Extremely significant negative changes in Marvell Technology Inc (NASDAQ: MRVL) investment behavior have recently occurred: its longer term price trend turned down, and its shorter term price trend turned down.
Recent meaningful negative changes in fundamentals have affected Marvell Technology Inc (NASDAQ: MRVL): significant quarterly sales deceleration occurred, and significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
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 (Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Marvell Technology has a slightly negative Appreciation Score of 36 but a slightly positive Power Rating of 69, and the Neutral Value Trend Rating results.
Recent Price Action
Marvell Technology Inc (NASDAQ: MRVL) stock increased 1.6% on 4/24/24. The shares closed at $64.85. However, this advance was accompanied by unusually low trading volume at 63% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -5.0% during the last week.
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