Marathon Petroleum (MPC) shares are falling following a ruling by the Commerce Department that could potentially hurt domestic refineries. NEW YORK ( TheStreet) -- Marathon Petroleum ( MPC) - Get Report shares are down -5.8% to $81.49 on Wednesday due to a new Commerce Department ruling that could hurt refinery profits across the industry.
Full Answer
Is marathon stock up 2200% over 6 months?
Even though Marathon stock is down today, it's still up a massive 2,200% over the past six months. That's how much this has been pumped thus far. Six-month returns for bitcoin-mining stocks, bitcoin, and the S&P 500. MARAdata by YCharts.
Should you be worried about marathon miner’s stock?
Thus, the lack of full participation from large investors in what many view as a stock with tremendous upside potential has some smaller retail investors worried. Marathon is a cryptocurrency miner that many expected would need to raise capital at some point. Compared to its peers, Marathon has been viewed as relatively undercapitalized.
Should you buy marathon digital stock?
6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Marathon Digital in the last year. There are currently 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Marathon Digital stock. View analyst ratings for Marathon Digital or view top-rated stocks.
Why did Marathon Patent Group stock crash?
What happenedShares of bitcoin-mining company Marathon Patent Group (NASDAQ: MARA) came crashing down on Wednesday after the company announced a $250 million stock offering. The immediate issue here is shareholder dilution, but the massive move could hold clues to the future of t
Is Marathon digital holdings a good stock to buy?
Marathon Digital Holdings's analyst rating consensus is a 'Strong Buy. This is based on the ratings of 4 Wall Streets Analysts.
Will Marathon Digital stock go up?
The 7 analysts offering 12-month price forecasts for Marathon Digital Holdings Inc have a median target of 30.00, with a high estimate of 54.00 and a low estimate of 16.00. The median estimate represents a +332.28% increase from the last price of 6.94.
What does marathon patent group do?
Marathon is a digital asset technology company that mines cryptocurrencies, with a focus on the blockchain ecosystem and the generation of digital assets.
How many shares does marathon Digital have?
106.31MShare StatisticsAvg Vol (3 month) 311.24MShares Outstanding 5106.31MImplied Shares Outstanding 6N/AFloat 899.64M% Held by Insiders 18.90%7 more rows
Is Marathon Digital a good long-term investment?
Marathon's fleet of miners is expected to grow to 199,000 by year-end 2022 from more than 30,000 currently, according to Petersen. Even with the recent selloff in Bitcoin weighing on Marathon's near-term revenue, Petersen said, it could create long-term opportunities for the company.
What is the future of Tilray stock?
The average one-year Tilray share price forecast is $10.31 a potential upside of 28%. The high price target is set at $23, while the low is at $6. According to the algorithm-based forecasting website WalletInvestor on 6 April, the stock could continue to decline and in 12 months' time fall to $5.3.
How many Bitcoin does marathon patent group have?
Marathon Digital now has about 7,453 bitcoins. Its mining fleet consists of 27,280 active miners producing approximately 2.96 exahashes (EH/s).
How many Bitcoin does marathon digital own?
As a result, Marathon currently holds approximately 9,373.6 BTC, including the 4,813 BTC the Company purchased in January 2021 for an average price of $31,168 per BTC.
How does Marathon Patent Group make money?
Marathon Digital is paid in Bitcoin for mining. The company can then sell this Bitcoin to generate revenue. Marathon Digital also funds its operations through financing.
Who owns Marathon digital?
The Vanguard Group, Inc.
How much cash does marathon Digital have?
Financial InfoConsolidated Condensed Balance Sheets - USD ($)Mar. 31, 2022Dec. 31, 2021Current assets:Cash and cash equivalents$ 118,511,331$ 268,522,019Digital currencies135,123,592102,805,980Digital currencies, restricted20,437,28420,437,28434 more rows•May 6, 2022
What sector is Marathon digital holdings?
digital asset technology companyMarathon Digital Holdings, Inc. is a digital asset technology company, which engages in mining cryptocurrencies with a focus on the blockchain ecosystem and the generation of digital assets.
About Marathon Digital
Marathon Digital Holdings, Inc. is a digital asset technology company, which engages in mining cryptocurrencies, with a focus on the blockchain ecosystem and the generation of digital assets. The company was founded on February 23, 2010 and is headquartered in Las Vegas, NV.
Marathon Digital (NASDAQ:MARA) Frequently Asked Questions
6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Marathon Digital in the last year. There are currently 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Marathon Digital stock. View analyst ratings for Marathon Digital or view top-rated stocks.
What happened
Shares of cryptocurrency miner Marathon Digital Holdings ( MARA -7.12% ) had sunk more than 20% by late afternoon on Monday, erasing nearly all the gains it had seen since the beginning of the month in one fell swoop.
So what
How large is large? Well, Marathon's unsecured senior convertible debt offering could bring in as much as $575 million, if fully subscribed. That's a very decent chunk of change for a company with a market capitalization that is now below $6 billion.
Now what
Marathon is a cryptocurrency miner that many expected would need to raise capital at some point. Compared to its peers, Marathon has been viewed as relatively undercapitalized. The company holds a tremendous amount of Bitcoin on its books, but has been reluctant to sell it to fund growth.
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