The stock of Marvell Technology Inc (NASDAQ: MRVL) has increased by 4.63 when compared to last closing price of 68.66. Despite this, the company has experienced a 3.64% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-08-22 that AI-driven Data Center has been the lone bright spot for Marvell, as the rest of the business has been hit hard by the cyclical semiconductor correction. I see some room for upside in the coming FQ2 report from strong demand for electro-optics and custom ASIC launches, but the non-data center businesses will be down meaningfully year-over-year. The company’s focus on electro-optics and custom silicon positions it well for AI growth, with potential revenue growth of 15%-20% or higher over the next five years.
Is It Worth Investing in Marvell Technology Inc (NASDAQ: MRVL) Right Now?
The stock has a 36-month beta value of 1.45. Opinions on the stock are mixed, with 10 analysts rating it as a “buy,” 1 as “overweight,” 12 as “hold,” and 1 as “sell.”
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The public float for MRVL is 854.55M, and at present, short sellers hold a 4.16% of that float. On August 26, 2024, the average trading volume of MRVL was 11.42M shares.
MRVL’s Market Performance
MRVL stock saw an increase of 3.64% in the past week, with a monthly gain of 12.27% and a quarterly increase of -4.24%. The volatility ratio for the week is 3.99%, and the volatility levels for the last 30 days are 5.01% for Marvell Technology Inc (MRVL). The simple moving average for the past 20 days is 11.94% for MRVL’s stock, with a 8.25% simple moving average for the past 200 days.
Analysts’ Opinion of MRVL
Many brokerage firms have already submitted their reports for MRVL stocks, with Jefferies repeating the rating for MRVL by listing it as a “Buy.” The predicted price for MRVL in the upcoming period, according to Jefferies is $85 based on the research report published on May 13, 2024 of the current year 2024.
Evercore ISI, on the other hand, stated in their research note that they expect to see MRVL reach a price target of $88. The rating they have provided for MRVL stocks is “Outperform” according to the report published on April 16th, 2024.
MRVL Trading at 5.34% 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 -16.23% of loss for the given period.
Volatility was left at 5.01%, however, over the last 30 days, the volatility rate increased by 3.99%, as shares surge +9.31% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.07% lower at present.
During the last 5 trading sessions, MRVL rose by +3.64%, which changed the moving average for the period of 200-days by +40.20% in comparison to the 20-day moving average, which settled at $64.48. In addition, Marvell Technology Inc saw 19.12% 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 1,500 shares at the price of $66.75 back on Aug 15 ’24. After this action, Meintjes Willem A now owns 113,253 shares of Marvell Technology Inc, valued at $100,125 using the latest closing price.
WILLEM MEINTJES, the Officer of Marvell Technology Inc, proposed sale 1,500 shares at $66.75 during a trade that took place back on Aug 15 ’24, which means that WILLEM MEINTJES is holding shares at $100,125 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 -0.18. The total capital return value is set at -0.03. Equity return is now at value -6.54, with -4.58 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 0.35. The debt to equity ratio resting at 0.3. The interest coverage ratio of the stock is -2.44.
Currently, EBITDA for the company is 961.1 million with net debt to EBITDA at 4.1. When we switch over and look at the enterprise to sales, we see a ratio of 12.35. The receivables turnover for the company is 6.06for 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 1.80.
Conclusion
To sum up, Marvell Technology Inc (MRVL) has seen a better performance recently. Analysts have differing views on the stock, with some seeing 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.
