Company Performance - Marathon Digital Holdings, Inc. (MARA) closed at $19.31, reflecting a -0.05% change from the previous session, underperforming the S&P 500's daily gain of 0.74% [1] - Over the past month, shares of the company have appreciated by 25.13%, outperforming the Business Services sector's gain of 9.12% and the S&P 500's gain of 3.16% [1] Earnings Expectations - The company is expected to release earnings on November 12, 2024, with analysts predicting earnings of -$0.38 per share, indicating a year-over-year decline of 660% [2] - The consensus estimate for revenue is $148.14 million, representing a 51.39% increase from the same quarter last year [2] Fiscal Year Projections - For the entire fiscal year, Zacks Consensus Estimates project earnings of -$0.21 per share and revenue of $556.03 million, reflecting changes of -223.53% and +43.49% respectively from the prior year [3] Analyst Estimates - Recent changes to analyst estimates for Marathon Digital Holdings, Inc. indicate short-term business trends, with positive revisions suggesting analysts' confidence in the company's performance [4] - The Zacks Rank system, which incorporates estimate changes, currently ranks Marathon Digital Holdings, Inc. as 3 (Hold) [6] Industry Context - The Technology Services industry, part of the Business Services sector, holds a Zacks Industry Rank of 70, placing it in the top 28% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]

Marathon Digital Holdings, Inc. (MARA) shares rallied 19% in the last trading session to close at $19.32. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 2.6% gain over the past four weeks.Donald Trump’s win positively impacted Marathon Digital’s shares due to the potential for favorable policy shifts under his administration. Trump has historically taken a relatively hands-off approach to regulation in finan ...

Energized Hash Rate Increased 14% to 40.2 EH/s717 Bitcoin Produced in October, 2% Increase M/MTransaction Fees Accounted for 5% of Total Bitcoin Produced Fort Lauderdale, FL, Nov. 04, 2024 (GLOBE NEWSWIRE) -- MARA (NASDAQ: MARA) ("MARA" or the "Company"), one of the world’s largest publicly traded bitcoin ("BTC") miners and a leader in supporting and securing the Bitcoin ecosystem, today published unaudited BTC production update for October 2024. Management Commentary"October was our best month of bitcoin p ...

In the latest market close, Marathon Digital Holdings, Inc. (MARA) reached $18.22, with a +0.83% movement compared to the previous day. The stock outperformed the S&P 500, which registered a daily gain of 0.22%. Elsewhere, the Dow lost 0.33%, while the tech-heavy Nasdaq added 0.76%.The company's shares have seen an increase of 11.96% over the last month, surpassing the Business Services sector's gain of 1.72% and the S&P 500's gain of 1.47%.Investors will be eagerly watching for the performance of Marathon ...

MARA Holdings (NASDAQ: MARA) has experienced a significant rise in insider selling activity in recent months. According to recent filings with the U.S. Securities and Exchange Commission (SEC), several top executives have offloaded substantial portions of their holdings in the company.One of the most notable transactions occurred on October 16, 2024, when Salman Khan, the company’s Chief Financial Officer (CFO), sold 16,700 shares of Marathon stock at $17.50 per share, amounting to $292,250.  This sale was ...

Fort Lauderdale, FL, Oct. 15, 2024 (GLOBE NEWSWIRE) -- MARA (NASDAQ: MARA) ("MARA" or the "Company"), a global leader in leveraging digital asset compute to support the energy transformation, today announced that it has secured a $200 million line of credit, collateralized by a portion of its bitcoin holdings. MARA may use the funds to capitalize on strategic opportunities and for other general corporate purposes. Investor Notice Investing in our securities involves a high degree of risk. Before making an i ...

Marathon Digital Holdings, Inc. (MARA) ended the recent trading session at $15.23, demonstrating a -1.36% swing from the preceding day's closing price. The stock's performance was behind the S&P 500's daily loss of 0.21%. On the other hand, the Dow registered a loss of 0.14%, and the technology-centric Nasdaq decreased by 0.05%. Prior to today's trading, shares of the company had lost 2.22% over the past month. This has lagged the Business Services sector's gain of 4% and the S&P 500's gain of 5.94% in that ...

The latest trading session saw Marathon Digital Holdings, Inc. (MARA) ending at $17.29, denoting a -1.31% adjustment from its last day's close. This move lagged the S&P 500's daily loss of 0.13%. Meanwhile, the Dow experienced a rise of 0.33%, and the technology-dominated Nasdaq saw a decrease of 0.39%. Shares of the company have appreciated by 3.12% over the course of the past month, underperforming the Business Services sector's gain of 4.62% and outperforming the S&P 500's gain of 2.43%. Analysts and inv ...

Core Insights - Crypto-related stocks have seen diminished interest despite Bitcoin's stability near key resistance levels, indicating a potential breakout opportunity [1][2] - The rise of Bitcoin ETFs, such as the iShares Bitcoin Trust, may have diverted investor attention from mining stocks [3] Bitcoin Performance - Bitcoin has experienced an 8.7% decline over the past six months but remains up 143% year-over-year and 44% year-to-date [2] - The current trading range for Bitcoin is between $22.02 and $41.99, with a recent price of $35.97 [2] Marathon Digital Holdings (MARA) - MARA's stock has dropped over 20% in the last six months and more than 30% year-to-date, underperforming Bitcoin [3][5] - The company reported a quarterly loss of ($0.72) per share, significantly worse than the expected ($0.23), with revenue at $145.14 million versus an expected $157.86 million [4] - Analysts maintain a consensus Hold rating with a price target of $19.61, suggesting a potential upside of 21.5% [5] Riot Platforms (RIOT) - RIOT's stock has fallen nearly 40% in the past six months and is down 60% from its 52-week high [6] - The latest earnings report showed a loss of ($0.32) per share, double the expected ($0.16) loss, with revenue at $70 million, down 8.7% year-over-year [6] - Analysts have a Buy consensus with a price target of $16.60, indicating over 100% potential upside [7] Analyst Sentiment - Despite the underperformance of both MARA and RIOT compared to Bitcoin, analysts express cautious optimism regarding their long-term potential [8] - Investors are advised to closely monitor Bitcoin's price action, as a breakout may be necessary for these stocks to regain strength [8]

Company Performance - Marathon Digital Holdings, Inc. (MARA) ended the latest trading session at $16.14, reflecting a -1.65% change from the previous close, which is less than the S&P 500's daily loss of 0.19% [1] - The stock has decreased by 7.55% over the past month, underperforming the Business Services sector's gain of 4.37% and the S&P 500's gain of 1.95% [1] Upcoming Earnings - The company is projected to report earnings of -$0.34 per share, indicating a year-over-year decline of 580% [2] - Revenue is expected to be $157.52 million, representing a 60.98% increase compared to the same quarter last year [2] Annual Forecast - For the entire year, the Zacks Consensus Estimates forecast earnings of -$0.22 per share and revenue of $652.57 million, reflecting changes of -229.41% and +68.4% respectively compared to the previous year [3] Analyst Revisions - Recent revisions to analyst forecasts for Marathon Digital Holdings, Inc. should be monitored, as they reflect short-term business trends and can indicate analysts' confidence in the company's performance [4] Zacks Rank and Industry Performance - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently ranks Marathon Digital Holdings, Inc. at 4 (Sell) [6] - Over the last 30 days, the Zacks Consensus EPS estimate has decreased by 1.92% [6] - The Technology Services industry, part of the Business Services sector, holds a Zacks Industry Rank of 68, placing it in the top 27% of over 250 industries [7]