Marathon Stock Bearish By 22% In The Last 10 Sessions

(VIANEWS) – Shares of Marathon (NASDAQ: MARA) dropped by a staggering 22.17% in 10 sessions from $8.75 at 2023-01-26, to $6.81 at 19:42 EST on Wednesday, following the last session’s downward trend. NASDAQ is dropping 1.68% to $11,910.52, following the last session’s downward trend.

Marathon’s last close was $6.81, 79.2% below its 52-week high of $32.74.

About Marathon

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.

Earnings Per Share

As for profitability, Marathon has a trailing twelve months EPS of $-0.13.

The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is negative -34.72%.

Sales Growth

Marathon’s sales growth is negative 45.6% for the present quarter and 16.7% for the next.

More news about Marathon (MARA).

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