Marathon Digital Holdings Inc (NASDAQ: MARA) stock closed at $24.58 on 7/15/24 after a major increase of 18.3%. Moreover, exceptionally high trading volume at 202% of normal accompanied the advance. The stock has risen 21.9% during the last week and has been exceptionally strong relative to the market over the last nine months.
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 11 but a good Power Rating of 82, leading to 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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