Additionally, the 36-month beta value for MRVL is 1.44. There are mixed opinions on the stock, with 24 analysts rating it as a “buy,” 9 rating it as “overweight,” 12 rating it as “hold,” and 1 rating it as “sell.”
The public float for MRVL is 858.77M and currently, short sellers hold a 2.12% ratio of that float. The average trading volume of MRVL on November 18, 2024 was 11.18M shares.
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MRVL) stock’s latest price update
Marvell Technology Inc (NASDAQ: MRVL) has experienced a decline in its stock price by -3.16 compared to its previous closing price of 90.70. However, the company has seen a fall of -6.36% in its stock price over the last five trading days. zacks.com reported 2024-11-14 that In the most recent trading session, Marvell Technology (MRVL) closed at $90.70, indicating a +0.7% shift from the previous trading day.
MRVL’s Market Performance
Marvell Technology Inc (MRVL) has experienced a -6.36% fall in stock performance for the past week, with a 9.91% rise in the past month, and a 23.63% rise in the past quarter. The volatility ratio for the week is 3.07%, and the volatility levels for the past 30 days are at 3.03% for MRVL. The simple moving average for the last 20 days is 1.53% for MRVL’s stock, with a simple moving average of 22.44% for the last 200 days.
Analysts’ Opinion of MRVL
Many brokerage firms have already submitted their reports for MRVL stocks, with Loop Capital repeating the rating for MRVL by listing it as a “Hold.” The predicted price for MRVL in the upcoming period, according to Loop Capital is $95 based on the research report published on November 12, 2024 of the current year 2024.
Jefferies, on the other hand, stated in their research note that they expect to see MRVL reach a price target of $85, previously predicting the price at $98. The rating they have provided for MRVL stocks is “Buy” according to the report published on May 13th, 2024.
Evercore ISI gave a rating of “Outperform” to MRVL, setting the target price at $88 in the report published on April 16th of the current year.
MRVL Trading at 11.34% 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 -7.63% of loss for the given period.
Volatility was left at 3.03%, however, over the last 30 days, the volatility rate increased by 3.07%, as shares surge +9.99% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +32.67% upper at present.
During the last 5 trading sessions, MRVL fell by -6.36%, which changed the moving average for the period of 200-days by +31.34% in comparison to the 20-day moving average, which settled at $86.51. In addition, Marvell Technology Inc saw 45.63% 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 KOOPMANS FAMILY TRUST U/A DTD, who proposed sale 6,000 shares at the price of $89.14 back on Nov 15 ’24. After this action, KOOPMANS FAMILY TRUST U/A DTD now owns shares of Marvell Technology Inc, valued at $534,840 using the latest closing price.
WILLEM MEINTJES, the Officer of Marvell Technology Inc, proposed sale 1,500 shares at $89.14 during a trade that took place back on Nov 15 ’24, which means that WILLEM MEINTJES is holding shares at $133,710 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 0.41. The debt to equity ratio resting at 0.29. The interest coverage ratio of the stock is -1.97.
Currently, EBITDA for the company is 850.7 million with net debt to EBITDA at 3.66. When we switch over and look at the enterprise to sales, we see a ratio of 15.09. 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 seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as 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.
