The market has been neutral on Marathon Patent Group Inc (MARA) stock recently. MARA gets a Neutral score from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With MARA Stock Today?
Marathon Patent Group Inc (MARA) stock is trading at $4.76 as of 9:58 AM on Monday, Aug 10, a rise of $0.38, or 8.68% from the previous closing price of $4.38. The stock has traded between $4.65 and $4.93 so far today. Volume today is low. So far 4,203,507 shares have traded compared to average volume of 25,658,346 shares.
To see InvestorsObserver's Sentiment Score for Marathon Patent Group Inc click here.
More About Marathon Patent Group Inc
Marathon Patent Group Inc focuses on mining digital assets. It owns crypto-currency mining machines and a data center to mine digital assets. The company operates in the Digital Currency Blockchain segment and its crypto-currency machines are located in Canada.
