Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Marathon Digital Holdings Inc (NASDAQ: MARA) improved during the last several trading days. MARA’s current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
On 3/18/24, Marathon Digital Holdings Inc (NASDAQ: MARA) stock rose modestly by 0.5%, closing at $19.41. However, unusually low trading volume at 61% of normal accompanied the advance. The stock has been exceptionally strong relative to the market over the last nine months but has declined -17.3% 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 B (Positive). This VT Rating improved in recent days from C previously. This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Marathon Digital Holdings has a slightly negative Appreciation Score of 39 but a very high Power Rating of 89, with the Positive Value Trend Rating the result.
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