The 36-month beta value for MRVL is at 1.45. Analysts have varying views on the stock, with 10 analysts rating it as a “buy,” 1 rating it as “overweight,” 12 as “hold,” and 1 as “sell.”
The public float for MRVL is 854.91M, and currently, shorts hold a 2.03% of that float. The average trading volume for MRVL on October 21, 2024 was 11.72M shares.
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MRVL) stock’s latest price update
The stock price of Marvell Technology Inc (NASDAQ: MRVL) has dropped by -0.08 compared to previous close of 79.91. Despite this, the company has seen a gain of 7.89% in its stock price over the last five trading days. finbold.com reported 2024-10-20 that Marvell Technology (NASDAQ: MRVL) stock is currently witnessing a surge in insider trading activity, marked by both buying and selling from the company’s top executives.
MRVL’s Market Performance
Marvell Technology Inc (MRVL) has experienced a 7.89% rise in stock performance for the past week, with a 6.64% rise in the past month, and a 15.71% rise in the past quarter. The volatility ratio for the week is 4.63%, and the volatility levels for the past 30 days are at 3.76% for MRVL. The simple moving average for the last 20 days is 7.65% for MRVL’s stock, with a simple moving average of 14.47% 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 11.40% 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 -6.89% of loss for the given period.
Volatility was left at 3.76%, however, over the last 30 days, the volatility rate increased by 4.63%, as shares surge +8.10% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +30.56% upper at present.
During the last 5 trading sessions, MRVL rose by +7.89%, which changed the moving average for the period of 200-days by +40.68% in comparison to the 20-day moving average, which settled at $74.18. In addition, Marvell Technology Inc saw 32.40% 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 Hussain Muhammad Raghib, who sale 150,000 shares at the price of $80.50 back on Oct 15 ’24. After this action, Hussain Muhammad Raghib now owns 694,487 shares of Marvell Technology Inc, valued at $12,075,000 using the latest closing price.
Meintjes Willem A, the Chief Financial Officer of Marvell Technology Inc, sale 1,500 shares at $80.50 during a trade that took place back on Oct 15 ’24, which means that Meintjes Willem A is holding 110,253 shares at $120,750 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 13.84. 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
In conclusion, Marvell Technology Inc (MRVL) has had a better 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.
