Previous Close | 7.19 |
Open | 7.56 |
Bid | 7.55 x 3100 |
Ask | 7.56 x 1200 |
Day's Range | 7.33 - 7.83 |
52 Week Range | 6.25 - 46.28 |
Volume | |
Avg. Volume | 8,955,618 |
Market Cap | 884.865M |
Beta (5Y Monthly) | 4.20 |
PE Ratio (TTM) | 40.35 |
EPS (TTM) | N/A |
Earnings Date | N/A |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | Oct 12, 2017 |
1y Target Est | N/A |
Marathon Digital stock has been volatile as Bitcoin adoption grows. Here’s what the fundamentals and technical analysis say about the stock.
Bitcoin mining stocks bounced today as the price of Bitcoin rebounded to around the $30,000 level after what has been an extraordinarily difficult week for the sector. As of 3:25 p.m. ET, shares of CleanSpark (NASDAQ: CLSK) traded nearly 24% higher, Riot Blockchain (NASDAQ: RIOT) gained nearly 10%, and Hut 8 Mining (NASDAQ: HUT) was up roughly 14%. Bitcoin finally stopped its downward plunge today after what has been a difficult week in which the world's largest cryptocurrency briefly fell below $26,000.
The price of Bitcoin has tumbled over the past month, driven lower in recent days by inflation concerns and growing doubts about the resiliency of two large stablecoins. A number of Bitcoin stocks — or companies that have business tied to the cryptocurrency — have followed. Given the on-a-whim price swings in the crypto world, finding the best stocks out...