Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for MamaMancini’s Holdings Inc (NASDAQ: MMMB) improved during the last several trading days. MMMB’s current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
MamaMancini’s Holdings Inc (NASDAQ: MMMB) stock enjoyed a very large increase of 8.3% on 4/26/24. The shares closed at $6.00. Moreover, this advance was accompanied by exceptionally high trading volume at 302% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 23.7% during the last week.
Current PriceTarget Research Rating
MMMB’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
MamaMancini’s Holdings has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. MamaMancini’s Holdings has a neutral Appreciation Score of 45 but a good Power Rating of 81, producing the Positive Value Trend Rating.
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