Mara stock

mara stock

What happened to Mara stock?

At the beginning of the year, MARA stock was trading around 10. As Bitcoin surged, the stock reached a high of 57.75 on April 6. Shares popped 15% on July 26 as the price of Bitcoin climbed back over $39,000, but gave back most of those gains on July 27.

Is Mara stock a buy at its 200-day line?

However, MARA stock has found support at its 200-day line, which is a positive sign. MARA shares are closely tied to Bitcoin prices, so they have been on a wild ride. At the beginning of the year, MARA stock was trading around 10. As Bitcoin surged, the stock reached a high of 57.75 on April 6.

What is Maras (Mara) earnings?

Marathon Digital Holdings, Inc. (NASDAQ:MARA) posted its earnings results on Wednesday, November, 10th. The business services provider reported ($0.22) earnings per share (EPS) for the quarter, missing the Thomson Reuters consensus estimate of $0.43 by $0.65.

Which stocks are most correlated with Mara?

EPAY, CTG, and VOLT are the stocks whose asset turnover ratios are most correlated with MARA. The table below shows MARAs key quality metrics over time.

Should you buy marathon (Mara) stock?

Nope. The last time I wrote about Marathon was mid-August when I argued that only those that fully understand cryptocurrencies have any business owning MARA stock. Boy, have things changed in the seven months since then. The stock is way up, and so is the company’s ability to mine Bitcoin.

What is the history of Mara mining?

MARA stock began trading in 2013. On March 1, the company changed its name to Marathon Digital Holdings. On April 26, Fred Thiel replaced Merrick Okamoto as CEO. Marathon Digital provides the computing power needed to mine Bitcoins.

Is Mara stock up 40% over the past month?

Indeed, over the past month alone, MARA stock is up more than 40%. And that includes today’s decline. Interest around cryptocurrency miners has continued to grow, as Bitcoin (CCC: BTC-USD) and Ethereum (CCC: ETH-USD) both continue to hover around all-time highs.

Why is Mara stock so volatile?

The volatility of MARA stock, largely due to its link to Bitcoin, makes it a risky investment. On May 20, news that the Biden administration could start requiring transaction above $10,000 to be reported to the IRS sent the value of Bitcoin and other crypto currencies down.

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