For its first fiscal quarter (ending April 30), Marvell Technology Group Ltd (NASDAQ: MRVL) has reported E.P.S. of $-0.17 compared to $-0.07 a year ago. This result fell short of the consensus estimate of $0.14 by $-0.31. For the latest four quarters through April 30, E.P.S. were $2.28 versus $-0.54 for the same period a year ago.
Recent Price Action
Marvell Technology Group Ltd (NASDAQ: MRVL) stock closed at $29.97 on 5/28/20 after a large decline of -2.4%. Moreover, this decline was accompanied by unusually high trading volume at 169% of normal. The stock has risen 9.5% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, MRVL is expected to continue to be a Value Builder.
Marvell Technology has a current Value Trend Rating of A (Highest Rating). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Marvell Technology has a neutral Appreciation Score of 50 but a good Power Rating of 84, producing the Highest Value Trend Rating.
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.