Marathon Already 4% Down, Almost One Hour Before The NASDAQ Open

(VIANEWS) – The NASDAQ opens in less than one hour and Marathon‘s pre-market value is already 4.45% down.

Marathon’s last close was $17.98, 47.26% below its 52-week high of $34.09.

The last session, NASDAQ finished with Marathon (MARA) jumping 0.17% to $17.98. NASDAQ rose 0.32% to $16,306.64, after three sequential sessions in a row of gains, on what was a somewhat bullish trend exchanging session.

About Marathon

Marathon Digital Holdings, Inc. operates as a digital asset technology company that mines digital assets with a focus on the bitcoin ecosystem in United States. 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 Fort Lauderdale, Florida.

Earnings Per Share

As for profitability, Marathon has a trailing twelve months EPS of $1.06.

PE Ratio

Marathon has a trailing twelve months price to earnings ratio of 16.96. Meaning, the purchaser of the share is investing $16.96 for every dollar of annual earnings.

The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 26.09%.

Moving Average

Marathon’s worth is way below its 50-day moving average of $22.55 and way higher than its 200-day moving average of $14.86.

More news about Marathon (MARA).

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