Recent meaningful negative changes in investment behavior have impacted Marvell Technology Inc (NASDAQ: MRVL): its shorter term price trend turned down.
Marvell Technology Inc (NASDAQ: MRVL) has recently experienced significant negative changes in fundamentals: significant quarterly sales deceleration occurred, significant quarterly earnings deceleration occurred, and the consensus estimate for January, 2024 decreased significantly.
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 (High Neutral). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Marvell Technology has a neutral Appreciation Score of 41 but a good Power Rating of 79, and the High Neutral Value Trend Rating results.
Recent Price Action
Marvell Technology Inc (NASDAQ: MRVL) stock enjoyed a large increase of 3.0% on 12/11/23. The stock closed at $54.48. Moreover, trading volume in this advance was unusually high at 152% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 3.2% during the last week.
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