Movella receives Buy Rating with $7 stock price target at Stifel Nicolaus

(24/7 MARKET NEWS) – Stifel Nicolaus issued a buy rating for Movella Holdings Inc. (NASDAQ: MVLA), with a $7 price target.

Movella is trading at $2.03, up $0.34 (+20.12%), on 450 thousand premarket shares.

It started trading last month with a trading range of $1.61 to $10.76. It’s now trading above several recent key price levels and has a clear path to its next key resistance point of $2.70.

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