Marathon Digital Holdings Inc (NASDAQ: MARA) stock enjoyed a major increase of 10.9% on 8/23/24. The shares closed at $18.69. Trading volume in this advance was normal. The stock has been weak relative to the market over the last nine months but has risen 20.9% 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 F (Lowest Rating). The Value Trend Rating reflects complementary signals from PTR’s two proprietary measures of a stock’s attractiveness. Marathon Digital Holdings has a slightly negative Power Rating of 33 and a very low Appreciation Score of 11, and the Lowest Value Trend Rating results.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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