At the end of the latest market close, Marathon Patent Group Inc. (MARA) was valued at $22.36. In that particular session, Stock kicked-off at the price of $25.06 while reaching the peak value of $28.37 and lowest value recorded on the day was $23.80. The stock current value is $26.39.
Recently in News on January 5, 2021, Marathon Patent Group and DMG Blockchain Solutions to Form the Digital Currency Miners of North America (DCMNA) and Launch North America’s First Cooperative Mining Pool. Marathon Patent Group Inc. (NASDAQ: MARA), (“Marathon”) and DMG Blockchain Solutions Inc. (TSX-V: DMGI) (DMGGF: OTC US) (FRANKFURT: 6AX) (“DMG”) have entered into a non-binding memorandum of understanding to form Digital Currency Miners of North America (“DCMNA”), which will be a U.S.-based non-profit entity whose mission is to create a better mining environment for North American miners, to help improve their financial performance, and to create North America’s first cooperative mining pool. You can read further details here
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Marathon Patent Group Inc. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $28.37 on 01/08/21, with the lowest value was $10.53 for the same time period, recorded on 01/04/21.
Marathon Patent Group Inc. (MARA) full year performance was 2737.63%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Marathon Patent Group Inc. shares are logging 8.38% during the 52-week period from high price, and 7392.90% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $0.35 and $24.35.
The company’s shares, operating in the sector of Financial managed to top a trading volume set approximately around 95225424 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Marathon Patent Group Inc. (MARA) recorded performance in the market was 152.78%, having the revenues showcasing 1133.18% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 1.18B, as it employees total of 3 workers.
Specialists analysis on Marathon Patent Group Inc. (MARA)
During the last month, 0 analysts gave the Marathon Patent Group Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 4.54, with a change in the price was noted +22.67. In a similar fashion, Marathon Patent Group Inc. posted a movement of +609.41% for the period of last 100 days, recording 21,421,586 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for MARA is recording 0.00 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.00.
Trends and Technical analysis: Marathon Patent Group Inc. (MARA)
Raw Stochastic average of Marathon Patent Group Inc. in the period of last 50 days is set at 92.47%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 91.71%. In the last 20 days, the company’s Stochastic %K was 92.31% and its Stochastic %D was recorded 88.94%.
Now, considering the stocks previous presentation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 152.78%. Additionally, trading for the stock in the period of the last six months notably improved by 2737.63%, alongside a boost of 2737.63% for the period of the last 12 months. The shares increased approximately by 152.78% in the 7-day charts and went down by 409.46% in the period of the last 30 days. Common stock shares were driven by 1133.18% during last recorded quarter.