Marvell Technology Inc (NASDAQ: MRVL) has reported a loss for its third fiscal quarter (ending October 31) of $-0.78 versus a loss $-0.19 for the same period a year ago. E.P.S. were $-1.70 for the latest four quarters through October 31 versus $-0.65 for the same period a year ago.
Recent Price Action
On 12/3/24, Marvell Technology Inc (NASDAQ: MRVL) stock declined slightly by -1.0%, closing at $95.91. Moreover, trading volume in this decline was exceptionally high at 230% of normal. Relative to the market the stock has been strong over the last nine months and has risen 3.7% during the last week.
Current PriceTarget Research Rating
Marvell Technology has a current Value Trend Rating of C (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 31 but a good Power Rating of 76, and the Neutral Value Trend Rating results.
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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