Marathon Digital Holdings Inc (NASDAQ: MARA) stock enjoyed a major increase of 16.1% on 3/20/24. The shares closed at $22.43. This advance was accompanied by normal trading volume. The stock has been exceptionally strong relative to the market over the last nine months and has risen 11.1% during the last week.
Current PriceTarget Research Rating
MARA is expected to continue to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
Marathon Digital Holdings has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary 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, resulting in the Positive Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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