Recent extremely meaningful negative changes in investment behavior have impacted Marvell Technology Inc (NASDAQ: MRVL): the stock’s recent price decline challenged its longer term uptrend, and its shorter term price trend turned down.
Marvell Technology Inc (NASDAQ: MRVL) has recently experienced notable negative changes in fundamentals: significant quarterly sales deceleration occurred, and significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
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 37 but a good Power Rating of 75, leading to the Neutral Value Trend Rating.
Recent Price Action
On 7/24/24, Marvell Technology Inc (NASDAQ: MRVL) stock suffered a large decline of -5.9%, closing at $64.35. Trading volume in this decline was normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -14.9% during the last week.
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