Marathon Digital Holdings, Inc. (MARA) Shares Fall As Market Gains: What You Need To Know


Marathon Digital Holdings, Inc. (MARA) closed on the last trading day at $ 27.69, or -0.36% from the previous trading session. This change was smaller than the S&P 500’s 1.13% gain on the day.

As of today, the company’s shares had gained 4.83% over the past month. At the same time, the business services sector lost 14.6%, while the S&P 500 gained 2.39%.

Investors are hoping for strength from MARA as the next publication of its results approaches. In this report, analysts expect MARA to post earnings of $ 0.23 per share. That would mark year-over-year growth of 276.92%. Meanwhile, our latest consensus estimate projects revenue of $ 40.05 million, up 13,710.34% from the previous year’s quarter.

For the full year, our Zacks consensus estimates suggest analysts expect earnings of $ 2.28 per share and revenue of $ 242.35 million. These totals would mark changes of + 2000% and + 5462.33%, respectively, from a year ago.

Investors might also notice recent changes in analyst estimates for MARA. These revisions help show the ever-changing nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company’s business outlook.

Research indicates that these estimate revisions are directly correlated with short-term stock price dynamics. To benefit from this, we have developed the Zacks Rank, a proprietary model that takes these rating changes into account and provides an actionable rating system.

Zacks’ ranking system ranges from # 1 (strong buy) to # 5 (strong sell). It has a track record of remarkable and externally verified success, with the No.1 stocks generating an average annual return of + 25% since 1988. Zacks Consensus’s EPS estimate rose 19.21% during the month latest. MARA currently has a Zacks rank of # 5 (strong sell).

In terms of valuation, MARA is currently trading at a forward P / E ratio of 12.19. This represents a discount to its industry’s average forward P / E of 32.78.

The technology services industry is part of the business services sector. This industry currently has a Zacks Industry Rank of 216, which places it in the lowest 15% of all 250+ industries.

The Zacks Industry Rank measures the strength of our industry groups by measuring the average Zacks Rank of individual stocks within groups. Our research shows that the top 50% of industries top the bottom half by a factor of 2 to 1.

Make sure to use Zacks. Com to track all of these stock market metrics, and more, over future trading sessions.

Want the latest recommendations from Zacks Investment Research? Today you can download 7 best stocks for the next 30 days. Click to get this free report

Marathon Digital Holdings, Inc. (MARA): Free Stock Analysis Report

To read this article on, click here.

Zacks investment research

Leave A Reply

Your email address will not be published.