Marathon Digital Holdings, Inc. (MARA) Stock Sinks As Market Gains: What You Should Know

Marathon Digital Holdings, Inc. (MARA) closed at $10.66 in the latest trading session, marking a -4.05% move from the prior day. The stock trailed the S&P 500, which registered a daily gain of 0.26%. On the other hand, the Dow registered a gain of 0.6%, and the technology-centric Nasdaq increased by 0.25%. The company's shares have seen an increase of 11.88% over the last month, surpassing the Finance sector's gain of 0.62% and the S&P 500's gain of 1.57%.The upcoming earnings release of Marathon Digital Holdings, Inc. will be of great interest to investors. The company is predicted to post an EPS of -$0.23, indicating a 118.55% decline compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $246.48 million, up 14.97% from the year-ago period. For the full year, the Zacks Consensus Estimates are projecting earnings of -$0.23 per share and revenue of $944.89 million, which would represent changes of -113.37% and 0%, respectively, from the prior year. Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Marathon Digital Holdings, Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook. Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. At present, Marathon Digital Holdings, Inc. boasts a Zacks Rank of #3 (Hold). The Financial - Miscellaneous Services industry is part of the Finance sector. With its current Zacks Industry Rank of 171, this industry ranks in the bottom 31% of all industries, numbering over 250. The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions. Zacks Names #1 Semiconductor StockThis under-the-radar company specializes in semiconductor products that titans like NVIDIA don't build. It's uniquely positioned to take advantage of the next growth stage of this market. And it's just beginning to enter the spotlight, which is exactly where you want to be.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $971 billion by 2028.See This Stock Now for Free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Marathon Digital Holdings, Inc. (MARA): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks