In recent trading session, Marvell Technology Inc (NASDAQ:MRVL) saw 2.64 million shares changing hands at last check today with its beta currently measuring 1.46. Company’s recent per share price level of $67.65 trading at $0.98 or 1.47% at last check today assigns it a market valuation of $58.58B. That most recent trading price of MRVL’s stock is at a discount of -26.77% from its 52-week high price of $85.76 and is indicating a premium of 42.9% from its 52-week low price of $38.63. Taking a look at company’s average trading volume of 14.15 million if we extend that period to 3-months.
Marvell Technology Inc (NASDAQ:MRVL) trade information
Upright in the green today for gaining 1.47%, in the last five days MRVL remained trading in the red while hitting it’s week-highest on Monday, 04/29/24 when the stock touched $67.65 price level, adding 3.48% to its value on the day. Marvell Technology Inc’s shares saw a change of 12.17% in year-to-date performance and have moved -2.83% in past 5-day. Marvell Technology Inc (NASDAQ:MRVL) showed a performance of -4.56% in past 30-days.
Marvell Technology Inc (MRVL) estimates and forecasts
Statistics highlight that Marvell Technology Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company added 41.82% of value to its shares in past 6 months, showing an annual growth rate of -10.60% while that of industry is 19.10. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -3.20% from the last financial year’s standing.
25 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 1.17B for the same. And 25 analysts are in estimates of company making revenue of 1.23B in the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -29.04% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -6.19% while estimates for its earnings growth in next 5 years are of 18.20%.
MRVL Dividends
Marvell Technology Inc is more likely to be releasing its next quarterly report in June and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
