(VIANEWS) – The NASDAQ ended the session with Marathon rising 6.09% to $10.89 on Wednesday, after five sequential sessions in a row of losses. NASDAQ slid 1.79% to $11,220.19, following the last session’s downward trend on what was an all-around bearish trend trading session today.
Marathon Digital Holdings, Inc. is a company that produces digital assets. It mines cryptocurrency with an emphasis on the Blockchain ecosystem and the creation of digital assets in the United States. It had 8,115 bitcoins as of December 31, 2021. This includes the 4,794 bitcoins in its investment fund. Marathon Patent Group, Inc. was the company’s former name. In February 2021, Marathon Digital Holdings, Inc. took over its business. Marathon Digital Holdings, Inc. is an American company that was founded in 2010. Its headquarters are located in Las Vegas, Nevada.
Today’s last reported volume for Marathon is 19639100, 0.77% above its average volume of 19488500.
Marathon’s last close was $10.26, 87.71% under its 52-week high of $83.45.
Marathon’s sales growth is 42% for the current quarter and 39.7% for the next. The company’s growth estimates for the present quarter and the next is 79.8% and 104.5%, respectively.
Year-on-year quarterly revenue growth grew by 465%, now sitting on 193.03M for the twelve trailing months.
Stock Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions,
Marathon’s stock is considered to be overbought (>=80).
Marathon’s Stock Yearly Top and Bottom Value
Marathon’s stock is valued at $10.89 at 18:18 EST, way below its 52-week high of $83.45 and way higher than its 52-week low of $5.20.
Marathon’s Moving Average
Marathon’s value is way below its 50-day moving average of $12.60 and way below its 200-day moving average of $19.75.
More news about Marathon (MARA).