Recent Price Action
Marvell Technology Inc (NASDAQ: MRVL) stock declined slightly by -0.7% on 11/30/23. The stock closed at $55.73. Moreover, trading volume in this decline was unusually high at 199% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 1.9% during the last week.
Current PriceTarget Research Rating
MRVL is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Marvell Technology has a current Value Trend Rating of C (High Neutral). With this rating, PTR's two proprietary measures of a stock's current attractiveness are providing very contradictory signals. Marvell Technology has a slightly negative Appreciation Score of 36 but a very high Power Rating of 88, resulting in the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.