The stock of Marvell Technology Inc (MRVL) has gone down by -11.45% for the week, with a -5.20% drop in the past month and a -12.59% drop in the past quarter. The volatility ratio for the week is 4.52%, and the volatility levels for the past 30 days are 4.10% for MRVL. The simple moving average for the past 20 days is -11.26% for MRVL’s stock, with a 1.62% simple moving average for the past 200 days.
Is It Worth Investing in Marvell Technology Inc (NASDAQ: MRVL) Right Now?
MRVL has 36-month beta value of 1.47. 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 855.95M, and currently, short sellers hold a 2.08% ratio of that float. The average trading volume of MRVL on April 22, 2024 was 14.32M shares.
MRVL) stock’s latest price update
The stock of Marvell Technology Inc (NASDAQ: MRVL) has decreased by -4.77 when compared to last closing price of 65.24. Despite this, the company has experienced a -11.45% fall in its stock price over the last five trading sessions. InvestorPlace reported 2024-04-21 that With the innovation sector broadly suffering a corrective spell, it’s tempting to jump on tech stocks to buy now. However, the million-dollar question has always been, which ones?
Analysts’ Opinion of MRVL
Many brokerage firms have already submitted their reports for MRVL stocks, with Evercore ISI repeating the rating for MRVL by listing it as a “Outperform.” The predicted price for MRVL in the upcoming period, according to Evercore ISI is $88 based on the research report published on April 16, 2024 of the current year 2024.
TD Cowen gave a rating of “Outperform” to MRVL, setting the target price at $90 in the report published on March 08th of the current year.
MRVL Trading at -11.64% 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 -27.55% of loss for the given period.
Volatility was left at 4.10%, however, over the last 30 days, the volatility rate increased by 4.52%, as shares sank -6.70% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -10.44% lower at present.
During the last 5 trading sessions, MRVL fell by -11.45%, which changed the moving average for the period of 200-days by +3.88% in comparison to the 20-day moving average, which settled at $69.79. In addition, Marvell Technology Inc saw 3.02% 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 MURPHY MATTHEW J, who sale 30,000 shares at the price of $68.82 back on Apr 15 ’24. After this action, MURPHY MATTHEW J now owns 716,545 shares of Marvell Technology Inc, valued at $2,064,600 using the latest closing price.
Koopmans Chris, the EVP, Chief Operations Officer of Marvell Technology Inc, sale 5,000 shares at $71.25 during a trade that took place back on Apr 15 ’24, which means that Koopmans Chris is holding 109,117 shares at $356,250 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 10.45. 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 mixed 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.
