MARA Stock Performance: A Look at Today’s Trading and Future Forecasts
Marathon Digital Holdings Inc (MARA) is a technology services company in the data processing services industry. In this article, we’ll take a closer look at the performance of MARA’s stock, including its trading activity, growth and valuation metrics, competitors, financials, and future forecasts.
Today’s Trading:
As of 3:12 pm ET on March 21, 2023, Marathon Digital’s stock had an opening price of 7.90, a day’s range of 7.74 to 8.90, and a volume of 1,380,917. The average volume of the last three months is 28,930,326, with a market cap of $891.5M.
Growth & Valuation:
According to the data, Marathon Digital’s earnings growth rate last year was -183.87%. This year’s earnings growth rate is also negative, at -455.22%. However, analysts expect the company to have a positive earnings growth rate of +50.00% over the next five years. The revenue growth rate last year was an impressive +3,353.03%. However, MARA’s P/E ratio is not meaningful (NM), indicating that the company’s earnings are negative.
MARA’s Price/Sales are 21.69, while the Price/Book is 1.15. These ratios suggest that the stock is currently overvalued, but investors should remember that these metrics can vary significantly between industries.
Competitors:
Marathon Digital operates in the data processing services industry, facing competition from companies such as Acacia Research Corp, Atomera Inc, Network-1 Technologies Inc, and Dominari Holdings Inc. As of 3:09 pm ET on March 21, 2023, the stock prices of these competitors changed as follows: ACTG increased by 0.07 (+1.69%), Atomera went up by 0.31 (+4.94%), Network-1 Technologies remained unchanged, and Dominari Holdings Inc surged by 0.12 (+3.67%).
Financials:
MARA’s next reporting date is May 10, 2023, and the EPS forecast for this quarter is -$0.09. Last year, the company generated $150.5M in annual revenue but incurred an annual loss of -$36.2M. The net profit margin of MARA was -24.04%.
Future Forecasts:
Looking ahead, Marathon Digital Holdings Inc’s future forecasts suggest that the company is expected to grow its earnings over the next five years. However, it may take time to achieve profitability. Moreover, the company’s Price/Sales and Price/Book ratios suggest that the stock is currently overvalued, which may concern investors.
MARA Stock Price Forecast: Analysts Expect Moderate Gains in the Next 12 Months
Marathon Digital Holdings Inc (MARA) is a technology services company in the data processing services industry. As of the latest update, five analysts have offered their 12-month price forecasts for MARA, with a median target of 10.00. The high estimate is 20.00, while the low estimate is 4.00. The median estimate represents a +12.61% increase from the current stock price of 8.88.
Investors are eager to know the future of Marathon Digital’s stock price. To better understand the company’s prospects, it’s essential to consider the analysts’ recommendations and the factors that may impact the stock’s performance.
Analyst Recommendations:
The consensus among six polled investment analysts is to buy stock in Marathon Digital Holdings Inc. This rating has remained unchanged since March, indicating that analysts are optimistic about the company’s future growth prospects. However, investors should note that analyst recommendations are not always accurate and can change quickly, so it’s essential to do your research and due diligence before making investment decisions.
Factors that may impact MARA’s stock price:
Several factors can impact Marathon Digital’s stock price in the coming months, including the company’s financial performance, market competition, and broader economic trends. Marathon Digital’s financial results in recent years have been mixed, with negative earnings growth rates in the last year and this year. However, the company has been trying to expand its operations and improve its profitability, which investors may view positively.
Additionally, the company faces competition from other data processing services industry players, which could impact its market share and profitability. Furthermore, broader economic trends, such as changes in interest rates, consumer spending, and market volatility, can impact MARA’s stock price.
Conclusion:
Marathon Digital Holdings Inc’s stock has had a mixed performance, with negative earnings growth rates in the last year and this year. However, according to analysts’ forecasts, the company is expected to have favorable earnings growth rates over the next five years. Investors should monitor the company’s financial results, competition, and broader industry trends.
By staying informed and conducting due diligence, investors can make informed investment decisions and manage their portfolios effectively.
Marathon Digital Holdings Inc is a technology services company in the data processing services industry. The company’s stock price forecast suggests that analysts expect moderate gains in the next 12 months. However, as with any investment, it’s essential to research and considers all the factors that may impact the stock’s performance.
By staying informed about Marathon Digital’s financial results, market competition, and broader economic trends, investors can make informed investment decisions and manage their portfolios effectively.