Marathon Patent Group Inc. (NASDAQ:MARA) does about 16.85M shares in volume on a normal day but saw 12575755 shares change hands in Friday trading. The company now has a market cap of 72.60M USD. Its current market price is $2.56, marking an increase of 13.27% compared to the previous close of $2.26. The 52 week high reached by this stock is $5.25 whilst the lowest price level in 52 weeks is $0.35. The script in recent trading has seen the stock touch a high of $2.75 and a low of $2.26.
Marathon Patent Group Inc. (MARA) has a 20-day trading average at $3.42 and the current price is -51.24% off the 52-week high compared with 626.86% distance from its 52-week low. The 50-day simple moving average of the closing price is $2.02 and its 200-day simple moving average is $1.14. If we look at the stock’s price movements over the week, volatility stands at 17.70%, which increases to 20.80% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 48.06 to suggest the stock is neutral.
1 analysts observing the Marathon Patent Group Inc. (MARA) stock have set the 12-month price targets for the company’s shares at between $64.00 and $64.00. The median price target is 96.0% away from the current levels at $64.00.
FactSet Research has provided data showing that 1 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 1 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Buy.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on August 18, 2015 when Northland Capital reiterated the stock to “Outperform” and issued a price target of between $11 and $8. ROTH Capital initiated its price target at $12.
The current price level is -24.63%, 28.97%, and 125.73% away from its SMA20, SMA50, and SMA200 respectively, with the MARA price moving below the 50-day SMA on August 28. Marathon Patent Group Inc. (MARA) stock is down -5.54% over the week and 43.82% over the past month. Its price is 190.45% year-to-date and 63.06% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/29/2017, with the company’s earnings per share (EPS) of -$1.6 above consensus estimates by $0.64. The company’s next earnings report is expected on 08/31/2020. In addition, estimates put the company’s current quarterly revenue at an average of $163k.
Its 12-month price target is $64.00. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $64.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $64.00.
Outstanding shares total 32.14M with insiders holding 3.67% of the shares and institutional holders owning 2.24% of the company’s common stock. The company has a return on investment of -88.20% and return on equity of -102.70%. The beta has a value of 2.63. Price to book ratio is 4.34 and price to sales ratio is 48.40.
According to a U.S. Securities and Exchange Commission filing, Vanguard Extended Market Index Fu has added its position in Marathon Patent Group Inc. (MARA) to 161,610 shares, mirroring a recent increase by 180.34%. Vanguard Extended Market Index Fu added 0.1 million shares of Marathon Patent Group Inc. common stock bringing its total worth to about $0.33 million at the end of recent close, SEC documents show. Vanguard Extended Market Index Fu isn’t the only investment manager who changed stakes and is followed by Fidelity Extended Market Index Fu, which sold off 0.0 shares to end up with 13,462 shares worth $27328.0. Fidelity Nasdaq Composite Index F cut their holdings by 0.00% in the company over the course of the most recent quarter. It now holds a 0.03% position in Marathon Patent Group Inc. thanks to 9296.0 shares amounting to $18871.0.