On 12/19/23, Marathon Digital Holdings Inc (NASDAQ: MARA) stock enjoyed a major increase of 10.5%, closing at $21.97. Moreover, unusually high trading volume at 199% of normal accompanied the advance. The stock has risen 50.0% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
MARA is expected to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
Marathon Digital Holdings has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Marathon Digital Holdings has a very low Appreciation Score of 12 but a good Power Rating of 75, producing the Negative Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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