During the recent session, Marvell Technology Inc (NASDAQ:MRVL)’s traded shares were 2.16 million, with the beta value of the company hitting 1.46. At the last check today, the stock’s price was $69.39, reflecting an intraday gain of 2.84% or $1.91. The 52-week high for the MRVL share is $85.76, that puts it down -23.59 from that peak though still a striking 46.07% gain since the share price plummeted to a 52-week low of $37.42. The company’s market capitalization is $60.10B, and the average trade volume was 14.05 million shares over the past three months.
Marvell Technology Inc (NASDAQ:MRVL) trade information
Marvell Technology Inc (MRVL) registered a 2.84% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 2.84% in intraday trading to $69.39, hitting a weekly high. The stock’s 5-day price performance is 11.69%, and it has moved by -4.03% in 30 days. Based on these gigs, the overall price performance for the year is 82.23%.
Marvell Technology Inc (MRVL) estimates and forecasts
Statistics show that Marvell Technology Inc has underperformed its competitors in share price, compared to the industry in which it operates. Marvell Technology Inc (MRVL) shares have gone up 45.94% during the last six months, with a year-to-date growth rate less than the industry average at -10.60% against 19.30. In the rating firms’ projections, revenue will decrease -3.20% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 1.17B as predicted by 25 analyst(s). Meanwhile, a consensus of 25 analyst(s) estimates revenue growth to 1.23B by the end of current fiscal year.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -29.04%. While earnings are projected to return -6.19% in 2024, the next five years will return 18.20% per annum.
MRVL Dividends
Marvell Technology Inc is due to release its next quarterly earnings in May. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Marvell Technology Inc is 0.24, with the dividend yield indicating at 0.35 percent, continuing the trend of increasing dividends in recent years.
