Investing in Marathon Digital Holdings Inc. [MARA]: What You Must Know


Marathon Digital Holdings Inc.’s filing revealed that its Director MELLINGER DOUGLAS K acquired Company’s shares for reported $32700.0 on Dec 28. In the deal valued at $3.27 per share,10,000 shares were bought. As a result of this transaction, MELLINGER DOUGLAS K now holds 28,771 shares worth roughly $ 0.18 million.

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Then, MELLINGER DOUGLAS K bought 10,000 shares, generating $38,400 in total proceeds. Upon buying the shares at $3.84, the Director now owns 18,771 shares.

Before that, Thiel Frederick G bought 5,000 shares. Marathon Digital Holdings Inc. shares valued at $19,100 were divested by the CEO at a price of $3.82 per share. As a result of the transaction, Thiel Frederick G now holds 154,175 shares, worth roughly $0.98 million.

Jefferies downgraded its Marathon Digital Holdings Inc. [MARA] rating to a Hold from a a Buy in a research note published on Friday, January 09, 2023; the price target was decreased to $4 from $12.50. PT values the company’s stock at a premium of -59.5 to its Friday closing price. A number of analysts have revised their coverage, including BTIG Research’s analysts, who decreased its forecast for the stock in late September from “a Buy” to “a Neutral”. Cowen began covering MARA with “Market perform” recommendation on June 24, 2022. B. Riley Securities revised its rating on June 23, 2022. It rated MARA as “a Neutral” which previously was an “a Buy”.

Price Performance Review of MARA

On Friday, Marathon Digital Holdings Inc. [NASDAQ:MARA] saw its stock jump 1.92% to $6.38. On the same session, the stock had its day’s lowest price of $5.94, but rose to a high of $6.62. Over the last five days, the stock has lost -4.35%. Marathon Digital Holdings Inc. shares have risen nearly 86.55% since the year began. Nevertheless, the stocks have fallen -76.26% over the past one year. While a 52-week high of $32.74 was reached on 01/24/23, a 52-week low of $3.11 was recorded on 01/03/23. SMA at 50 days reached $6.31, while 200 days put it at $9.15. A total of 20.77 million shares were traded, compared to the trading of 22.51 million shares in the previous session.

Levels Of Support And Resistance For MARA Stock

The 24-hour chart illustrates a support level at 6.01, which if violated will result in even more drops to 5.63. On the upside, there is a resistance level at 6.69. A further resistance level may holdings at 6.99. The Relative Strength Index (RSI) on the 14-day chart is 45.54, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.55, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.03%. Stochastics %K at 27.18% indicates the stock is a holding.

How much short interest is there in Marathon Digital Holdings Inc.?

A steep rise in short interest was recorded in Marathon Digital Holdings Inc. stocks on Jan 30, 2023, growing by 4.34 million shares to a total of 48.22 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 43.88 million shares. There was a rise of 9.0%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 41.52% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.16.

Marathon Digital Holdings Inc. [MARA] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 10,781,037 shares, or roughly 9.23% of the outstanding MARA shares. In other words, the investor’s shares have risen by 287,703 from its previous 13-F filing of 10493334.0. Additionally, BlackRock Fund Advisors increased 15.56% of its stake after which the total value it holdings stand at $55,219,941, while Morgan Stanley & Co. LLC added 53.77% of its stake to hold $21.82 million in the firm. Over the last quarter, SSgA Funds Management, Inc. purchased 282,050 shares of Marathon Digital Holdings Inc., while Geode Capital Management LLC bought 225,085 shares. At present, Goldman Sachs & Co. LLC is holding 1,715,170 shares valued at $12.37 million. BofA Securities, Inc. owned 1,276,868 shares of the company at the time of its most recent 13F filing, worth $9.21 million.

According to FactSet, Marathon Digital Holdings Inc.’s share price will average $11.10 in the next year, based on opinions of analysts polled by the firm. This is up nearly 83.71 percent from its previous closing price of $6.26. Analysts expect Marathon Digital Holdings Inc. stock to reach the higher price of $20.00, while the lowest price estimate is $4.00. The most recent change occurred on June 03, 2022 when Chardan Capital Markets began covering the stock and recommended ‘”a Buy”‘ rating along with a $19 price target.


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