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Marathon Digital Holdings, Inc. (MARA) Stock Sinks As Market Gains: What You Should Know

·2 min read

Marathon Digital Holdings, Inc. (MARA) closed at $12.99 in the latest trading session, marking a -1.59% move from the prior day. This move lagged the S&P 500's daily gain of 1.42%. At the same time, the Dow added 0.97%, and the tech-heavy Nasdaq lost 0.07%.

Prior to today's trading, shares of the company had gained 147.19% over the past month. This has outpaced the Business Services sector's gain of 9.42% and the S&P 500's gain of 6.69% in that time.

Wall Street will be looking for positivity from Marathon Digital Holdings, Inc. as it approaches its next earnings report date. In that report, analysts expect Marathon Digital Holdings, Inc. to post earnings of -$0.18 per share. This would mark a year-over-year decline of 205.88%. Meanwhile, our latest consensus estimate is calling for revenue of $41.1 million, up 40.18% from the prior-year quarter.

For the full year, our Zacks Consensus Estimates are projecting earnings of -$0.07 per share and revenue of $308.43 million, which would represent changes of -104.12% and +104.98%, respectively, from the prior year.

Any recent changes to analyst estimates for Marathon Digital Holdings, Inc. should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 77.5% higher. Marathon Digital Holdings, Inc. currently has a Zacks Rank of #4 (Sell).

The Technology Services industry is part of the Business Services sector. This group has a Zacks Industry Rank of 127, putting it in the top 50% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.

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