Marvell Technology Inc (NASDAQ: MRVL) stock suffered a major decline of -11.4% on 3/8/24. The shares closed at $75.42. Moreover, this decline was accompanied by exceptionally high trading volume at 293% of normal. The stock has been strong relative to the market over the last nine months and has risen 5.2% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed 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 28 but a good Power Rating of 74, producing the Neutral Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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