Marvell Technology Inc. (NASDAQ: MRVL)’s stock price has increased by 7.28 compared to its previous closing price of 37.62. but the company has seen a -1.34% decline in its stock price over the last five trading sessions. The Wall Street Journal reported on 01/11/23 that
Is It Worth Investing in Marvell Technology Inc. (NASDAQ: MRVL) Right Now?
compared to its average ratio and a 36-month beta value of 1.47. Analysts have mixed views on the stock, with 24 analysts rating it as a “buy,” 2 as “overweight,” 3 as “hold,” and 0 as “sell.”
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The average price point forecasted by analysts for Marvell Technology Inc. (MRVL) is $56.35, which is $17.06 above the current market price. The public float for MRVL is 848.19M, and currently, short sellers hold a 2.02% ratio of that float. The average trading volume of MRVL on March 17, 2023 was 12.05M shares.
MRVL’s Market Performance
MRVL’s stock has seen a -1.34% decrease for the week, with a -14.51% drop in the past month and a -7.24% fall in the past quarter. The volatility ratio for the week is 5.89%, and the volatility levels for the past 30 days are at 4.67% for Marvell Technology Inc. The simple moving average for the last 20 days is -5.77% for MRVL stock, with a simple moving average of -10.80% for the last 200 days.
Analysts’ Opinion of MRVL
Many brokerage firms have already submitted their reports for MRVL stocks, with Raymond James repeating the rating for MRVL by listing it as a “Outperform.” The predicted price for MRVL in the upcoming period, according to Raymond James is $54 based on the research report published on March 02nd of the current year 2023.
Needham, on the other hand, stated in their research note that they expect to see MRVL reach a price target of $50, previously predicting the price at $64. The rating they have provided for MRVL stocks is “Buy” according to the report published on December 02nd, 2022.
Cowen gave a rating of “Outperform” to MRVL, setting the target price at $55 in the report published on December 02nd of the previous year.
MRVL Trading at -4.57% from the 50-Day Moving Average
After a stumble in the market that brought MRVL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -47.30% of loss for the given period.
Volatility was left at 4.67%, however, over the last 30 days, the volatility rate increased by 5.89%, as shares sank -13.65% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.14% upper at present.
During the last 5 trading sessions, MRVL fell by -1.34%, which changed the moving average for the period of 200-days by -33.64% in comparison to the 20-day moving average, which settled at $42.51. In addition, Marvell Technology Inc. saw 8.96% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at MRVL starting from Christman Dan, who sale 6,778 shares at the price of $46.05 back on Feb 09. After this action, Christman Dan now owns 85,425 shares of Marvell Technology Inc., valued at $312,127 using the latest closing price.
Tamer Ford, the Director of Marvell Technology Inc., sale 100,000 shares at $48.00 during a trade that took place back on Feb 02, which means that Tamer Ford is holding 216,083 shares at $4,800,000 based on the most recent closing price.
Stock Fundamentals for MRVL
Current profitability levels for the company are sitting at:
- +6.07 for the present operating margin
- +50.47 for the gross margin
The net margin for Marvell Technology Inc. stands at -2.76. Equity return is now at value -1.10, with -0.70 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.37.
Conclusion
To put it simply, Marvell Technology Inc. (MRVL) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
