Marathon Digital Holdings (NASDAQ: MARA) has been one of the biggest stock stories of late.Shares were well under $1 a year ago, and now trade near $35. Investors should note that accounting rules gave the company net income of $83 million in the first quarter even though it had an operating loss of $47 million. After all, why wouldn't they be? The share float percentage for the stock currently stands at 12.65%. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life. Appreciate my writing, have an idea for me, or is there an issue with something I wrote? We’re motley! MARA | Complete Marathon Digital Holdings Inc. stock news by MarketWatch. RIOT data by YCharts. It's a reminder that short-term patterns can break down, especially when something changes with the business. While sitting on the balance sheet, these tokens have increased in value substantially. Returns as of 05/19/2021. And with the price of Bitcoin down in the last couple of days, Marathon stock was down today as well. There are arguments to be made both ways when it comes to the future price of Bitcoin and other cryptocurrencies. Both Riot Blockchain and Marathon Digital mine Bitcoin -- they provide computing power to help process transactions on the Bitcoin blockchain network, unlocking new Bitcoins as compensation in the process. 22.80 … Shares of Marathon Digital Holdings (NASDAQ:MARA), a company mining and holding Bitcoin (CRYPTO:BTC), fell on Tuesday following the release of financial results for the first quarter of 2021. Currency in USD. An analysis of the Marathon Digital HoldingsInc. For its part, Marathon Digital is holding 5,324 Bitcoins, but over 4,800 were purchased with funds raised by selling new shares of the company. This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. But knowing if and when Bitcoin will rise again is a hard thing to predict. What is MARA's Earnings Per Share (EPS) forecast for 2021-2022? As of 10 AM, it is trading somewhere between $35,500 and $36,000. This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. If you're buying Marathon stock for the long term, then the top and bottom lines aren't really the most important factors here. [ May 16, 2021 ] Marathon Digital Still in the Crypto Stock Race Bitcoin Marathon Digital Still in the Crypto Stock Race Bitcoin This leaves these players unsure of how to best apply accounting rules to the top line. (NASDAQ: MARA) Marathon Digital Holdings's current Earnings Per Share (EPS) is $0.84. 22.85-3.10 (-11.95%) At close: 4:00PM EDT. But from the end of the quarter to May 6, it mined 194 more, reflecting its growing mining power. Marathon Digital Holdings is a standout cryptocurrency miner, so MARA stock could generate big returns for investors willing to take a risk. Prices shown are actual historical values and are not adjusted for either splits or dividends. The investors can use it to make informed decisions about market timing and determine when trading Marathon Digital shares will generate the highest return on investment. The latest closing stock price for Marathon Digital Holdings as of April 30, 2021 is 36.78. Market data powered by FactSet and Web Financial Group. [ May 16, 2021 ] Marathon Digital Still in the Crypto Stock Race Bitcoin [ May 16, 2021 ] Ethereum Prices Are a Runaway Train, So Grab Your Ticket Ethereum [ May 16, 2021 ] Considering CAGR Around 90% for Blockchain IoT Market Size Blockchain [ May 16, 2021 ] Top 5 Cryptocurrencies that are Best for Crypto Day Trading Bitcoin Back. While I no longer get to exercise my analytical muscles with linguistics, it's rewarding to analyze business and share my opinions through this platform. After spending more than a decade travelling the world exploring different cultures and languages, I'm happy to now be contributing to the Motley Fool's mission to make the world smarter, happier, and richer. For the first quarter, Marathon generated revenue of $9.2 million, which was up 1,445% year over year. When it comes to revenue, Marathon and other miners are in a tricky place, as cryptocurrency regulations are still playing catch-up. With the price of BTC (BTC-USD) trading above $55,000 and … As of its latest update, Riot Blockchain is holding 1,771 Bitcoins, all of which it received from mining. Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer. While cryptocurrencies are decentralized, investing in crypto stocks is a centralized way of exposure to the crypto space. Further, over the past month, Marathon Digital’s stock’s lost one-third of its value. It would seem that investors have decided MARA stock is … Marathon Digital Holdings, Inc., which has a market valuation of $4.16 Billion, is expected to release its quarterly earnings report in Jun 2021. Read more about MARA stock here. A long-term thesis assumes that the company can increase its mining power (known as its hash rate) to mine more Bitcoin, and that the price of Bitcoin will keep going up. While I no longer get to exercise my analytical muscles with linguistics, it's rewarding to analyze business and share my opinions through this platform. View real-time stock prices and stock quotes for a full financial overview. Discounted offers are only available to new members. That rule can go both ways, though. What's great about exploring business and the economy is the insight it gives you into how things are in the world. The long-term outlook seems attractive for cryptocurrency stocks, and one player in particular that deserves a mention is Marathon Digital … Marathon Digital stock currently has a market capitalization of $1.9 billion. Previously, the price of Bitcoin was steadily climbing at a breakneck pace. Marathon Digital Holdings is another bitcoin mining company in North America. What changed for these two? After spending more than a decade travelling the world exploring different cultures and languages, I'm happy to now be contributing to the Motley Fool's mission to make the world smarter, happier, and richer. Feel free to reach out to me at jon.quast@foolcontractors.com. Shares of cryptocurrency-mining companies Riot Blockchain (NASDAQ:RIOT) and Marathon Digital Holdings (NASDAQ:MARA) continued their descent on Wednesday. To me, Marathon Digital stock looks excessively valued. Marathon Digital Holdings, Inc. is a digital asset technology company, which engages in mining cryptocurrencies, with a focus on the blockchain ecosystem and the generation of digital … Returns as of 05/19/2021. Marathon Digital (MARA) is among the best performing stocks over the last year, having skyrocketed over 7,000%.Given the rally in Bitcoin, the surge in Marathon Digital stock … In the premarket, Marathon Digital Holdings Inc. stock plunged by -4.87% to the price of $33.82 at the time of writing. Part of this makes sense, given Bitcoin's impressive run over this time. Both Marathon Digital and Riot Blockchain stocks are now down over 60% from highs reached earlier this year. Marathon Digital stock has given investors the greatest one-year returns that I've ever seen. These two combined factors are why these stocks are down today. The all-time high Marathon Digital Holdings stock closing price was 154.72 on December 23, 2014. Please see the "Historical Prices" tab for adjusted price values. So Marathon's top and bottom lines were greatly improved from last year. The Marathon Digital Holdings 52-week high stock price is 57.75, which is … But the popular cryptocurrency has been rangebound for about the last three months. MARA stock closed Monday’s session at $35.55 which is a -8.68% loss. Stock Advisor list price is $199 per year. Get the hottest stocks to trade every day before the market opens 100% free. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Analysts are citing a correction in the cryptocurrency space. As of Dec 30, 2020, the company held 3.51% of the shares, roughly 3.46 Million MARA shares worth $36.16 Million. Get the latest Marathon Digital Holdings, Inc. (MARA) stock news and headlines to help you in your trading and investing decisions. EBITDA-Capex has accelerated into negative territory even as the price of BTC skyrocketed during 2020. For its part, Marathon Digital had mined 386 Bitcoins this year, as of May 6. What This Means For MARA Stock Marathon Digital has a market cap of $3.37 billion today, based on an estimated 98.8 million shares outstanding and a price of $34.12. And one of the catalysts that … Both Riot Blockchain and Marathon Digital stocks were popular with short-term traders in 2020 and early 2021. The stock price of Marathon Digital closely correlates to what is happening in the cryptocurrency space. Considering the current price of Bitcoin is around $54,000, Riot Blockchain's Bitcoin is valued at $95.6 million and Marathon Digital's is valued at $287.5 million. Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer. Stock Advisor list price is $199 per year. Stock split history for Marathon Digital Holdings since 2021. The MARA stock volume traded is 28.4 million shares, while the average volume for the past 3 months is 26.50 million. That growth certainly looks impressive. As of the end of April, Riot Blockchain had mined 697 Bitcoins so far in 2021. For the first quarter, the company mined 192 Bitcoin tokens. Because of this nuance with the top line, Marathon's bottom line needs perspective as well. Therefore, for Riot Blockchain and Marathon Digital to retake previous highs, they'll need Bitcoin to start pulling its weight again. Marathon Digital Hldgs stock analysis indicators help investors evaluate how Marathon Digital stock reacts to ongoing and evolving market conditions. Marathon Digital stock news On April 5, Marathon Digital released its first-quarter update. It is understandable that investor optimism is growing ahead of the company’s current quarter results. Investors have been increasingly viewing cryptocurrency-related stocks as an attractive investment theme. The three tickers mentioned above are still beating both the stock market and Bitcoin over the past six months, led by a whopping 1,220% return on Marathon… Its price-to-sales (P/S) ratio, according to Yahoo Finance, is over 1,200; a good P/S ratio for … By understating and applying Marathon Digital stock … Miners process transactions on the Bitcoin blockchain network and are compensated in the cryptocurrency for their services. Discounted offers are only available to new members. That's certainly good for Marathon, and it shouldn't be downplayed. In the last 12 months, MARA shares soared by 8262.74% … On average, analysts forecast that MARA's EPS will be $2.10 for 2021, … Things can change fast, though. That's just how much its Bitcoin was worth when it was added to the balance sheet. The company stock has a Forward Dividend ratio of 0, while the dividend yield is 0. What's great about exploring business and the economy is the insight it gives you into how things are in the world. (NASDAQ:MARA) stock in terms of its daily trading volume indicates that the 3-month average is 32.84 Million. Moreover, it's hard to find many stocks that are up today, anyway -- almost everything is down as investors fret about inflation. However, this company hasn't sold any Bitcoin since October, so it hasn't actually had cash inflows in U.S. dollars. No doubt this is encouraging to shareholders. Investors have been increasingly viewing cryptocurrency-related stocks as an attractive investment theme. Market data powered by FactSet and Web Financial Group. Cumulative Growth of a $10,000 Investment in Stock Advisor, Why Marathon Digital Holdings Stock Tanked Today @themotleyfool #stocks $MARA $BTC, future price of Bitcoin and other cryptocurrencies, Here's Why Marathon Digital Holdings, Riot Blockchain, and Canaan Crashed in April, Why Marathon Digital Holdings Stock Fell Today, Why Cryptocurrency Stocks Like Marathon Digital and Riot Blockchain Crashed Today, Why Marathon Patent Group Stock Soared Last Month, Marathon Digital Stock Soars After Mining Over 100 Bitcoins in March, Copyright, Trademark and Patent Information. As of 3:15 p.m. EST, Riot Blockchain stock was down 12% and Marathon Digital stock was down 13%. Marathon Digital Holdings, Inc. (NASDAQ: MARA) operates cryptocurrency mining machines to harvest bitcoin. Consider the following comparison for the last year of BTC, MSTR, TSLA, and three miners - Marathon Digital Holdings ... Stock price seems to have found buyers between $7.50 and $8.50. But when thinking in terms of profits, a paper gain isn't quite the same as increasing its cash position through business operations. There are 108 institutions holding the Marathon Digital Holdings, Inc. stock share, with Susquehanna International Group, LLP the top institutional holder. We’re motley! However, this figure declines on the past 10-day timeline to an average of 23.62 Million. If the price of Bitcoin stumbles in future quarters, then Marathon could be looking at an outsize paper loss down the line. But when it falls, it affects many cryptocurrency stocks. Stock Advisor launched in February of 2002. Appreciate my writing, have an idea for me, or is there an issue with something I wrote? Marathon Digital Holdings, Inc. (MARA) Add to watchlist. With holdings this large, it's not surprising to see these two stocks fall whenever Bitcoin takes a step back. That's why I advocate for buy-and-hold investors to focus on business results, not tickers on a chart. And it expects to keep increasing its hash rate throughout 2021. In fact, because of accounting rules, the company had to update the value of its Bitcoin holdings, resulting in a whopping $137 million gain on paper. The price of Bitcoin, however, is outside of Marathon's control. Popular cryptocurrency Bitcoin (CRYPTO:BTC) is down roughly 5% over the last 24 hours, which is likely playing a roll in the pair's decline. From Jan. 1, 2020 through Feb. 17, 2021, Riot Blockchain and Marathon Digital were up over 6,000% and 5,000%, respectively. While cryptocurrencies are decentralized, investing in Even with the recent pullback, both Marathon Digital stock and Riot Blockchain stock are still beating the S&P 500 in 2021. For the first point, it does appear that Marathon's hash rate is growing faster than that of the Bitcoin blockchain network, which results in more Bitcoin mined for Marathon. The primary story here is Marathon's update of its Bitcoin mining operations. Among those are companies that mine Bitcoin. Shares of Marathon Digital Holdings (NASDAQ:MARA), a company mining and holding Bitcoin (CRYPTO:BTC), fell on Tuesday following the release of financial results for the first quarter of 2021. However, it bought over 4,800 Bitcoin tokens in January, and ongoing mining operations have taken its holdings to 5,324. The company reported net income of over $83 million -- that's huge for a small-cap company like Marathon. The day range of Bitcoin today $31,663.463 – $43,546.117 compared to a 52-week high of $64,863.10. But Marathon has decided to recognize revenue when it receives Bitcoin based on the price at the time. It produced 102.3 bitcoins in March, which took … As of 2 p.m. EDT, the stock was down 7%. Cumulative Growth of a $10,000 Investment in Stock Advisor, Why Riot Blockchain and Marathon Digital Stocks Were Down Today @themotleyfool #stocks $RIOT $MARA $BTC, Here's Why Riot Blockchain Stock Is Going Up and Down Today, Riot Blockchain Stock Surges After Mining Almost 500 Bitcoins in the First Quarter, Why Marathon Digital, Riot Blockchain, and The9 Stocks Were All Down Today, Why Riot Blockchain Stock Jumped 21.8% in March, Copyright, Trademark and Patent Information. Stock Advisor launched in February of 2002. Feel free to reach out to me at jon.quast@foolcontractors.com. Therefore, the stock is trading at less than two times FY2022 revenue potential, indicative of … NasdaqGS - NasdaqGS Real Time Price. The average Marathon Digital Holdings stock price prediction forecasts a potential downside of N/A from the current MARA share price of $19.66. But both numbers have asterisks. For its part, Marathon Digital is holding 5,324 Bitcoins, but over 4,800 were purchased with funds raised by selling new shares of the company. These rapid gains had some traders scrutinizing the charts for patterns as they tried to profit from shares swinging higher and higher.
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