Marathon Digital Holdings, Inc. (NASDAQ:MARA – Get Free Report) has earned a consensus rating of “Hold” from the eight analysts that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $21.11.
A number of brokerages have issued reports on MARA. BTIG Research upgraded Marathon Digital from a “neutral” rating to a “buy” rating and set a $27.00 price target for the company in a research report on Wednesday, January 17th. StockNews.com upgraded Marathon Digital from a “sell” rating to a “hold” rating in a research report on Tuesday. JPMorgan Chase & Co. boosted their price target on Marathon Digital from $16.00 to $16.50 and gave the stock an “underweight” rating in a research report on Wednesday, April 10th. HC Wainwright reiterated a “buy” rating and set a $35.00 price target on shares of Marathon Digital in a research report on Tuesday, March 19th. Finally, Chardan Capital upped their price objective on Marathon Digital from $26.00 to $30.00 and gave the company a “neutral” rating in a report on Monday, March 4th.
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Marathon Digital Price Performance
Shares of NASDAQ MARA opened at $19.43 on Monday. Marathon Digital has a twelve month low of $7.16 and a twelve month high of $34.09. The company has a current ratio of 30.50, a quick ratio of 30.51 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $5.20 billion, a price-to-earnings ratio of 23.13 and a beta of 5.36. The business has a 50 day simple moving average of $20.96 and a 200-day simple moving average of $17.81.
Marathon Digital (NASDAQ:MARA – Get Free Report) last issued its quarterly earnings data on Wednesday, February 28th. The business services provider reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.07). The company had revenue of $156.77 million for the quarter, compared to the consensus estimate of $138.15 million. Marathon Digital had a negative return on equity of 4.61% and a net margin of 48.93%. As a group, equities research analysts expect that Marathon Digital will post -0.04 earnings per share for the current year.
Marathon Digital Company Profile
Marathon Digital Holdings, Inc operates as a digital asset technology company that mines digital assets with a focus on the bitcoin ecosystem in United States. The company was formerly known as Marathon Patent Group, Inc and changed its name to Marathon Digital Holdings, Inc in February 2021. Marathon Digital Holdings, Inc was incorporated in 2010 and is headquartered in Fort Lauderdale, Florida.
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