Maravai LifeSciences Holdings Inc (NASDAQ: MRVI) has seen a rise in its stock price by 21.46 in relation to its previous close of 7.97. However, the company has experienced a 13.35% gain in its stock price over the last five trading sessions. reuters.com reported 2024-08-16 that Repligen, a provider of drug manufacturing equipment, has approached Maravai LifeSciences Holdings, a vaccine capping reagent vendor that has a market value of $2.2 billion, with an acquisition offer, people familiar with the matter said on Friday.
Is It Worth Investing in Maravai LifeSciences Holdings Inc (NASDAQ: MRVI) Right Now?
The 36-month beta value for MRVI is at 0.03. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for MRVI is 108.70M, and currently, shorts hold a 7.29% of that float. The average trading volume for MRVI on August 19, 2024 was 2.13M shares.
MRVI’s Market Performance
MRVI’s stock has seen a 13.35% increase for the week, with a 7.56% rise in the past month and a -12.79% fall in the past quarter. The volatility ratio for the week is 12.33%, and the volatility levels for the past 30 days are at 8.23% for Maravai LifeSciences Holdings Inc The simple moving average for the last 20 days is 9.80% for MRVI stock, with a simple moving average of 30.31% for the last 200 days.
Analysts’ Opinion of MRVI
Many brokerage firms have already submitted their reports for MRVI stocks, with Morgan Stanley repeating the rating for MRVI by listing it as a “Equal-Weight.” The predicted price for MRVI in the upcoming period, according to Morgan Stanley is $10 based on the research report published on August 13, 2024 of the current year 2024.
Craig Hallum, on the other hand, stated in their research note that they expect to see MRVI reach a price target of $15. The rating they have provided for MRVI stocks is “Buy” according to the report published on April 10th, 2024.
BofA Securities gave a rating of “Buy” to MRVI, setting the target price at $8 in the report published on December 12th of the previous year.
MRVI Trading at 18.23% from the 50-Day Moving Average
After a stumble in the market that brought MRVI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -16.23% of loss for the given period.
Volatility was left at 8.23%, however, over the last 30 days, the volatility rate increased by 12.33%, as shares surge +12.04% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.43% upper at present.
During the last 5 trading sessions, MRVI rose by +13.35%, which changed the moving average for the period of 200-days by +38.29% in comparison to the 20-day moving average, which settled at $8.87. In addition, Maravai LifeSciences Holdings Inc saw 47.79% 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 MRVI starting from GTCR INVESTMENT XI LLC, who sale 9,940,974 shares at the price of $9.81 back on May 28 ’24. After this action, GTCR INVESTMENT XI LLC now owns 20,150,005 shares of Maravai LifeSciences Holdings Inc, valued at $97,570,660 using the latest closing price.
Stock Fundamentals for MRVI
Current profitability levels for the company are sitting at:
- -0.16 for the present operating margin
- 0.42 for the gross margin
The net margin for Maravai LifeSciences Holdings Inc stands at -0.47. The total capital return value is set at -0.03. Equity return is now at value -27.59, with -7.12 for asset returns.
Based on Maravai LifeSciences Holdings Inc (MRVI), the company’s capital structure generated 0.55 points at debt to capital in total, while cash flow to debt ratio is standing at 0.06. The debt to equity ratio resting at 1.21. The interest coverage ratio of the stock is -10.46.
Currently, EBITDA for the company is 44.58 million with net debt to EBITDA at -1.64. When we switch over and look at the enterprise to sales, we see a ratio of 8.43. The receivables turnover for the company is 7.1for trailing twelve months and the total asset turnover is 0.19. The liquidity ratio also appears to be rather interesting for investors as it stands at 10.00.
Conclusion
In conclusion, Maravai LifeSciences Holdings Inc (MRVI) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
