Data on historical trading for Marathon Digital Holdings Inc. (NASDAQ:MARA) indicates that the trading volumes over the past 10 days have averaged 33.97 million and over the past 3 months, theyve averaged 36.14 million. Year-over-year quarterly sales growth most recently was -58.8%. The Growth Scorecard evaluates sales and earnings growth along with other important growth measures. Investors use this metric to determine how a company's stock price stacks up to its intrinsic value. It's calculated as earnings divided by price. Copyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. Learn more about Zacks Equity Research reports. Marathon Digital Holdings' (NASDAQ: MARA) stock plunged 27% on Nov. 15 after the Bitcoin (CRYPTO: BTC) mining company made two surprising announcements. The Projected Sales Growth (F1/F0) looks at the estimated growth rate for the current year. Motley Fool Issues Rare Triple-Buy Alert; This Stock Could Be Like Buying Amazon for $3.19; U.S. Less than 1 means its liabilities exceed its short-term assets (cash, inventory, receivables, etc.). 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's mailing address is 1180 North Town Center Drive Suite 100, LAS VEGAS NV, 89144. Marathon Digital Holdings Inc's trailing 12-month revenue is $117.8 million with a -583.2% profit margin. When is the next earnings date for Marathon Patent? Mostly positive signals in the chart today. A correction down in the nearby future seems very likely, and it is of great importance that the stock manages to break the trend before that occurs. On Monday, 17th Apr 2023, the stock price of Marathon Patent fell -4.34%, from $11.97 to $11.45. This NASDAQ Stock Has Been On The Move In 2023 And It Looks Like Its Far From Over! 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 is owned by many different institutional and retail investors. Know what industry insiders are buying. To learn more, click here. Learn more on MARA's analyst rating history. While the hover-quote on Zacks.com, as well as the various tables, displays the delayed intraday quote and price change, this display shows the daily change as of the most recently completed trading day. 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. We use cookies to understand how you use our site and to improve your experience. A break-up at the top trend line at $12.00 will firstly indicate a stronger rate of rising. contact@marketbeat.com These risks could impact the company's ability to mine digital assets and generate revenue. Wall Street's Strong Buy consensus rating for Marathon Digital stock is based on three Buys and one Hold. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. Zacks Ranks stocks can, and often do, change throughout the month. $10.86 What is Marathon Digital's consensus rating and price target? Upgrade to MarketBeat All Access to add more stocks to your watchlist. The company's leadership team comprises experienced professionals with finance, law and technology backgrounds. The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. Open Broker Account. This suggests a possible upside of 20.6% from the stock's current price. It measures a company's ability to pay short-term obligations. According to 14 analysts, the average rating for MARA stock is "Buy." The 12-month stock price forecast is $12.58, which is an increase of 51.38% from the latest price. Since cash can't be manipulated like earnings can, it's a preferred metric for analysts. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. 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. The Price to Book ratio or P/B is calculated as market capitalization divided by its book value. This is also referred to as the cash yield. One of the reasons why some investors prefer the P/CF ratio over the P/E ratio is because the net income of the cash flow portion rightly adds depreciation and amortization back in since these are not cash expenditures. In the past three months, Marathon Digital insiders have not sold or bought any company stock. Further fall is indicated until a new bottom pivot has been found. Visit www.zacksdata.com to get our data and content for your mobile app or website. Traditionally, investors would look at the stock with the lower P/E and deem it a bargain. Can Garrett Motion Turbocharge A Short Squeeze? If the volume is too light, in absolute terms or for a relatively large position, it could be difficult to execute a trade. While the one year change shows the current conditions, the longer look-back period shows how this metric has changed over time and helps put the current reading into proper perspective. It is used to help gauge a company's financial health. Marathon Digital has been rated by B. Riley, Chardan Capital, and Compass Point in the past 90 days. Ashu Swami joins Marathon Digital Holdings from his previous employer Core Scientific, where he served as the chief product officer, leading the company's foray into DeFi and heading mining hardware and software optimization. View which stocks are hot on social media with MarketBeat's trending stocks report. here for our free guide on how to buy Marathon Patent Stock. The 1 Week Price Change displays the percentage price change over the last 5 trading days using the most recently completed close to the close from 5 days before. Marathon Digital Holdings is a digital asset technology company which mines cryptocurrencies, with a focus on the blockchain ecosystem and the generation of digital assets . Shareholder Equity (which is the difference between Total Assets and Total Liabilities) can be found on the Balance Sheet. These returns cover a period from January 1, 1988 through March 6, 2023. 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. Historical EPS Growth Rate looks at the average annual (trailing 12 months) EPS growth rate over the last 3-5 years of actual earnings. to move between $10.45 and $12.45, 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. This is also commonly referred to as the Asset Utilization ratio. This suggests a possible upside of 2.9% from the stock's current price. Learn more on how MARA compares to other companies. Candle - advanced Intraday Daily Weekly Monthly Draw Fullscreen Settings MARA - Stock Price Chart MARA [NASD] Marathon Digital Holdings Inc, also known as Marathon Patent Group, is a digital asset technology company based in Las Vegas, Nevada. 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. This shows the percentage of profit a company earns on its sales. Cash flow itself is an important item on the income statement. The income number is listed on a company's Income Statement. 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. Why This Bitcoin Mining Stock Is a Bargain Buy RJ Fulton |. Marathon Patent Stock Prediction and Forecast [MARA]Marathon Patent price prediction was made for Tuesday, April 18, 2023 Check the most recent MARA analys. Marathon Digital Holdings, Inc. (NASDAQ:MARA) announced its quarterly earnings results on Wednesday, November, 10th. The stock posted big gains Thursday. April 14, 2023|markets.businessinsider.com. Moreover, when comparing stocks in different industries, it can become even more important to look at the relative measures, since different stocks in different industries have different values that are considered normal. 326 E 8th St #105, Sioux Falls, SD 57103 Of note is the ratio of MARATHON DIGITAL HOLDINGS INC's sales and general administrative expense to its total operating expenses; only 3.36% of US stocks have a lower such ratio. Get 30 Days of MarketBeat All Access Free, By creating a free account, you agree to our, 3 Dividend Stocks with a Yield Above 5% That Are on Sale Now, Charles Schwab's Recovery Just Shifted Gears, Digital Realty Offers Growth and Income with a Wide Moat, These 2 Fabless Chip Stocks Are Among The Market's Top Performers, Why State Street Stock Is Sliding After Announcing Earnings, The Top 2 Chip Stocks Going Into Earnings Season, Here are 2 Top Drug Makers Leading the Way in Weight Loss Drugs, Why Restaurant Stocks are the Stocks to Buy Right Now, How MarketBeat Calculates Price Target and Consensus Rating, Average Share Price and Price Target by Month Chart Description, Subscribe to MarketBeat All Access for the recommendation accuracy rating. All of those stocks are classified into three groups: Sector, M Industry and X Industry. Marathon Digital Holdings has experienced growth issues since its inception, with the stock price dropping from its IPO price of $100 to around $8. Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports. It takes the consensus sales estimate for the current fiscal year (F1) divided by the sales for the last completed fiscal year (F0) (actual if reported, the consensus if not). But, it's made even more meaningful when looking at the longer-term 4 week percent change. As of the 2023-04-17, the market capitalization of Marathon Patent is 937.073M. The change is made all the more important the closer proximity it is to the stock's earnings date since it is generally believed that the most recent estimates are the most accurate since it's using the most up-to-date information leading up to the report. Zacks Premium - The way to access to the Zacks Rank. 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. And 1 special character s Strong buy consensus rating for Marathon Digital 's consensus rating and target... Zacks Ranks stocks can, it 's a preferred metric for analysts of 20.6 % from stock... 2023 Zacks Investment Research | 10 s Riverside Plaza Suite # 1600 | Chicago IL!, you accept our use of cookies, revised Privacy Policy and Terms of Service is mara stock a buy generate.... This shows the percentage of profit a company 's vital statistics revenue $... 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