MARA Stock Forecast: an Early Mover in the Cryptocurrency Field with Growing Mining Power

August 8, 2021

motek 1This MARA stock forecast article was written by Yutong Li – Analyst at I Know First, Master's candidate at Brandeis University.

Highlights:

  • MARA stock has grown by 211.08% since January 2021
  • Marathon Digital Holdings Inc. has raised $212 million of cash, up by 50.0% quarterly
  • The company has competitive financial ratios with a net margin of 572.60% and a current ratio of 219.27, outperforming 97% and 96% of companies in the capital markets industry
  • With Marathon’s improvement in its mining power and a solid financial position, the target price for MARA will hit $40 for the upcoming year

    • premiumRead The Full Premium Article
    Subscribe to receive exclusive PREMIUM content here

    Premium Articles

    RIOT Stock Forecast: Rise by 1391.07% YTD as Bitcoin Price Reaches All-Time High

    December 28, 2020

    This RIOT stock forecast article was written by Maria Grishaev, Analyst at I Know First.

    Executive Summary

    • With Bitcoin hitting its all-time high, Riot Blockchain Inc had an extremely good year in 2020 with their stock gaining 1391.07% YTD while the S&P 500 had risen by only 15.58%.
    • The recent purchase of new equipment will increase the company’s bitcoin mining hash rate capacity. The recent change in the board of directors also affected the stock price.
    • Based on the SWOT analysis, my price target for RIOT is 22$, indicating a cautious buy recommendation.

    New forecasting serviceRead The Full Premium Article

    Subscribe to receive exclusive PREMIUM content Here
    Premium Articles

    Bitcoin Forecast: The Mystery, The Future, The Present

    July 4, 2019

    This Bitcoin forecast article was written by Ari Herzog, a Financial Analyst at I Know First

    (Source: Pxhere.com)

    Executive Summary

    • Bitcoin’s transactional verifiability, yet personal privacy, lead to its rise in popularity and is what separates itself typical fiat currencies
    • Bitcoin is reliant on the people using it to become more secure, thus providing an alternative to the need for a centralized authority
    • Bitcoin traders vary on style and exchange preference based on their level of experience and tolerance for risk
    • Bitcoin’s 77.68% rise in price over three months of Bitcoin forecast earlier this year was correctly predicted by I Know First’s predictive market algorithm in January

    Read More

    Algorithmic Performance Bitcoin

    Why Bitcoin Mining is not profitable anymore

    December 13, 2018

    “The four most dangerous words in investing are: This time it’s different”.
    Sir John Templeton

    Novogratz With A Stark Warning
    What The World’s Central Banks Are Saying About Bitcoin
    The Cost Of Bitcoin Mining
    I Know First

    Read More

    Premium Articles