For its second fiscal quarter (ending July 31), Marvell Technology Inc (NASDAQ: MRVL) has reported E.P.S. of $-0.22 compared to $-0.24 a year ago. E.P.S. were $-1.11 for the latest four quarters through July 31 versus $-0.44 for the same period a year ago.
Recent Price Action
On 8/29/24, Marvell Technology Inc (NASDAQ: MRVL) stock enjoyed a large increase of 2.0%, closing at $69.84. Moreover, unusually high trading volume at 151% of normal accompanied the advance. The stock has been strong relative to the market over the last nine months but has declined -2.1% during the last week.
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 (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Marvell Technology has a slightly negative Appreciation Score of 34 but a slightly positive Power Rating of 60, leading to the Low 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.
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