Marathon Digital Holdings Inc (NASDAQ: MARA) stock enjoyed a major increase of 21.7% on 2/26/24. The shares closed at $29.19. NORMAL trading volume accompanied the advance. The stock has been exceptionally strong relative to the market over the last nine months and has risen 8.0% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, MARA is expected to be Value Creation neutral.
Marathon Digital Holdings has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Marathon Digital Holdings has a very low Appreciation Score of 9 but a very high Power Rating of 99, triggering the Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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