While our testing has found that a P/S ratio of <2 is the optimum range for returns, be sure to compare this ratio to its respective industry. Amyris May be Oversold, but is it Worth Fighting the Shorts? Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. For example, a stock trading at $35 with earnings of $3 would have an earnings yield of 0.0857 or 8.57%. 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 Marathon Patent stock to perform well in the short-term. 326 E 8th St #105, Sioux Falls, SD 57103 The company's gross profit margins have improved over time, but the company's blended profit margin since the IPO is about -180%. 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. . The 52-week high for Marathon Patent Stock is $22.09 and the 52-week low is $3.11. MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Like most ratios, this number will vary from industry to industry. 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 March and April, MARA and bitcoin surged to new highs and when the price of bitcoin came down in . The average price target is $10.00 with a high forecast of $15.00 and a low forecast of $5.00. Zacks Rank Education - Learn about the Zacks Rank, Zacks Rank Home - Zacks Rank resources in one place, Zacks Premium - The only way to fully access the Zacks Rank. If you wish to go to ZacksTrade, click OK. Mostly positive signals in the chart today. The (F1) EPS Estimate Quarterly Change calculates the percentage change in the consensus earnings estimate for the current year (F1) over the last 12 weeks. The P/E ratio of Marathon Digital is -2.02, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Fred Thiel previously worked as Marathon's Lead Independent Director. The blockchain technology-based mining company specializes in producing digital assets like Bitcoin. de C.V. (NYSE: CX) Jumps 0.59%, Turning Investors Away. A stock with a P/E ratio of 20, for example, is said to be trading at 20 times its annual earnings. Turning to Wall Street, MARA is a Moderate Buy based on four Buys and three Hold ratings. What is Marathon Digital's stock price forecast for 2023? This suggests a possible upside of 20.6% from the stock's current price. Seeing a stock's EPS change over 1 week is important. Find the latest Marathon Digital Holdings, Inc. (MARA) stock quote, history, news and other vital information to help you with your stock trading and investing. Marathon Digital Holdings Inc does not have a meaningful P/E due to negative earnings over the last 12 trailing months. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MARA, but not buy additional shares or sell existing shares. Share your opinion and gain insight from other stock traders and investors. liable for your own investment decisions and agree to the 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 . This includes personalizing content and advertising. . With the market capitalization of Marathon Digital Holdings Inc. currently standing at about $1.91 billion, investors are eagerly awaiting this quarters results, scheduled for May 02, 2023 May 08, 2023. The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. Referring to stocks 52-week performance, its high was $22.58, and the low was $3.11. It currently has a Growth Score of F. Recent price changes and earnings estimate revisions indicate this would not be a good stock for momentum investors with a Momentum Score of F. The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports. Insiders that own company stock include David Philip Lieberman, Douglas K Mellinger, Frederick G Thiel, James Crawford, Kevin A Denuccio, Merrick D Okamoto, Michael Carroll Berg, Michael Rudolph, Peter Benz and Simeon Salzman. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock. Debt to Capital (or D/C ratio) is the fraction of debt (including mortgages and long-term leases) to long-term capitalization. StockInvest.us provides daily technical stock analysis commentaries and The Current Ratio is defined as current assets divided by current liabilities. Know what industry insiders are buying. Marathon Digital Holdings' (NASDAQ: MARA) stock plunged 27% on Nov. 15 after the Bitcoin (CRYPTO: BTC) mining company made two surprising announcements. View the best growth stocks for 2023 here. The Growth Scorecard table also displays the values for its respective Industry along with the values and Growth Score of its three closest peers. Once again, cash flow is net income plus depreciation and other non-cash charges. Build your trading network; Follow your favorite assets . Upgrade to MarketBeat All Access to add more stocks to your watchlist. Your email address will not be published. CEMEX S.A.B. With The Founder OF XPO Logistics Leading The Way This Nasdaq Company is Ready and GOING! Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports. Cash Flow is a measurement of a company's health. During the day, the stock fluctuated 6.59%, ranging from $10.93 to $11.65. Other notable executive management team members include Hugh Gallagher, the Chief Financial Officer with over thirty years of experience in capital markets, investment analysis and treasury management. The median P/B ratio for stocks in the S&P is just over 3. A P/B of 0.5 means its selling at half its book value. The value of beta (5-year monthly) was 5.06. Marathon Digital Holdings operates in the rapidly growing blockchain technology industry, which has been gaining mainstream attention in recent years. Cash Flow is net income plus depreciation and other non-cash charges. The (F1) EPS Estimate Monthly Change calculates the percentage change in the consensus earnings estimate for the current year (F1) over the last 4 weeks. The average twelve-month price prediction for Marathon Digital is $12.33 with a high price target of $21.00 and a low price target of $4.00. The (Q1) EPS Estimate Monthly Change calculates the percentage change in the consensus earnings estimate for the current quarter (Q1) over the last 4 weeks. And within the M Industry, it might further be delineated into the X Industry group called Banks Northeast. Other Robinhood Financial fees may apply, check rbnhd.co/fees for details. Top institutional investors include Exchange Traded Concepts LLC (0.22%), National Bank of Canada FI (0.00%), Sara Bay Financial (0.03%), AE Wealth Management LLC (0.01%), SFG Wealth Management LLC. The company is also exploring new products, such as the potential launch of a Bitcoin exchange-traded fund. The RSI14 is 77 and this increases the risk substantially. to move between $10.45 and $12.45, Of course, different industries will have different growth rates that are considered good. . Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. After the P/E ratio, it's one of the most common valuation metrics. A company with a P/E ratio of 40 and a growth rate of 50% would have a PEG ratio of 0.80 (40 / 50 = 0.80). Our daily ratings and market update email newsletter. First, it announced an upsized $650 million . The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023. See what's happening in the market right now with MarketBeat's real-time news feed. For example, a company with a P/E ratio of 25 and a growth rate of 20% would have a PEG ratio of 1.25 (25 / 20 = 1.25). Market cap. According to companys latest data on outstanding shares, there are 125.39 million shares outstanding. The industry is also subject to regulatory and political risks, with many governments worldwide taking different approaches to regulating cryptocurrencies and blockchain technology. However, medium term indicators have put the stock in the category of Hold while long term indicators on average have been pointing out that it is a 50% Buy. All users should speak with their financial advisor before buying or selling any securities. If a stock's EPS consensus estimate is $1.10 now vs. $1.00 the week before, that will be reflected as a 10% change. A higher number is better than a lower one as it shows how effective a company is at generating revenue from its assets. The analyzed items go beyond simple trend analysis. What is Marathon Digital's stock price today? Macau Casinos Are Hot: Is MGM Resorts The Play? Delayed quotes by FIS. If the Bitcoin network experiences significant disruptions or a decline in popularity, it could negatively impact the company's revenue and profitability. Their MARA share price forecasts range from $4.00 to $21.00. 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. The Marathon Patent stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. The industry is subject to intense competition, and Marathon Digital Holdings must continue to innovate and stay ahead of its competitors. Is MARA Stock a Buy or Sell? Visit Performance Disclosure for information about the performance numbers displayed above. In addition, Marathon Digital Holdings, Inc. has a VGM Score of F (this is a weighted average of the individual Style Scores which allow you to focus on the stocks that best fit your personal trading style). 9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Marathon Digital in the last year. But, it's made even more meaningful when looking at the longer-term 4 week percent change. Marathon Digital Holdings Inc, also known as Marathon Patent Group, is a digital asset technology company based in Las Vegas, Nevada. One of the reasons some investors prefer the P/S ratio over other metrics like the P/E ratio is because sales are harder to manipulate on an income statement than earnings. To see all exchange delays and terms of use please see Barchart's disclaimer. Portfolio. This time period essentially shows you how the consensus estimate has changed from the time of their last earnings report. The average stock price target of $10 suggests that the . 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