Marathon Patent Group Inc. (NASDAQ: MARA) is 176.83% higher on its value in year-to-date trading and has touched a low of $0.35 and a high of $5.25 in the current 52-week trading range. The MARA stock was last observed hovering at around $2.31 in the last trading session, with the day’s gains setting it 0.13% off its average median price target of $64.00 for the next 12 months. It is also 96.19% off the consensus price target high of $64.00 offered by 1 analysts, but current levels are 96.19% higher than the price target low of $64.00 for the same period.
Currently trading at $2.44, the stock is -26.06% and 28.73% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.1 million and changing 5.63% at the moment leaves the stock 118.37% off its SMA200. MARA registered 50.62% gain for a year compared to 6-month gain of 152.90%. The firm has a 50-day simple moving average (SMA 50) of $2.2658 and a 200-day simple moving average (SMA200) of $1.1410.
The stock witnessed a 71.83% loss in the last 1 month and extending the period to 3 months gives it a 238.89%, and is -28.45% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 17.83% over the week and 22.04% over the month.
Marathon Patent Group Inc. (MARA) has around 3 employees, a market worth around $94.62M and $1.50M in sales. Distance from 52-week low is 592.79% and -53.52% from its 52-week high. The company has generated returns on investments over the last 12 months (-88.20%).
Marathon Patent Group Inc. (MARA) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Marathon Patent Group Inc. (MARA) is a “Buy”. 1 analysts offering their recommendations for the stock, where 0 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Marathon Patent Group Inc. is expected to release its quarterly report on 08/25/2020 and quarterly earnings per share for the current quarter are estimated at $0 with sales reaching $163k over the same period.The EPS is expected to grow by 78.10% this year, but quarterly earnings will post -98.60% year-over-year. Quarterly sales are estimated to grow 279.10% in year-over-year returns.
Marathon Patent Group Inc. (MARA) Top Institutional Holders
16 institutions hold shares in Marathon Patent Group Inc. (MARA), with 1.18M shares held by insiders accounting for 3.67% while institutional investors hold 2.33% of the company’s shares. The shares outstanding are 32.14M, and float is at 31.80M with Short Float at 9.09%. Institutions hold 2.24% of the Float.
Marathon Patent Group Inc. (MARA) Insider Activity
A total of 0 insider transactions have happened at Marathon Patent Group Inc. (MARA) in the last six months, with sales accounting for 0 and purchases happening 0 times. The most recent transaction is an insider purchase by OKAMOTO MERRICK D, the company’s Chief Executive Officer. SEC filings show that OKAMOTO MERRICK D bought 25,000 shares of the company’s common stock on Nov 22 at a price of $0.99 per share for a total of $24735.0. Following the purchase, the insider now owns 53875.0 shares.
Marathon Patent Group Inc. disclosed in a document filed with the SEC on Aug 30 that OKAMOTO MERRICK D (Chief Executive Officer) bought a total of 5,000 shares of the company’s common stock. The trade occurred on Aug 30 and was made at $1.56 per share for $7807.0. Following the transaction, the insider now directly holds 28875.0 shares of the MARA stock.
Still, SEC filings show that on Aug 29, OKAMOTO MERRICK D (Chief Executive Officer) acquired 2,000 shares at an average price of $1.61 for $3212.0. The insider now directly holds 23,875 shares of Marathon Patent Group Inc. (MARA).