Marathon Stock Bullish Momentum With A 29% Rise In The Last 10 Sessions

(VIANEWS) – Shares of Marathon (NASDAQ: MARA) jumped by a staggering 29.75% in 10 sessions from $6.32 at 2023-03-06, to $8.20 at 10:00 EST on Monday, after two sequential sessions in a row of gains. NASDAQ is dropping 0.74% to $11,630.51, following the last session’s downward trend.

Marathon’s last close was $8.17, 75.05% under 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 -41.77%.

Revenue Growth

Year-on-year quarterly revenue growth declined by 75.5%, now sitting on 149.61M for the twelve trailing months.

Volatility

Marathon’s last week, last month’s, and last quarter’s current intraday variation average was a positive 5.14%, a negative 0.25%, and a positive 7.82%.

Marathon’s highest amplitude of average volatility was 5.42% (last week), 6.45% (last month), and 7.82% (last quarter).

Sales Growth

Marathon’s sales growth is negative 41.6% for the current quarter and 22.2% for the next.

Stock Price Classification

According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Marathon’s stock is considered to be oversold (<=20).

More news about Marathon (MARA).

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