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Marathon Digital Holdings, Inc. (MARA) Stock Dips While Market Gains: Key Facts
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Marathon Digital Holdings, Inc. (MARA - Free Report) closed the most recent trading day at $6.84, moving -2.56% from the previous trading session. The stock's change was less than the S&P 500's daily gain of 0.7%. Meanwhile, the Dow experienced a rise of 0.28%, and the technology-dominated Nasdaq saw an increase of 0.83%.
Coming into today, shares of the company had lost 44.06% in the past month. In that same time, the Finance sector lost 0.78%, while the S&P 500 lost 1.21%.
Market participants will be closely following the financial results of Marathon Digital Holdings, Inc. in its upcoming release. The company is predicted to post an EPS of -$0.04, indicating a 87.5% growth compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $209.57 million, reflecting a 16.97% fall from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of -$5.25 per share and revenue of $809.8 million, which would represent changes of -42.28% and -10.73%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Marathon Digital Holdings, Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Right now, Marathon Digital Holdings, Inc. possesses a Zacks Rank of #3 (Hold).
The Financial - Miscellaneous Services industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 173, finds itself in the bottom 30% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
View the Zacks #1 Rank List
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Marathon Digital Holdings, Inc. (MARA) Stock Dips While Market Gains: Key Facts
Marathon Digital Holdings, Inc. (MARA - Free Report) closed the most recent trading day at $6.84, moving -2.56% from the previous trading session. The stock's change was less than the S&P 500's daily gain of 0.7%. Meanwhile, the Dow experienced a rise of 0.28%, and the technology-dominated Nasdaq saw an increase of 0.83%.
Coming into today, shares of the company had lost 44.06% in the past month. In that same time, the Finance sector lost 0.78%, while the S&P 500 lost 1.21%.
Market participants will be closely following the financial results of Marathon Digital Holdings, Inc. in its upcoming release. The company is predicted to post an EPS of -$0.04, indicating a 87.5% growth compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $209.57 million, reflecting a 16.97% fall from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of -$5.25 per share and revenue of $809.8 million, which would represent changes of -42.28% and -10.73%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Marathon Digital Holdings, Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Right now, Marathon Digital Holdings, Inc. possesses a Zacks Rank of #3 (Hold).
The Financial - Miscellaneous Services industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 173, finds itself in the bottom 30% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.