Marvell Technology Inc (NASDAQ: MRVL) has reported E.P.S. of $-0.45 for its fourth fiscal quarter (ending January 31) versus $-0.02 for the same period a year ago. For the latest four quarters through January 31, E.P.S. were $-1.08 compared to $-0.19 a year ago.
Recent Price Action
Marvell Technology Inc (NASDAQ: MRVL) stock closed at $85.09 on 3/7/24 after a large increase of 4.6%. Moreover, exceptionally high trading volume at 225% of normal accompanied the advance. The stock has risen 26.0% during the last week and has been strong relative to the market over the last nine months.
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 (Low Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Marvell Technology has a poor Appreciation Score of 29 but a slightly positive Power Rating of 64, producing the Low 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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