Graphic and fundamental analysis of Marathon (MARA)
Updated
1. Graphical Analysis
Since the all-time high, the price has dropped 99% on March 16, 2020 in the pandemic crisis.
It then rose 23000% reaching the peak on November 15, 2021, exactly one year ago.
However, it was insufficient to recover the historic maximum.
It is now in a definition region.
It needs to break the psychological resistance of $10 and after $20 to re-up in a macro trend.
2. Fundamental Analysis
2.1. Earns per Share
"EPS stands for earnings per share. Investors use EPS to measure how much money a company makes for every outstanding share the company has. Diluted EPS is slightly different in that it measures the earnings per share for a company if all convertible securities (such as preferred stocks, convertible debt instruments, stock options and warrants) were used to calculate the metric.
Diluted earnings per share provides a picture of the true shareholder base and how the company's earnings are distributed. Diluted EPS is an important metric for shareholders because it determines the profit shareholders will receive in a scenario that includes all securities from preferred stocks to stock options and warrants."
The fundamental indicator remains stable below zero, only reiterating the absence of profit most of the time.
2.2. Net Income
"Net Income shows how much money a company earns after expenses. Net Income represents the amount of money a company earns after all operating expenses, interest, taxes and dividends on preferred shares have been paid for. If Net Income is negative, it means that a company spent more money than it earned In other words, they lost money.
Net income shows investors if a company is profitable or not. When a company can earn more money than it spends, it’s net income is positive. These profits can potentially be distributed to shareholders through dividends, buybacks, or investment back into the company. However, it's important to remember that companies use different methods to determine Net Income depending on their location and earnings report."
The good news is that the damage is reduced.
2.3. Net Debt
"Net Debt represents the amount of debt that would remain after a company had paid off as much debt as possible with its liquid assets. This financial metric shows how well the company can handle its current obligations and if it has the ability to take on more debt in the future.
Net Debt can be calculated as Total Debt minus Cash & Short Term Investments".
The remaining debt got worse.
2.4. Free Cash Flow
"Free Cash Flow (FCF) represents the cash that a company generates as a result of its activities, excluding on expenses assets. Free Cash Flow is sometimes considered the hardest financial metric to fake because of its calculation and for that reason, it's a popular financial metric in the investor community.
Free Cash Flow signals a company's ability to pay debts and dividends, repurchase shares and contribute to business growth."
The value fluctuated from 20 million to 2 million, but at least it remains positive.
2.5. Total Equity
"Total Equity is what's left after subtracting total liabilities from total assets. It represents the amount that belongs to the joint-stock company. It includes Shareholders' Equity and Minority Interest.
Total Equity is important because it represents the value of the investor's share in the securities or company. Investors who own shares in a company are usually interested in the equity of the company represented by their shares."
The value did not undergo a small downward swing.
2.6. P/E Ratio
"The Price to earnings ratio measures the market price of a stock relative to its earnings per share. This metric shows how much profits are willing to pay for the company the company generates.
A high price to earnings ratio and a low price to earnings ratio can mean different things. Some investors believe that a high price to earnings ratio means a company is becoming expensive and possibly overvalued. A low price to earnings ratio may mean that a company is undervalued or cheap. Of course, this is not always true as sometimes a company has a high price to earnings ratio because it is growing fast and expected to grow into its high price to earnings ratio."
The value did not suffer major fluctuations. It remains stable below zero, reflecting the absence of profit.
2.7. P/CF Ratio
"Price to operating cash flow is the ratio of the share price to operating cash flow. Essentially, Price to operating cash flow measures how much money a company generates relative to its share price.
Price to cash flow is considered to be a more indicative investment measurement metric than Price to earnings per share because cash flows cannot be manipulated as easily as incomes. Some companies seem unprofitable due to large non-cash expenses, even if they have positive cash flows."
The value has remained relatively stable and positive since March 2021.
Since the all-time high, the price has dropped 99% on March 16, 2020 in the pandemic crisis.
It then rose 23000% reaching the peak on November 15, 2021, exactly one year ago.
However, it was insufficient to recover the historic maximum.
It is now in a definition region.
It needs to break the psychological resistance of $10 and after $20 to re-up in a macro trend.
2. Fundamental Analysis
2.1. Earns per Share
"EPS stands for earnings per share. Investors use EPS to measure how much money a company makes for every outstanding share the company has. Diluted EPS is slightly different in that it measures the earnings per share for a company if all convertible securities (such as preferred stocks, convertible debt instruments, stock options and warrants) were used to calculate the metric.
Diluted earnings per share provides a picture of the true shareholder base and how the company's earnings are distributed. Diluted EPS is an important metric for shareholders because it determines the profit shareholders will receive in a scenario that includes all securities from preferred stocks to stock options and warrants."
The fundamental indicator remains stable below zero, only reiterating the absence of profit most of the time.
2.2. Net Income
"Net Income shows how much money a company earns after expenses. Net Income represents the amount of money a company earns after all operating expenses, interest, taxes and dividends on preferred shares have been paid for. If Net Income is negative, it means that a company spent more money than it earned In other words, they lost money.
Net income shows investors if a company is profitable or not. When a company can earn more money than it spends, it’s net income is positive. These profits can potentially be distributed to shareholders through dividends, buybacks, or investment back into the company. However, it's important to remember that companies use different methods to determine Net Income depending on their location and earnings report."
The good news is that the damage is reduced.
2.3. Net Debt
"Net Debt represents the amount of debt that would remain after a company had paid off as much debt as possible with its liquid assets. This financial metric shows how well the company can handle its current obligations and if it has the ability to take on more debt in the future.
Net Debt can be calculated as Total Debt minus Cash & Short Term Investments".
The remaining debt got worse.
2.4. Free Cash Flow
"Free Cash Flow (FCF) represents the cash that a company generates as a result of its activities, excluding on expenses assets. Free Cash Flow is sometimes considered the hardest financial metric to fake because of its calculation and for that reason, it's a popular financial metric in the investor community.
Free Cash Flow signals a company's ability to pay debts and dividends, repurchase shares and contribute to business growth."
The value fluctuated from 20 million to 2 million, but at least it remains positive.
2.5. Total Equity
"Total Equity is what's left after subtracting total liabilities from total assets. It represents the amount that belongs to the joint-stock company. It includes Shareholders' Equity and Minority Interest.
Total Equity is important because it represents the value of the investor's share in the securities or company. Investors who own shares in a company are usually interested in the equity of the company represented by their shares."
The value did not undergo a small downward swing.
2.6. P/E Ratio
"The Price to earnings ratio measures the market price of a stock relative to its earnings per share. This metric shows how much profits are willing to pay for the company the company generates.
A high price to earnings ratio and a low price to earnings ratio can mean different things. Some investors believe that a high price to earnings ratio means a company is becoming expensive and possibly overvalued. A low price to earnings ratio may mean that a company is undervalued or cheap. Of course, this is not always true as sometimes a company has a high price to earnings ratio because it is growing fast and expected to grow into its high price to earnings ratio."
The value did not suffer major fluctuations. It remains stable below zero, reflecting the absence of profit.
2.7. P/CF Ratio
"Price to operating cash flow is the ratio of the share price to operating cash flow. Essentially, Price to operating cash flow measures how much money a company generates relative to its share price.
Price to cash flow is considered to be a more indicative investment measurement metric than Price to earnings per share because cash flows cannot be manipulated as easily as incomes. Some companies seem unprofitable due to large non-cash expenses, even if they have positive cash flows."
The value has remained relatively stable and positive since March 2021.
Note
Correlation with Bitcoin:Note
Complementing fundamental analysis through charts, because it is easier to remember and understand:Note
Note
Note
Note
Note
Note
Correlation with Bitcoin on the bottom indicator:1. Monthly chart
2. Weekly
3. Diary
4. 4h
5. 1h
6. 15 min
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