Marathon Digital Holdings Inc (NASDAQ: MARA) stock closed at $22.56 on 7/1/24 after a major increase of 13.7%. Moreover, trading volume in this advance was unusually high at 157% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 17.4% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be in line with the cost of capital, MARA is expected to continue to be Value Creation neutral.
Marathon Digital Holdings has a current Value Trend Rating of C (Low Neutral). 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 8 but a very high Power Rating of 85, producing the Low 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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