Company’s 36-month beta value is 1.49.Analysts have differing opinions on the stock, with 10 analysts rating it as a “buy,” 1 as “overweight,” 12 as “hold,” and 1 as “sell.”
The public float for MRVL is 855.97M, and currently, short sellers hold a 2.45% ratio of that floaft. The average trading volume of MRVL on March 25, 2024 was 14.01M shares.
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MRVL) stock’s latest price update
The stock price of Marvell Technology Inc (NASDAQ: MRVL) has dropped by -0.63 compared to previous close of 66.54. Despite this, the company has seen a fall of -1.61% in its stock price over the last five trading days. InvestorPlace reported 2024-03-25 that The generative artificial intelligence (AI) frenzy has created a massive demand for advanced chips, which are required to support large language models and build AI applications. While Nvidia (NASDAQ: NVDA ) is considered the frontrunner in the generative AI space, analysts are also optimistic about the ability of several other chip companies to grab the opportunities created by generative AI.
MRVL’s Market Performance
Marvell Technology Inc (MRVL) has experienced a -1.61% fall in stock performance for the past week, with a -2.16% drop in the past month, and a 9.74% rise in the past quarter. The volatility ratio for the week is 3.19%, and the volatility levels for the past 30 days are at 3.80% for MRVL.. The simple moving average for the past 20 days is -7.53% for MRVL’s stock, with a 9.79% simple moving average for the past 200 days.
Analysts’ Opinion of MRVL
TD Cowen, on the other hand, stated in their research note that they expect to see MRVL reach a price target of $90, previously predicting the price at $75. The rating they have provided for MRVL stocks is “Outperform” according to the report published on March 08th, 2024.
Cantor Fitzgerald gave a rating of “Overweight” to MRVL, setting the target price at $80 in the report published on January 23rd of the current year.
MRVL Trading at -4.91% 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 -22.90% of loss for the given period.
Volatility was left at 3.80%, however, over the last 30 days, the volatility rate increased by 3.19%, as shares sank -3.64% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.38% upper at present.
During the last 5 trading sessions, MRVL fell by -1.61%, which changed the moving average for the period of 200-days by +11.44% in comparison to the 20-day moving average, which settled at $71.38. In addition, Marvell Technology Inc saw 9.63% 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 Meintjes Willem A, who sale 1,000 shares at the price of $67.79 back on Mar 18 ’24. After this action, Meintjes Willem A now owns 102,986 shares of Marvell Technology Inc, valued at $67,790 using the latest closing price.
Koopmans Chris, the EVP, Chief Operations Officer of Marvell Technology Inc, sale 5,000 shares at $66.44 during a trade that took place back on Mar 15 ’24, which means that Koopmans Chris is holding 114,117 shares at $332,200 based on the most recent closing price.
Stock Fundamentals for MRVL
Current profitability levels for the company are sitting at:
- -0.09 for the present operating margin
- 0.42 for the gross margin
The net margin for Marvell Technology Inc stands at -0.17. The total capital return value is set at -0.02. Equity return is now at value -6.13, with -4.27 for asset returns.
Based on Marvell Technology Inc (MRVL), the company’s capital structure generated 0.23 points at debt to capital in total, while cash flow to debt ratio is standing at 0.32. The debt to equity ratio resting at 0.29. The interest coverage ratio of the stock is -2.26.
Currently, EBITDA for the company is 961.1 million with net debt to EBITDA at 3.82. When we switch over and look at the enterprise to sales, we see a ratio of 11.08. The receivables turnover for the company is 4.91for trailing twelve months and the total asset turnover is 0.26. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.69.
Conclusion
In a nutshell, Marvell Technology Inc (MRVL) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
