In the last trading session, 12.42 million Marvell Technology Inc (NASDAQ:MRVL) shares changed hands as the company’s beta touched 1.46. With the company’s per share price at $67.88 changed hands at -$2.28 or -3.25% during last session, the market valuation stood at $58.78B. MRVL’s last price was a discount, traded about -26.34% off its 52-week high of $85.76. The share price had its 52-week low at $36.90, which suggests the last value was 45.64% up since then. When we look at Marvell Technology Inc’s average trading volume, we note the 3-month average coming to 14.56 million.
Marvell Technology Inc (NASDAQ:MRVL) trade information
Instantly MRVL was in red as seen at the end of in last trading. With action -5.62%, the performance over the past five days has been red. The drop to weekly highs of 74.08 subtracted -3.25% to the stock’s daily price. The company’s shares are showing year-to-date upside of 12.55%, with the 5-day performance at -5.62% in the red. However, in the 30-day time frame, Marvell Technology Inc (NASDAQ:MRVL) is 2.72% up.
Marvell Technology Inc (MRVL) estimates and forecasts
Data shows that the Marvell Technology Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 24.28% over the past 6 months, a -10.60% in annual growth rate that is considerably lower than the industry average of 17.30%. Moreover, analysts have looked to lower expectations by upgrading its fiscal year 2024 revenue estimates. The rating firms predict current quarter revenue for Marvell Technology Inc will fall -22.60%, while the growth in revenue is estimated to hit -12.10% for the next quarter. Year-over-year growth is forecast to reach -3.40% down from the last financial year.
Consensus estimates given by 23 financial analysts project the company’s revenue in the current quarter to hit an average of $1.17 billion. 23 analysts are of the opinion that Marvell Technology Inc’s revenue for the quarter ending Jul 2024 will be $1.23 billion. The company’s revenue for the corresponding quarters a year ago was -$ and -$ respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at –. The estimates for the next quarter sales put growth at –.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -29.04%. The 2024 estimates are for Marvell Technology Inc earnings to decrease by -6.00%, but the outlook for the next 5-year period is at 18.20% per year.
MRVL Dividends
Marvell Technology Inc is expected to release its next quarterly earnings report in May. The 0.35% annual yield figure for the share gives it an annual dividend of 0.24. It is important to note, however, that the 0.35% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.
