MRVL has 36-month beta value of 1.44. Analysts have mixed views on the stock, with 24 analysts rating it as a “buy,” 9 as “overweight,” 12 as “hold,” and 1 as “sell.”
The public float for MRVL is 858.78M, and currently, short sellers hold a 2.37% ratio of that float. The average trading volume of MRVL on November 29, 2024 was 10.84M shares.
MRVL) stock’s latest price update
The stock of Marvell Technology Inc (NASDAQ: MRVL) has increased by 3.93 when compared to last closing price of 90.10. Despite this, the company has experienced a 0.75% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-08-26 that Evaluate the expected performance of Marvell (MRVL) for the quarter ended July 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
MRVL’s Market Performance
Marvell Technology Inc (MRVL) has seen a 0.75% rise in stock performance for the week, with a 13.09% gain in the past month and a 22.82% surge in the past quarter. The volatility ratio for the week is 3.74%, and the volatility levels for the past 30 days are at 3.25% for MRVL. The simple moving average for the past 20 days is 3.42% for MRVL’s stock, with a 28.71% simple moving average for the past 200 days.
Analysts’ Opinion of MRVL
Many brokerage firms have already submitted their reports for MRVL stocks, with Oppenheimer repeating the rating for MRVL by listing it as a “Outperform.” The predicted price for MRVL in the upcoming period, according to Oppenheimer is $110 based on the research report published on November 26, 2024 of the current year 2024.
Loop Capital, on the other hand, stated in their research note that they expect to see MRVL reach a price target of $95. The rating they have provided for MRVL stocks is “Hold” according to the report published on November 12th, 2024.
Jefferies gave a rating of “Buy” to MRVL, setting the target price at $85 in the report published on May 13th of the current year.
MRVL Trading at 13.92% 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 -2.00% of loss for the given period.
Volatility was left at 3.25%, however, over the last 30 days, the volatility rate increased by 3.74%, as shares surge +16.44% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +24.57% upper at present.
During the last 5 trading sessions, MRVL rose by +0.37%, which changed the moving average for the period of 200-days by +35.27% in comparison to the 20-day moving average, which settled at $90.52. In addition, Marvell Technology Inc saw 55.26% 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 $89.14 back on Nov 15 ’24. After this action, Meintjes Willem A now owns 114,211 shares of Marvell Technology Inc, valued at $133,710 using the latest closing price.
Koopmans Chris, the EVP, Chief Operations Officer of Marvell Technology Inc, sale 6,000 shares at $89.14 during a trade that took place back on Nov 15 ’24, which means that Koopmans Chris is holding 103,244 shares at $534,840 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 16.01. 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 put it simply, Marvell Technology Inc (MRVL) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others 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.
