Stock Rating Upgrade
During the last several trading days the Value Trend Rating for Monarch Casino & Resort Inc (NASDAQ: MCRI) improved from D to C reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
Monarch Casino & Resort Inc (NASDAQ: MCRI) stock declined slightly by -0.7% on 8/9/24. The stock closed at $73.11. However, exceptionally low trading volume at 40% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and has declined -2.2% 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 C (Low Neutral). This VT Rating improved in recent days from D previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Monarch Casino & Resort has a slightly negative Appreciation Score of 31 and a neutral Power Rating of 57, with the Low Neutral Value Trend Rating the result.
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