MARA

MARAD

Nasdaq / Software & Services

At close

2026-07-20

Current thesis

The best post-print bull read is that most of the Q1 damage was driven by bitcoin fair-value marks rather than a collapse in operating scale: energized hashrate reached 72.2 EH/s, cost per petahash per day improved 3%, and MARA still had about $2.9 billion of combined cash and digital assets plus roughly $1.5 billion of remaining ATM capacity at March 31. Rosenblatt reiterated Buy with a $15 target after the print, showing at least some support for the view that operating scale plus infrastructure optionality can outweigh the ugly quarter over time.

Posture

Defensive

Lead driver

Sentiment

What changed

Sentiment remains the lead driver in the composite, 7D delta +14.8.

What can break

AI and critical-IT monetization still lacks disclosed tenant contracts, utilization commitments, or revenue bridge data sufficient to offset mining volatility.

Momentum

Value

Sentiment

Setup hits (3d)

0 · Net Neutral

AI TargetsBase $14.00 · Bull $17.00 · Bear $9.50

Data freshness

Prices

As of 2026-07-20

Fundamentals

As of 2026-07-20 • Vendor: Data Vendor v1

Scores

As of 2026-07-20 • Model: HYBRID_IC_RP

AI Memo

As of 2026-05-14 • Model: RankAlpha Sentiment Codex

Investment thesis

As of 2026-07-20

Supporting evidence

What

Grade D · Defensive

Confidence Medium · Net Neutral

Target $17.86

Why

Momentum26 · Δ7d -36.1

Value35 · Δ7d -0.0

Sentiment62 · Δ7d +14.8

So what

Weak posture (Net Neutral). Prioritize risk control and patience.

Lead driver: Sentiment · See AI snapshot

Momentum

26% active weight

Current posture

7d trendSoftening

Δ7d

-36.1

Δ21d

-53.7

Value

39% active weight

Current posture

7d trendFlat

Δ7d

-0.0

Δ21d

+0.1

Sentiment

34% active weight

Current posture

7d trendImproving

Δ7d

+14.8

Δ21d

+31.3

Why this grade

Composite grade D. Momentum 26.3 / Value 35.3 / Sentiment 61.9

Fundamentals (TTM)

As of 2026-07-20

Market Cap

$4.45B

Beta

5.57

Shares Out

381.27M

P/E (TTM)

5.6

P/S (TTM)

4.36

P/FCF (TTM) · Derived

-15.31

Rev YoY

-18.4%

EPS YoY

+113.8%

Gross Margin

-59.9%

Op Margin

+58.8%

Net Debt

$3.08B

Current Ratio

1.84

As of 2026-07-20 • Updated nightlySource: Internal modelMethodology