Moreover, the 36-month beta value for MRVL is 1.46. Analysts have varying 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 855.58M and currently, short sellers hold a 2.83% of that float. On May 06, 2024, MRVL’s average trading volume was 14.15M shares.
MRVL) stock’s latest price update
The stock price of Marvell Technology Inc (NASDAQ: MRVL) has surged by 2.76 when compared to previous closing price of 66.67, but the company has seen a -1.59% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-02 that Despite the slide, the outlook for the semiconductor sector is promising and given the diversification benefits of ETFs, investors may want to consider the recent slump a buying opportunity.
MRVL’s Market Performance
Marvell Technology Inc (MRVL) has experienced a -1.59% fall in stock performance for the past week, with a -3.34% drop in the past month, and a 1.45% rise in the past quarter. The volatility ratio for the week is 3.73%, and the volatility levels for the past 30 days are at 3.91% for MRVL. The simple moving average for the past 20 days is 1.13% for MRVL’s stock, with a 11.75% simple moving average for the past 200 days.
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 -1.87% 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 -20.11% of loss for the given period.
Volatility was left at 3.91%, however, over the last 30 days, the volatility rate increased by 3.73%, as shares sank -5.70% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.95% lower at present.
During the last 5 trading sessions, MRVL fell by -1.59%, which changed the moving average for the period of 200-days by +4.39% in comparison to the 20-day moving average, which settled at $67.54. In addition, Marvell Technology Inc saw 13.60% 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 $64.49 back on May 01 ’24. After this action, Meintjes Willem A now owns 110,218 shares of Marvell Technology Inc, valued at $64,490 using the latest closing price.
Casper Mark, the EVP & Chief Legal Officer of Marvell Technology Inc, sale 2,500 shares at $64.75 during a trade that took place back on Apr 19 ’24, which means that Casper Mark is holding 21,266 shares at $161,875 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 11.46. 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 wrap up, the performance of Marvell Technology Inc (MRVL) has been mixed in recent times. The stock has received a mixed of “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.
