We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Marathon Digital (MARA) Soars 19.0%: Is Further Upside Left in the Stock?
Read MoreHide Full Article
Marathon Digital Holdings, Inc. (MARA - Free Report) 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 financial markets and digital assets, which boosts investor sentiment around cryptocurrency and blockchain stocks like MARA.
This company is expected to post quarterly loss of $0.38 per share in its upcoming report, which represents a year-over-year change of -660%. Revenues are expected to be $148.14 million, up 51.4% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Marathon Digital, the consensus EPS estimate for the quarter has been revised 14.9% lower over the last 30 days to the current level. And a negative trend in earnings estimate revisions doesn't usually translate into price appreciation. So, make sure to keep an eye on MARA going forward to see if this recent jump can turn into more strength down the road.
Marathon Digital is part of the Zacks Technology Services industry. UiPath (PATH - Free Report) , another stock in the same industry, closed the last trading session 4.9% higher at $13.15. PATH has returned 3% in the past month.
UiPath's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.07. Compared to the company's year-ago EPS, this represents a change of -41.7%. UiPath currently boasts a Zacks Rank of #3 (Hold).
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Marathon Digital (MARA) Soars 19.0%: Is Further Upside Left in the Stock?
Marathon Digital Holdings, Inc. (MARA - Free Report) 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 financial markets and digital assets, which boosts investor sentiment around cryptocurrency and blockchain stocks like MARA.
This company is expected to post quarterly loss of $0.38 per share in its upcoming report, which represents a year-over-year change of -660%. Revenues are expected to be $148.14 million, up 51.4% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Marathon Digital, the consensus EPS estimate for the quarter has been revised 14.9% lower over the last 30 days to the current level. And a negative trend in earnings estimate revisions doesn't usually translate into price appreciation. So, make sure to keep an eye on MARA going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Marathon Digital is part of the Zacks Technology Services industry. UiPath (PATH - Free Report) , another stock in the same industry, closed the last trading session 4.9% higher at $13.15. PATH has returned 3% in the past month.
UiPath's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.07. Compared to the company's year-ago EPS, this represents a change of -41.7%. UiPath currently boasts a Zacks Rank of #3 (Hold).