Marathon Digital Holdings, Inc. (NASDAQ:MARA) shares are trading lower Tuesday. The stock has trended lower since reporting a second-quarter earnings miss.
What To Know: MARA stock is down 9.38% this week, in part due to the company’s disappointing earnings report last Tuesday. Marathon reported quarterly losses of 13 cents per share which missed the analyst consensus estimate of four cent. The company reported quarterly sales of $81.80 million which missed the analyst consensus estimate of $92.65 million, a 13.82% decrease over sales of $94.92 million the same period last year.
However, in mid-July, Marathon stock benefitted from the ruling by a US judge that Ripple sales do not constitute an offer of investment contracts, rising along with other crypto-related stocks.
Despite Marathon’s recent woes, the stock is up 316.52% year-to-date.
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MARA Price Action: Shares of MARA were down 5.04% at $14.24 at the time of publication, according to Benzinga Pro.
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