Insider buying last 90 days
No open-market insider purchases were filed for MARA in the last 90 days.
From Form 4 filings, dated to when each was filed.
Every MARA insider filing, plotted on the chart in Gekko.Open MARA in Gekko
NASDAQ: MARA
MARA (MARA) Stock Analysis & Forecast
Sep 28 close
$12.11−0.44 (−3.5%)
Gekko Brief
AI summaryMARA slipped this week amid softer bitcoin prices and a JPMorgan double downgrade, from Overweight to Underweight, that also cut its price target from $13 to $11 on concerns over the company's capital-light AI/data-center strategy. Separately, MARA amended its agreement for a Texas site purchase, keeping the aggregate price at $600 million if all milestones are met, with a $100 million security deposit posted for 2,000 megawatts of power capacity and a right of first offer included for the seller under certain sale triggers. Shares closed at $12.11, down 3.51% on the day and part of a broader multi-day decline following the downgrade.
The stock trades above both its 50-day average of $11.32 and 200-day average of $10.97, with the shorter average above the longer one, pointing to a supportive trend backdrop. The GekkoIndex reads 55.9, placing MARA in the Neutral zone. Price sits 14.4% below Gekko Fair Value of $14.14, a gap that leaves room relative to that estimate.
MARA's next earnings report is scheduled for 3 November 2026, after the close, 35 days out and beyond a typical 20-trading-day hold. Over the past 30 days, options activity showed 6 unusual signals, with call premium of $20,092,328 against put premium of $2,197,242. Analyst coverage spans 10 firms, with 5 at buy, 3 at hold and 2 at sell, and a consensus target of $18.41. Seasonality over the next 20 trading days has averaged +19.6% across 5 years, rising in 4 of them.
Written by AI and checked automatically against the figures on this page. Generated Sep 29, 2026 from the data above.
MARA price vs fair value
Close $12.11200-day averageGekko Fair Value $14.14
MARA quick facts
- Market cap
- $4.62B
- P/E ratio
- —
- Forward P/E
- 39.5
- EPS, TTM
- −$9.09
- Revenue, TTM
- $804.2M
- Profit margin
- 0%
- Dividend yield
- —
- Beta
- 5.34
- Volume
- 28.32M avg 45.12M
- 1-year return
- −24.6%
- Typical daily move
- ±6.9%
- Typical 20-day move
- ±18.7%
- 50-day average
- $11.32
- 200-day average
- $10.97
- Next earnings
- Nov 3 after close
- Shares outstanding
- 386.3M
MARA swing-trade checklist
MARA scores 5 supportive, 1 mixed and 0 headwinds across the 6 checklist items with data.
Six things swing traders check before a 20-day hold, read from the latest data.
5 supportive1 mixed0 headwinds
- Trendsupportive
Above 50 and 200-day
Close $12.11 is above the 50-day ($11.32) and 200-day ($10.97) averages, and the 50-day is above the 200-day.
See the chart - GekkoIndexmixed
55.9, Neutral
Reading 55.9 is in the Neutral zone.
See the GekkoIndex - Fair valuesupportive
14.4% below
Price is 14.4% below Gekko Fair Value (more than 5% below).
See fair value - Smart moneysupportive
Leans bullish
Last 30 days: 6 unusual options signals.
See smart money - Earnings risksupportive
Reports in 35 days
Next report Nov 3, 2026, 35 days away — outside a typical 20-trading-day hold.
See earnings - Seasonalitysupportive
+19.6% on average
From this point in the calendar, the next 20 trading days averaged +19.6% over 5 years, rising in 4 of them.
See seasonality
A description of current data, not a recommendation. How this page works
MARA stock chart and price history
MARA closed at $12.11 on Sep 28, 2026, −24.6% over the past year, inside a 52-week range of $6.66 to $23.45.
Close50-day average200-day averageVolume
Use the left and right arrow keys to read daily values.
Performance Breakdown
- 1 month
- +2.0%
- 3 months
- −13.7%
- 6 months
- +51.0%
- 1 year
- −24.6%
The full MARA chart adds GekkoIndex, insider, options, Congress and hedge fund markers, plus TrendCandles™.Open MARA in Gekko
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About MARA
MARA is a digital asset technology company centered on mining activity within the Bitcoin ecosystem. Its work spans owning and running bitcoin mining facilities and data centers, and it is recognized for tying its operations closely to Bitcoin production rather than broader crypto markets.
Beyond mining itself, MARA develops and sells proprietary software and technology to other participants in the Bitcoin ecosystem, and it provides advisory and consulting support to mining ventures both within the United States and abroad. The company also produces electricity through renewable sources and methane gas capture, using this power to run its Bitcoin mining projects, which links its energy generation activities directly to its core mining business.
MARA was founded on February 23, 2010, and its headquarters are located in Hallandale Beach, Florida. Shares of the company trade on the NASDAQ under the ticker MARA.
- Listed
- NASDAQ
- Sector
- Technology services
- Industry
- Data processing services
- Website
- mara.com
MARA GekkoIndex: the smart money zone
MARA’s GekkoIndex — Gekko’s 0 to 100 smart money score — reads 55.9, in the Neutral zone, up 9 points over five sessions.
55.9Neutral
Up 9 points over five sessions.
Reading for Sep 28, 2026
What followed past readings in each zone
| Zone | Readings | 5 days | 20 days | ||
|---|---|---|---|---|---|
| Buying | 37 | +2.8% | +9.5% | ||
| Accumulation | 267 | +1.9% | +1.7% | ||
| Neutral (current zone) | 342 | −0.1% | +0.4% | ||
| Distribution | 25 | −7.1% | −16.3% | ||
| Selling | 1 | Too few readings yet | |||
Average MARA share-price change over the trading days after each daily reading in its GekkoIndex history. Across every stock Gekko tracks, Neutral readings averaged +1.1% over 20 days. Past behaviour doesn’t guarantee future results.
Neutral zone: No clear directional signal. About the five zones →
See every daily GekkoIndex reading plotted over the MARA price, zone by zone.Track MARA in Gekko
Is MARA stock overvalued? Gekko Fair Value
MARA trades 14.4% below Gekko Fair Value of $14.14, so the shares are undervalued on Gekko’s estimate.
Gekko’s own estimate of what MARA shares are worth, recalculated every trading day.
$14.14
Gekko Fair Value, Sep 26, 2026
14.4% Undervalued
Gekko Fair Value on every chart, with the gap to price updating daily.Open MARA in Gekko
MARA insider and Congress trading
No open-market insider purchases were filed for MARA, and no Congress trades were disclosed, in the last 90 days.
Plus buybacks, unusual options and fund positions, each dated to when it became public.
Congress trades last 90 days
No trades in MARA were disclosed by members of Congress in the last 90 days.
From congressional disclosures, which report amounts as ranges.
Congress disclosures for MARA, plotted on the chart in Gekko.Open MARA in Gekko
Buybacks
MARA has been buying back its own shares.
- Bought back, quarter ended Jun 30, 2026
- $15.13M
- As a share of market cap
- 0.33%
- Trailing four quarters
- $33.98M
From company filings.
Unusual options activity last 30 days
6signals, 90% of the flagged premium in calls.
Latest: Bullish flow on Sep 26, $5.94M in unusual premium.
Hedge funds and billionaires quarter ended Mar 31
0of the funds Gekko tracks hold MARA.
0added0opened0trimmed1sold out
Every signal with its contract, strike and premium, and which funds are on each side.Unlock in Gekko
MARA earnings: next date and track record
MARA reports on Nov 3, 2026, after the close (35 days away), and beat the EPS estimate in 1 of its last 8 reports.
Next earnings report
Nov 3, 2026
Expected after the close, 35 days away
- EPS estimate
- −$0.39
- Revenue estimate
- $181.1M
1 of 8reports beat the EPS estimate
±7.6%average move across the report
3 of 8reports followed by a gain
Share-price move across each report
Last earnings call, Aug 6, 2026 AI summary
- What they said
- Mara described Q2 as a transition quarter where the company is expanding from Bitcoin mining into broader digital infrastructure (power, land, compute) with an emphasis on serving AI and high-performance compute customers. Management highlighted strategic progress: advancing the Long Ridge acquisition (pending FERC approval), acquiring rights to a 1,200-acre powered land site in Matagorda County, Texas (up to ~2 GW subject to approvals), and expanding the total power portfolio to an expected ~4.8 GW. The company secured incremental Bitcoin-backed credit facilities with Coinbase and 2PIC totaling $600 million at a weighted average cost of 7.56% and refinanced a $150 million facility, using these non-dilutive financings to fund acquisition cash consideration while preserving exposure to Bitcoin. Management framed their existing Bitcoin-mining platform, land and power assets, and operating expertise as competitive advantages for entering AI infrastructure. They noted that Bitcoin price weakness created a challenging revenue environment in Q2, but pointed to tenant interest, progress on site development and technology initiatives (Vertebra/TAE hybrid storage/load-following, Slipstream wallet-related activity), and early revenue contributions from Exaion and HUM (both described as currently modest but growing).
- Guidance
- No company-wide numeric revenue or EPS guidance for next quarter was provided. Management did give near-term revenue expectations for business units: HUM described as an '8-digit a year' business on an annualized basis; Exaion revenues expected to be in the 'low 8 digits' this year. Management expects FERC approval for the Long Ridge acquisition 'soon' and 'definitely before year end.' They expect Matagorda interconnection and queue progression to move forward, subject to Texas batch/audit processes and ERCOT approvals.
- Risks flagged
- Bitcoin price volatility, which management explicitly cited as creating a 'challenging revenue environment' in Q2; regulatory and approval risks, including FERC approval for Long Ridge and ERCOT/interconnection and batch zero/batch 1 audit processes in Texas; timing and execution risk for closing acquisitions and converting powered land into tenant-ready capacity; financing and collateral risk from Bitcoin-backed credit facilities (activation of Bitcoin reserves as collateral); potential reliance on tenant demand that could be affected by queue 'phantom requests' or delays.
| Reported | EPS | Revenue | Move |
|---|---|---|---|
| Aug 6, 2026 | −$0.70 est −$0.56 | $174.9M est $209.4M | −10.2% |
| May 11, 2026 | −$0.63 est −$0.04 | $174.6M est $181.9M | −1.7% |
| Feb 26, 2026 | −$0.77 est −$0.45 | $202.3M est $252.2M | +4.3% |
| Nov 4, 2025 | −$0.32 est −$0.26 | $252.4M est $251.5M | −3.8% |
| Jul 29, 2025 | −$0.81 est −$0.53 | $238.5M est $255.2M | −3.6% |
| May 8, 2025 | −$1.55 est −$0.34 | $213.9M est $216.9M | +18.2% |
| Feb 26, 2025 | $1.24 est −$0.32 | $214.4M est $183.9M | +5.7% |
| Nov 12, 2024 | −$0.42 est −$0.34 | $131.6M est $140.3M | −13.2% |
“Move” is the close of the first session after the report compared with the close of the last session before it, so it reads the same whether the company reported before the open or after the close.
MARA stock forecast and analyst price targets
Analysts’ average 12-month price target for MARA is $18.41, +52.0% from the last close, from 10 firms rating the stock in the last 90 days.
$18.41consensus 12-month target, +52.0% from the last close
Now $12.11Avg $18.41
Low $10High $27
Each firm’s latest rating in the last 90 days: 10 firms.
Latest analyst actions
| Date | Firm | Target | vs price |
|---|---|---|---|
| Sep 22 | H.C. Wainwright | $20 | +65.2% |
| Sep 21 | Morgan Stanley | $11 | −9.2% |
| Sep 18 | Morgan Stanley | $11 | −9.2% |
| Sep 14 | J.P. Morgan | $11 | −9.2% |
| Sep 11 | H.C. Wainwright | $20 | +65.2% |
+0.4%average 20-day move after past Neutral readings
+19.6%average move over the next 20 trading days in the last 5 years
±6.9%typical daily move, from the 14-day average range
Gekko doesn’t publish price predictions. These are analyst targets and historical base rates, which don’t guarantee future results.
MARA seasonality: the next 20 trading days
Over the next 20 trading days from Sep 29, MARA averaged +19.6% across the last 5 years, rising in 4 of them.
Next 20 trading days, by year
Average move and hit rate
| Window | Average | Years higher |
|---|---|---|
| Next 5 trading days | +9.7% | 3 of 5 |
| Next 10 trading days | +7.9% | 3 of 5 |
| Next 15 trading days | +17.3% | 4 of 5 |
| Next 20 trading days | +19.6% | 4 of 5 |
| Next 30 trading days | +22.5% | 3 of 5 |
For scale, MARA’s typical 20-trading-day move in either direction is about 18.7%.
MARA market cap and key statistics
MARA’s market cap is $4.62B and revenue of $804.2M over the last twelve months.
Valuation
- Market cap
- $4.62B
- Forward P/E
- 39.5
- EPS, TTM
- −$9.09
- Gekko Fair Value
- $14.14
Trading
- Volume
- 28.32M
- Avg volume, 20 days
- 45.12M
- 52-week high
- $23.45
- 52-week low
- $6.66
- Shares outstanding
- 386.3M
Financials
- Revenue, TTM
- $804.2M
- Profit margin
- 0%
- Return on equity
- -105.6%
- Quarterly earnings growth, YoY
- +86.7%
Risk and income
- Beta
- 5.34
- Typical daily move
- ±6.9%
- Typical 20-day move
- ±18.7%
MARA stock news this week
Coverage of MARA this week reads negative: 1 positive, 3 neutral and 3 negative headlines.
- Marathon Digital Holdings, Inc. (MARA) Falls More Steeply Than Broader Market: What Investors Need to KnowZacks Investment Research, Sep 28
- Contrasting MARA (NASDAQ:MARA) & Magic Software Enterprises (NASDAQ:MGIC)Defense World, Sep 28
- $100 million is on deposit for power at MARA Holdings (MARA)'s Texas site. What is the deal's price?Stock Titan, Sep 26
- MARA slips as softer bitcoin prices add to pressure from a recent analyst downgradeQuiver Quantitative, Sep 25
- MARA Holdings Slides As JPMorgan Slashes Price TargetTimothy Sykes, Sep 24
- MARA Holdings Drops As JPMorgan Slashes Price TargetStocksToTrade, Sep 24
MARA peers
MARA’s 6 largest industry peers by market value, with today’s move, GekkoIndex zone and gap to Gekko Fair Value.
| Stock | GekkoIndex zone | vs Fair Value |
|---|---|---|
| PAYXPaychex | Buying | 24.5% below |
| VRSKVerisk Analytics | Accumulation | 27.1% below |
| JJacobs Solutions | Accumulation | 6.2% above |
| AKAMAkamai Technologies | Neutral | 15.4% below |
| IRENIREN | Neutral | 24.3% below |
| TYLTyler Technologies | Accumulation | 15.0% below |
A peer links to its own page where one exists.
MARA stock FAQ
What is MARA’s market cap?
MARA’s market cap is $4.62B at the Sep 28, 2026 close of $12.11, with 386.3M shares outstanding.
What is the MARA stock forecast?
The consensus analyst 12-month price target for MARA is $18.41, +52.0% from the last close. Of the 10 firms that rated the stock in the last 90 days, 5 rate it a buy, 3 a hold and 2 a sell. Gekko doesn’t publish price predictions of its own.
Is MARA stock overvalued or undervalued?
On Gekko’s estimate MARA is undervalued: the Sep 28, 2026 close of $12.11 is 14.4% below Gekko Fair Value of $14.14. Gekko Fair Value is recalculated every trading day, and a gap inside 5% either way counts as about fair value.
When does MARA report earnings next?
MARA is expected to report on Nov 3, 2026, after the market closes (35 days away). Analysts expect earnings of −$0.39 per share on revenue of $181.1M. MARA beat the earnings estimate in 1 of its last 8 reports, moving 7.6% on average across the report.
What is MARA’s 52-week high and low?
MARA’s 52-week high is $23.45 and its 52-week low is $6.66; it closed at $12.11 on Sep 28, 2026, −24.6% over the past year. Over the last five years the shares peaked at $83.45 on Nov 9, 2021.
Is MARA stock a buy right now?
Gekko describes the data; it does not make buy or sell recommendations. On the swing-trade checklist, 5 of the 6 items with data read as supportive (trend, fair value, smart money, earnings risk and seasonality), 1 as mixed (gekkoindex). The checklist is a description of current data, not a recommendation.
Is there unusual options activity in MARA?
Gekko flagged 6 unusual options signals in MARA over the last 30 days, with $20.09M of flagged premium in calls and $2.20M in puts. The latest, bullish flow, was on Sep 26, 2026 with $5.94M in unusual premium. The signal-by-signal table is in Gekko.
How this page works
During US trading hours the price at the top of the page is a delayed quote, refreshed every 15 minutes; everything else is rebuilt after each US market close. The GekkoIndex, Gekko Fair Value and the checklist are Gekko’s own, and the Gekko Brief is written by AI from this page’s data and checked against it before it is published. How Gekko’s data works →
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