Marvell Technology Inc (NASDAQ: MRVL)’s stock price has plunge by -3.35relation to previous closing price of 73.45. Nevertheless, the company has seen a -3.90% plunge in its stock price over the last five trading sessions. fool.com reported 2024-09-27 that Arm’s chips are everywhere, and its high-margin business model could translate to phenomenal returns. Marvell stands to benefit from the AI infrastructure buildout as well as a recovery in its non-AI businesses.
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 854.92M, and at present, short sellers hold a 2.22% of that float. On September 30, 2024, the average trading volume of MRVL was 11.40M shares.
MRVL’s Market Performance
MRVL stock saw an increase of -3.90% in the past week, with a monthly gain of 3.73% and a quarterly increase of 1.56%. The volatility ratio for the week is 4.02%, and the volatility levels for the last 30 days are 4.39% for Marvell Technology Inc (MRVL). The simple moving average for the last 20 days is -1.50% for MRVL stock, with a simple moving average of 3.66% for the last 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 4.27% 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 -17.22% of loss for the given period.
Volatility was left at 4.39%, however, over the last 30 days, the volatility rate increased by 4.02%, as shares surge +1.65% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.08% upper at present.
During the last 5 trading sessions, MRVL fell by -3.90%, which changed the moving average for the period of 200-days by +30.30% in comparison to the 20-day moving average, which settled at $72.13. In addition, Marvell Technology Inc saw 17.71% 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 6,000 shares at the price of $73.29 back on Sep 16 ’24. After this action, MURPHY MATTHEW J now owns 208,915 shares of Marvell Technology Inc, valued at $439,740 using the latest closing price.
Meintjes Willem A, the Chief Financial Officer of Marvell Technology Inc, sale 1,500 shares at $73.87 during a trade that took place back on Sep 16 ’24, which means that Meintjes Willem A is holding 111,753 shares at $110,805 based on the most recent closing price.
Stock Fundamentals for MRVL
Current profitability levels for the company are sitting at:
- -0.08 for the present operating margin
- 0.44 for the gross margin
The net margin for Marvell Technology Inc stands at -0.18. The total capital return value is set at -0.02. Equity return is now at value -6.53, with -4.59 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 0.4. The debt to equity ratio resting at 0.3. The interest coverage ratio of the stock is -1.97.
Currently, EBITDA for the company is 961.1 million with net debt to EBITDA at 3.88. When we switch over and look at the enterprise to sales, we see a ratio of 12.39. The receivables turnover for the company is 4.98for 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 1.79.
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.
