Marathon Digital Holdings, Inc. is expected to report its latest quarterly earnings on Wednesday, May 6th, with a consensus estimate EPS of -1.43103.
Marathon Digital Holdings, Inc. (MARA) is currently priced at $10.8, showing a decrease of -3.35% from the previous close. The trading volume is at $17.61 million, representing a 36.25% increase from the average.
MARA has experienced a three-day streak with a -8.74% price change, starting at $11.84.
In the latest quarterly earnings report on Wednesday, February 25th, Marathon Digital Holdings reported an EPS of -4.52, significantly below the consensus estimate of -0.23.
Morgan Stanley recently maintained an "Underweight" grade on MARA, with no change in the recommendation.
The company saw a net change in cash of -$279.26 million, with operating cash flow at $672.70 million and debt repayment of $786,000.
Marathon Digital Holdings reported a net income of -$1.71 billion, with an EPS of -$4.81 and revenue of $202.31 million.
Key ratios for MARA include a quick ratio of 1.27, return on equity of -49.24%, and a price-to-sales ratio of 15.76.
The company holds $547.13 million in cash and cash equivalents, with total assets amounting to $7.42 billion and total debt of $3.65 billion.
This analysis provides insights into Marathon Digital Holdings' recent financial performance and market outlook.
Marathon Digital Holdings, Inc. operates as a digital asset technology company that mines cryptocurrencies with a focus on the blockchain ecosystem and the generation of digital assets in United States. As of December 31, 2021, it had approximately 8,115 bitcoins, which included the 4,794 bitcoins held in the investment fund. The company was formerly known as Marathon Patent Group, Inc. and changed its name to Marathon Digital Holdings, Inc. in February 2021. Marathon Digital Holdings, Inc. was incorporated in 2010 and is headquartered in Las Vegas, Nevada.