On 7/17/24, Marvell Technology Inc (NASDAQ: MRVL) stock suffered a major decline of -10.1%, closing at $67.93. Moreover, trading volume in this decline was unusually high at 164% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -8.0% 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 (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 32 but a good Power Rating of 77, resulting in 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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