Marathon Digital Holdings, Inc., Gains As Market Drops: What You Need to Know
Marathon Digital Holdings, Inc., (MARA) closed at $7.08 in the most recent trading session, a +0.14% increase from the previous day. The stock outpaced the S&P 500’s daily loss of 0.61%. The Dow lost 0.1% while the Nasdaq lost 0.67%, which is a tech-heavy Index.
Heading into today, shares of the company had gained 72.86% over the past month, outpacing the Business Services sector’s gain of 10.54% and the S&P 500’s gain of 8.32% in that time.
Marathon Digital Holdings, Inc. expects to demonstrate strength as it approaches its next earnings report. Analysts expect Marathon Digital Holdings, Inc. will report earnings of -$0.19 per share. This would be a decline of 152.78% year-over-year. The Zacks Consensus Estimate of Revenue projects net sales at $40.47million, which is 32.87% less than the previous year.
Investors should also note any recent changes in analyst estimates for Marathon Digital Holdings, Inc. Recent revisions are likely to reflect current business trends. This is why we consider positive revisions of estimates to be an indicator of optimism about the company’s business outlook.
We found that these changes in estimate are directly related with stock prices. The Zacks Rank is a tool that investors can use to take advantage of this correlation. This model takes into account these estimates and gives investors a simple and actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy), to #5 (Strong Sell). Since 1988, #1 stocks have returned an average +25% annually. Within the last month, Zacks Consensus EPS estimates have moved 4.82% lower. Marathon Digital Holdings, Inc. is currently ranked #3 (Hold) on Zacks.
Investors should also take note of Marathon Digital Holdings, Inc.’s current valuation metrics, including the Forward P/E ratio at 11.83. This discount is significant compared with the industry average Forward P/E ratio of 23.23.
The Technology Services sector includes the Technology Services industry. This industry has a Zacks Industry Rank 105, which places it among the top 42% in all 250+ industries.
The Zacks Industry Rank measures the strength of industry groups by measuring their average Zacks Rank. Our research has shown that the top half of industries are rated higher than the bottom 50% by a factor 2 to 1.
Zacks.com will allow you to track all these stock-moving metrics in the upcoming trading sessions.
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Marathon Digital Holdings, Inc. (MARA) : Free Stock Analysis Report