Stock Rating Downgrade
The Value Trend Rating for MamaMancini’s Holdings Inc (NASDAQ: MMMB) weakened recently from B to C reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
On 5/3/24, MamaMancini’s Holdings Inc (NASDAQ: MMMB) stock enjoyed a large increase of 4.2%, closing at $6.65. Moreover, trading volume in this advance was above average at 142% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 20.0% during the last week.
Current PriceTarget Research Rating
MMMB is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
MamaMancini’s Holdings has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. MamaMancini’s Holdings has a slightly negative Appreciation Score of 32 but a good Power Rating of 83, resulting in the High Neutral Value Trend Rating.
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