Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for A-Mark Precious Metals Inc (NASDAQ: AMRK) improved during the last several trading days. AMRK’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
A-Mark Precious Metals Inc (NASDAQ: AMRK) stock closed at $39.04 on 4/8/24 after a major increase of 19.3%. Moreover, exceptionally high trading volume at 582% of normal accompanied the advance. Relative to the market the stock has been weak over the last nine months but has risen 27.2% during the last week.
Current PriceTarget Research Rating
AMRK’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
A-Mark Precious Metals has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. A-Mark Precious Metals has a very high Appreciation Score of 92 but a neutral Power Rating of 42, triggering the Positive Value Trend Rating.
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