• Latest
  • Trending
  • All
Compass Point Raises Price Target on Marathon Digital Holdings Inc., Driving Surge in Trading Volume

Compass Point Raises Price Target on Marathon Digital Holdings Inc., Driving Surge in Trading Volume

April 16, 2023
Weekly Recap: SBF in Hot Water, Binance’s Massive Layoffs

Weekly Recap: SBF in Hot Water, Binance’s Massive Layoffs

June 2, 2023
Stacks (STX) and Dogecoin (DOGE) Whales Add Sparklo (SPRK) to Their Portfolio

Stacks (STX) and Dogecoin (DOGE) Whales Add Sparklo (SPRK) to Their Portfolio

June 2, 2023
Bullish Signal? Ethereum Average Fees Declines 69% Since Early May

Bullish Signal? Ethereum Average Fees Declines 69% Since Early May

June 2, 2023
While hot TMS Network (TMSN) ignites, outperform Arbitrum (ARB … – Cyprus Mail

While hot TMS Network (TMSN) ignites, outperform Arbitrum (ARB … – Cyprus Mail

June 2, 2023
Innovation Blockchain Payment (IBP) Rises 0.01%, Underperforms the Crypto Market Friday

Innovation Blockchain Payment (IBP) Rises 0.01%, Underperforms the Crypto Market Friday

June 2, 2023
Did This Historical Line Act As Support Again?

Did This Historical Line Act As Support Again?

June 2, 2023
Elon Musk Accused of Dogecoin Insider Trading Offences by Aggrieved Investors

Elon Musk Accused of Dogecoin Insider Trading Offences by Aggrieved Investors

June 2, 2023
Asia Express – Cointelegraph Magazine

Asia Express – Cointelegraph Magazine

June 2, 2023
Elon Musk is accused of insider trading by investors in Dogecoin … – The Union Leader

Elon Musk is accused of insider trading by investors in Dogecoin … – The Union Leader

June 2, 2023
Bitcoin, Ethereum, Dogecoin Fall Ahead Of Key Jobs Report

Bitcoin, Ethereum, Dogecoin Fall Ahead Of Key Jobs Report

June 2, 2023
Bitcoin BTC Price Has Reached ‘a General Accumulation Phase’: Analyst

Bitcoin BTC Price Has Reached ‘a General Accumulation Phase’: Analyst

June 2, 2023
Dogecoin (DOGE) Daily Transactions Spike 8,220% in May, According to IntoTheBlock

Dogecoin (DOGE) Daily Transactions Spike 8,220% in May, According to IntoTheBlock

June 2, 2023
Friday, June 2, 2023
DLT EMPIRE
  • Home
  • Bitcoin
  • Ethereum
  • Blockchain
  • Altcoin
  • Crypto Mining
  • Dogecoin
  • Litecoin
  • Market
No Result
View All Result
DLT EMPIRE
No Result
View All Result
Home Crypto Mining

Compass Point Raises Price Target on Marathon Digital Holdings Inc., Driving Surge in Trading Volume

by Cuevas Antonio
April 16, 2023
in Crypto Mining
0
Compass Point Raises Price Target on Marathon Digital Holdings Inc., Driving Surge in Trading Volume
491
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter


On April 15, 2023, the shares of Marathon Digital Holdings, Inc. (NASDAQ:MARA) experienced a dramatic surge in trading volume following the announcement by Compass Point that it had raised its price target on the stock from $10.00 to $16.00. This unexpected development stirred significant interest in this technology firm that has been at the forefront of the blockchain-based digital assets industry.

Throughout mid-day trading last Friday, approximately 13,388,626 shares of Marathon Digital Holdings were exchanged hands on the NASDAQ exchange platform. This figure marks a remarkable decline of 63% from the previous session’s massive trading volume of roughly 36,038,871 shares.

Despite this downturn in market activity, Marathon Digital Holdings underscored its sustained stability as an investment option by closing out last Friday’s trading session at a noteworthy price point of $12.03 per share – up sharply from its opening level of $11.52 and offering a potential opportunity for early investors who wanted to get into this budding market.

Marathon Digital is a fixture in the digital asset ecosystem and represents one of the most exciting opportunities for investors looking to capitalize on one of today’s fastest-growing industries. With state-of-the-art solutions for mining cryptocurrency and actively investing in blockchain-based technologies geared primarily towards institutional-oriented crypto asset management sectors and other related services – all with unrivaled performance characteristics – it’s easy to see why Marathon Digital has garnered such immense attention from analysts and retail traders alike.

In conclusion, it’s hard to overstate just how much movement there was around Marathon Digital shares last Friday based on Compass Point’s recent bullish pronouncement regarding their long-term value proposition. While it remains unknown how this story will ultimately shake out for arguably one of today’s buzziest start-ups in cryptocurrency circles right now – there is little denying that events like these represent important milestones that indicate just what kind of power moves we’ll be seeing in the years to come.

Marathon Digital Holdings: Mining Cryptocurrencies and Attracting Investor Attention


Marathon Digital Holdings, Inc. has become the talk of the town as it continues to capture the attention of both investors and industry experts due to its main business focus on mining cryptocurrencies. The company has been under the radar since 2010 when it was founded, but recently made headlines when several research firms issued reports about its potential growth in the market.

The reduction in target prices by Jefferies Financial Group and B. Riley caused a stir among investors, prompting them to adjust their holdings in anticipation of future performance. However, DA Davidson maintained its “buy” rating despite reducing their target price on Marathon Digital from $18.00 to $12.00. Chardan Capital also reissued a “buy” rating with a price objective of $15.00.

Currently, Marathon Digital holds an average rating of “Hold,” and an average target price of $11.78 based on data from Bloomberg.com.

Furthermore, large investors have recently modified their holdings in the company, showing confidence in Marathon Digital’s business prospects. Private Advisor Group LLC boosted its position by 6.1% during Q1 while Arizona State Retirement System and Barclays PLC both increased their positions by 3.9% and 4.9%, respectively, during Q3.

Sara Bay Financial also raised their stake by 4.2% during Q3 while Price T Rowe Associates Inc., MD saw an increase of 4.1% during Q2 bringing institutional ownership to almost 40%.

Marathon Digital Holdings is situated at Las Vegas, NV where it operates as a digital asset technology company that focuses on mining cryptocurrencies such as Bitcoin and Ethereum while generating digital assets using blockchain technology ecosystems.

As with any investments in the volatile cryptocurrency market, purchasing shares or properties always comes with risks attached for those seeking new ways to expand investing portfolios.

Thus before considering buying into this particular crypto-mining service provider or any other similar service provider require thorough consideration and research to make sound investment decisions that will yield good value over the long term.



Source link

Tags: CompassdigitalDrivingHoldingsMarathonPointPriceRaisessurgeTargetTradingVolume
Share196Tweet123Share49
Cuevas Antonio

Cuevas Antonio

  • Trending
  • Comments
  • Latest
Rise of AI-Powered Cheating: Challenges and Solutions for Educators

Rise of AI-Powered Cheating: Challenges and Solutions for Educators

March 20, 2023
Former FTX US President Reportedly Quit After ‘Protracted Disagreement’ With Bankman-Fried

Former FTX US President Reportedly Quit After ‘Protracted Disagreement’ With Bankman-Fried

April 10, 2023
What is Cloud Mining and How Does it Work?

What is Cloud Mining and How Does it Work?

April 10, 2023
Silicon Valley Bank: Bitcoin investors in panic as market goes sideways

Silicon Valley Bank: Bitcoin investors in panic as market goes sideways

0
24 Crypto Terms You Should Know

24 Crypto Terms You Should Know

0
Bitcoin, Ethereum, Dogecoin Rally As Team Biden Cushions SVB Blow

Bitcoin, Ethereum, Dogecoin Rally As Team Biden Cushions SVB Blow

0
Weekly Recap: SBF in Hot Water, Binance’s Massive Layoffs

Weekly Recap: SBF in Hot Water, Binance’s Massive Layoffs

June 2, 2023
Stacks (STX) and Dogecoin (DOGE) Whales Add Sparklo (SPRK) to Their Portfolio

Stacks (STX) and Dogecoin (DOGE) Whales Add Sparklo (SPRK) to Their Portfolio

June 2, 2023
Bullish Signal? Ethereum Average Fees Declines 69% Since Early May

Bullish Signal? Ethereum Average Fees Declines 69% Since Early May

June 2, 2023

Recent News

Weekly Recap: SBF in Hot Water, Binance’s Massive Layoffs

Weekly Recap: SBF in Hot Water, Binance’s Massive Layoffs

June 2, 2023
Stacks (STX) and Dogecoin (DOGE) Whales Add Sparklo (SPRK) to Their Portfolio

Stacks (STX) and Dogecoin (DOGE) Whales Add Sparklo (SPRK) to Their Portfolio

June 2, 2023
Bullish Signal? Ethereum Average Fees Declines 69% Since Early May

Bullish Signal? Ethereum Average Fees Declines 69% Since Early May

June 2, 2023

Categories

  • Altcoin
  • Altcoin News
  • Altcoins
  • Artificial Intelligence
  • Bitcoin
  • Blockchain
  • Business
  • Crypto Mining
  • Cryptocurrencies
  • Culture
  • Dogecoin
  • Economy
  • Education
  • Ethereum
  • Featured
  • Governance
  • Litecoin
  • Market
  • News
  • Uncategorized

Converter

Cryptocurrency Prices by Coinlib

© 2023 Dlt Empire | All Rights Reserved

No Result
View All Result
  • Home
  • Bitcoin
  • Ethereum
  • Blockchain
  • Altcoin
  • Crypto Mining
  • Dogecoin
  • Litecoin
  • Market

© 2023 Dlt Empire | All Rights Reserved