(VIANEWS) – Shares of Marathon (NASDAQ: MARA) jumped by a staggering 31.03% in 5 sessions from $5.51 at 31.03, to $7.22 at 10:54 EST on Thursday, following the last session’s downward trend. NASDAQ is dropping 0.11% to $11,421.11, after three successive sessions in a row of gains.
Marathon’s last close was $7.09, 78.34% 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%.
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).
