Recent exceptional positive changes in investment behavior have benefitted Monarch Casino & Resort Inc (NASDAQ: MCRI): positive upside/downside volume developed, the stock’s recent price rise disrupted its longer term downtrend, and its shorter term price trend turned up.
Recent small positive changes in fundamentals have benefitted Monarch Casino & Resort Inc (NASDAQ: MCRI): significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of D. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, MCRI is expected to continue to be an important Value Builder.
Monarch Casino & Resort has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Monarch Casino & Resort has a neutral Power Rating of 49 and a slightly negative Appreciation Score of 34, and the Negative Value Trend Rating results.
Recent Price Action
Monarch Casino & Resort Inc (NASDAQ: MCRI) stock enjoyed a large increase of 2.2% on 7/16/24. The stock closed at $71.34. This advance was accompanied by normal trading volume. The stock has performed in line with the market over the last nine months and has risen 6.7% during the last week.
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