For its first fiscal quarter (ending April 30), Marvell Technology Inc (NASDAQ: MRVL) has reported E.P.S. of $-0.25 compared to $-0.20 a year ago. E.P.S. were $-1.13 for the latest four quarters through April 30 versus $-0.19 for the same period a year ago.
Recent Price Action
On 5/30/24, Marvell Technology Inc (NASDAQ: MRVL) stock increased 1.4%, closing at $76.85. Moreover, this advance was accompanied by above average trading volume at 128% of normal. The stock has risen 4.8% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, MRVL is expected to continue to be an important Value Builder.
Marvell Technology has a current Value Trend Rating of C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Marvell Technology has a poor Appreciation Score of 30 but a good Power Rating of 75, triggering the Neutral Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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