MARA Stock Summary and Trading Ideas (Marathon Digital Holdings | NASDAQ:MARA)

Marathon Digital Holdings Inc focuses on mining digital assets. It owns crypto-currency mining machines and a data center to mine digital assets. The company currently operates in the Digital Currency Blockchain segment. The Crypto-currency Machines are located in the United States.

Marathon Digital Holdings trades on the NASDAQ stock market under the symbol MARA.

As of April 18, 2024, MARA stock price climbed to $15.03 with 38,120,297 million shares trading.

MARA has a beta of 2.47, meaning it tends to be more sensitive to market movements. MARA has a correlation of 0.07 to the broad based SPY ETF.

MARA has a market cap of $3.35 billion. This is considered a Mid Cap stock.

Last quarter Marathon Digital Holdings reported $157 million in Revenue and -$.02 earnings per share. This beat revenue expectation by $13 million and missed earnings estimates by -$.06.

In the last 3 years, MARA stock traded as high as $83.45 and as low as $3.11.

The top ETF exchange traded funds that MARA belongs to (by Net Assets): VTI, VB, IWM, VXF, VGT.

MARA has outperformed the market in the last year with a return of +31.3%, while the SPY ETF gained +22.3%. However, in the most recent history, MARA shares have underperformed the stock market with its stock returning -12.9% in the last 3 month period and -22.6% for the last 2 week period, while SPY has returned +6.1% and -3.8%, respectively.

MARA support price is $13.71 and resistance is $15.55 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MARA stock will trade within this expected range on the day.