Marathon Patent Grou (NASDAQ:MARA) shares traded -9.11% down during most recent session to reach at the closing price of $0.34. The stock exchanged hands 1.78 Million shares versus average trading capacity of 2.65 Million shares, yielding a market cap of $8.45 Million. Wall Street analysts covering the stock are projecting that the stock will reach $4 within the next 52-weeks. The mean target projections are based on 1 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Marathon Patent Grou (NASDAQ:MARA) high price target of $4 and with a conservative view have low price target of $4.
JP Morgan “Maintained” Marathon Patent Grou (NASDAQ:MARA) in a research note issued to investors on 2/02/16 to Underweight with price target of $9.
Additionally on 10/07/15 Wells Fargo “Upgrades” Marathon Patent Grou (NASDAQ:MARA) to Outperform setting price target at $ and on 6/12/15 Northland Securities “Maintained” the stock to Outperform at $11. Furthermore on 5/01/15 Roth Capital “Initiates Coverage on” the stock to Buy at $12.
On the other hand the company has Relative Strength Index (RSI 14) of 50.77 along with Average True Range (ATR 14) of 0.08, Consequently Marathon Patent Grou (NASDAQ:MARA)’s weekly and monthly volatility is 23.30%, 32.16% respectively. The company’s beta value is at 1.03.
In terms of Buy, Sell or Hold recommendations, Marathon Patent Grou (NASDAQ:MARA) has analysts’ mean recommendation of 2. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Marathon Patent Grou (NASDAQ:MARA)’s minimum EPS for the current quarter is at $-0.14 and can go high up to $-0.14. The consensus mean EPS for the current quarter is at $-0.14 derived from a total of 1 estimates from the analysts who have weighed in on projected earnings. However the company reported $0.49 earnings per share for the same quarter during last year.
Previously Marathon Patent Grou (NASDAQ:MARA) reported $-0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $-0.15 by $-0.04. The company posted an earnings surprise of -26.7%.
Marathon Patent Grou (NASDAQ:MARA)’s revenue estimates for the current quarter are $500 Million according to 1 number of analysts, for the current quarter the company has high revenue estimates of $500 Million in contradiction of low revenue estimates of $500 Million. For the current year the company’s revenue estimates are $33.08 Million compared to low analyst estimates of $33.08 Million and high estimates of $33.08 Million according to 1 number of analysts.
Currently Marathon Patent Grou (NASDAQ:MARA)’s shares owned by insiders are 29.31%, whereas shares owned by institutional owners are 11.6%. However the six-month change in the insider ownership was recorded -0.4%, as well as three-month change in the institutional ownership was recorded 7.41%.
Marathon Patent Grou (NASDAQ:MARA) 52-week high price stands at $3.44 and low price stands at $0.13, its price distance from 52-week high is -90.22% while its distance from 52-week low price is 169.04%. The stock hit its 52-week high on 08/16/16, and 52-week low on 06/20/17.
Marathon Patent Grou (NASDAQ:MARA)’s trailing twelve month revenues are $34.6 Million, whereas its price to sales ratio for the same period is 0.24. Its book value per share for the most recent quarter is $-0.58 while its price to book ratio for the same period is 0, as for as the company’s cash per share for the most recent quarter is $0.02, however its price to cash per share ratio for the same period is 16.9. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0.