Marathon Digital Intrinsic Stock Value – MARATHON DIGITAL Reports Second Quarter Earnings Results for FY2023
August 20, 2023
🌥️Earnings Overview
MARATHON ($NASDAQ:MARA):
Price History
MARATHON DIGITAL reported its second quarter earnings results for the fiscal year 2023 on Tuesday. The stock opened at $15.6 on Tuesday and closed at $15.7, representing an increase of 4.3% from its last closing price of $15.1. This marks the second consecutive quarter of growth for MARATHON DIGITAL, as the company continues its upward trend. This was driven by higher costs of goods sold and increased operating expenses, but was offset by a strong performance in the company’s digital products segment.
The positive results of the second quarter demonstrate MARATHON DIGITAL’s ability to capitalize on emerging trends in digital technology and the effectiveness of its ongoing investment strategy. The company’s outlook remains positive as it continues to develop new products and services that can further drive growth for the business. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Marathon Digital. More…
| Total Revenues | Net Income | Net Margin |
| 174 | -485.49 | -86.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Marathon Digital. More…
| Operations | Investing | Financing |
| -278.48 | -89.66 | 406.93 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Marathon Digital. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.37k | 762.99 | 3.59 |
Key Ratios Snapshot
Some of the financial key ratios for Marathon Digital are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 390.2% | – | -284.5% |
| FCF Margin | ROE | ROA |
| -189.2% | -53.5% | -22.5% |
Analysis – Marathon Digital Intrinsic Stock Value
At GoodWhale, we believe that MARATHON DIGITAL is currently undervalued. Our proprietary Valuation Line reveals that the fair value of MARATHON DIGITAL’s share is around $28.7. This is a stark contrast to the current trading price of $15.7, which is an undervaluation of 45.3%. By analyzing the financials of MARATHON DIGITAL, we can gain a better insight into the company and its potential. More…
Peers
As the cryptocurrency market continues to grow, so does the competition among mining companies. Marathon Digital Holdings Inc is up against some stiff competition from the likes of Hut 8 Mining Corp, Bit Digital Inc, and HIVE Blockchain Technologies Ltd. All three companies are vying for a piece of the pie, and each has its own strengths and weaknesses. It will be interesting to see how this competition plays out in the coming months and years.
– Hut 8 Mining Corp ($TSX:HUT)
Hut 8 Mining Corp is a cryptocurrency mining and blockchain infrastructure company. The Company has a portfolio of 24,490 bitcoin mining machines. Hut 8 Mining Corp was founded in 2017 and is headquartered in Toronto, Canada.
– Bit Digital Inc ($NASDAQ:BTBT)
The company has a market cap of $87.42M and a ROE of -12.65%. The company is engaged in the business of providing digital marketing and advertising services. The company has a portfolio of products and services that helps businesses to reach their target audiences. The company offers a suite of tools that helps businesses to create, manage, and track their digital marketing campaigns.
– HIVE Blockchain Technologies Ltd ($TSXV:HIVE)
HIVE Blockchain Technologies Ltd is a cryptocurrency mining company that operates mining facilities for cryptocurrencies, primarily for Ethereum. The company is based in Vancouver, Canada. The company went public on the TSX Venture Exchange in September 2017. In 2018, the company acquired a majority stake in a Swedish cryptocurrency mining company, Cryptomine.
Summary
MARATHON DIGITAL reported its second quarter FY2023 results, showing a strong increase in total revenue from the previous year’s quarter. Net income also saw a significant improvement, moving from a loss of -191.6 million to -19.1 million. The stock price of MARATHON DIGITAL responded positively to the earnings report, moving up on the same day.
Investing in MARATHON DIGITAL remains a risk, but the positive earnings report indicates a potential for growth. Analyzing the company’s balance sheet, income statement, and other financials is essential for making informed decisions about investing in MARATHON DIGITAL.
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