The stock of Marvell Technology Inc (NASDAQ: MRVL) has increased by 2.50 when compared to last closing price of 70.88.Despite this, the company has seen a gain of 2.50% in its stock price over the last five trading days. The Motley Fool reported 2024-04-06 that Marvell has outperformed the S&P 500 over the past three years. Marvell expects the expansion of its AI-oriented optical chips to boost its near-term growth.
Is It Worth Investing in Marvell Technology Inc (NASDAQ: MRVL) Right Now?
MRVL has 36-month beta value of 1.46. Analysts have mixed views 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 855.98M, and currently, short sellers hold a 2.43% ratio of that float. The average trading volume of MRVL on April 08, 2024 was 14.66M shares.
MRVL’s Market Performance
MRVL stock saw a decrease of 2.50% in the past week, with a monthly decline of -10.72% and a quarterly a decrease of 25.11%. The volatility ratio for the week is 4.29%, and the volatility levels for the last 30 days are 3.99% for Marvell Technology Inc (MRVL). The simple moving average for the last 20 days is 3.46% for MRVL’s stock, with a simple moving average of 19.85% for the last 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 3.71% 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 -15.28% of loss for the given period.
Volatility was left at 3.99%, however, over the last 30 days, the volatility rate increased by 4.29%, as shares sank -14.62% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.51% upper at present.
During the last 5 trading sessions, MRVL rose by +2.50%, which changed the moving average for the period of 200-days by +19.43% in comparison to the 20-day moving average, which settled at $69.60. In addition, Marvell Technology Inc saw 20.46% 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 $71.50 back on Apr 01 ’24. After this action, Meintjes Willem A now owns 101,986 shares of Marvell Technology Inc, valued at $71,500 using the latest closing price.
Meintjes Willem A, the Chief Financial Officer of Marvell Technology Inc, sale 1,000 shares at $67.79 during a trade that took place back on Mar 18 ’24, which means that Meintjes Willem A is holding 102,986 shares at $67,790 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 12.1. 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
To put it simply, Marvell Technology Inc (MRVL) has had a better 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.
