Monarch Casino & Resort Inc (NASDAQ: MCRI) stock closed at $76.52 on 7/25/24 after a major increase of 11.3%. Moreover, exceptionally high trading volume at 203% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and has risen 8.7% during the last week.
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 47 and a slightly negative Appreciation Score of 35, and the Negative Value Trend Rating results.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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