MARA
Marathon Digital Holdings Inc. Technology - Bitcoin Mining Investor Relations →
Marathon Digital Holdings Inc. (MARA) closed at $8.46 as of 2026-03-20, trading 39.9% below its 200-week moving average of $14.07. This places MARA in the extreme value zone. The stock is currently moving closer to the line, down from -33.8% last week. The 14-week RSI sits at 36, indicating neutral momentum.
Trading volume is running at 1.2x of its 14-week average, which is in the normal range. The balance between buying and selling volume (0.88 ratio) is neutral — neither side is clearly dominating.
Over the past 676 weeks of data, MARA has crossed below its 200-week moving average 12 times. On average, these episodes lasted 41 weeks. The average one-year return after crossing below was -14.1%, suggesting these dips have not historically been reliable buying opportunities for this stock.
With a market cap of $3.2 billion, MARA is a mid-cap stock. Free cash flow yield is currently negative, meaning the company is burning cash. Return on equity stands at -34.5%. The stock trades at 0.9x book value.
Share count has increased 160.7% over three years, indicating dilution.
Over the past 13 years, a hypothetical investment of $100 in MARA would have grown to $18, compared to $508 for the S&P 500. MARA has returned -12.2% annualized vs 13.3% for the index, underperforming the broader market over this period.
Free cash flow has been declining. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: MARA vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After MARA Crosses Below the Line?
Across 12 historical episodes, buying MARA when it crossed below its 200-week moving average produced an average return of -4.6% after 12 months (median +1.0%), compared to +15.8% for the S&P 500 over the same periods. 50% of those episodes were profitable after one year. After 24 months, the average return was +27.8% vs +38.5% for the index.
Each line shows $100 invested at the moment MARA crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
MARA has crossed below its 200-week MA 12 times with an average 1-year return of +-14.1% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Apr 2013 | May 2014 | 58 | 58.2% | +29.6% | -78.6% |
| Jun 2015 | Nov 2020 | 287 | 96.0% | -42.8% | -89.1% |
| May 2022 | Aug 2022 | 12 | 57.7% | -21.7% | -25.7% |
| Aug 2022 | Jul 2023 | 46 | 75.7% | -14.4% | -35.8% |
| Aug 2023 | Dec 2023 | 17 | 50.9% | +14.4% | -43.1% |
| Jan 2024 | Jan 2024 | 1 | 3.5% | +23.4% | -47.6% |
| Apr 2024 | May 2024 | 5 | 10.3% | -22.3% | -47.5% |
| Jul 2024 | Nov 2024 | 15 | 32.2% | -9.8% | -50.8% |
| Dec 2024 | Jan 2025 | 4 | 9.7% | -49.0% | -57.6% |
| Jan 2025 | Jun 2025 | 22 | 39.4% | -48.2% | -53.9% |
| Jul 2025 | Sep 2025 | 7 | 10.2% | N/A | -51.0% |
| Nov 2025 | Ongoing | 19+ | 44.2% | Ongoing | -29.4% |
| Average | 41 | — | +-14.1% | — |
Frequently Asked Questions
Is MARA below its 200-week moving average?
Yes. As of 2026-03-20, Marathon Digital Holdings Inc. (MARA) is trading 39.9% below its 200-week moving average of $14.07. The current price is $8.46.
What is MARA's 200-week moving average price?
Marathon Digital Holdings Inc.'s 200-week moving average is $14.07 as of 2026-03-20. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when MARA drops below its 200-week moving average?
MARA has crossed below its 200-week moving average 12 times in our data. The average one-year return after these crossings was -14.1%, meaning the dips were not reliable buying signals for this particular stock. These episodes lasted 41 weeks on average.
Is MARA a good value right now?
Here's what our data says about MARA as of 2026-03-20: The stock is below its 200-week moving average, which is the starting point for our analysis. The 14-week RSI is 36. Free cash flow is currently negative. Return on equity is -34.5%. Price-to-book is 0.9x. This is not a buy or sell recommendation — always do your own research.
How does MARA compare to the S&P 500?
Over the past 13 years, $100 invested in MARA would have grown to $18, compared to $508 for the S&P 500. That's -12.2% annualized vs 13.3% for the index. MARA has underperformed the broader market over this period.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-03-20