During the recent session, Marvell Technology Inc (NASDAQ:MRVL)’s traded shares were 13.73 million, with the beta value of the company hitting 1.45. At the last check today, the stock’s price was $74.33, reflecting an intraday gain of 6.42% or $4.49. The 52-week high for the MRVL share is $85.76, that puts it down -15.38 from that peak though still a striking 38.02% gain since the share price plummeted to a 52-week low of $46.07. The company’s market capitalization is $64.34B, and the average intraday trading volume over the past 10 days was 10.57 million shares, and the average trade volume was 11.38 million shares over the past three months.
Marvell Technology Inc (MRVL) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.24. MRVL has a Sell rating from 0 analyst(s) out of 27 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 24 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.38.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Marvell Technology Inc (NASDAQ:MRVL) trade information
Marvell Technology Inc (MRVL) registered a 6.42% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 6.42% in intraday trading to $74.33, hitting a weekly high. The stock’s 5-day price performance is 3.46%, and it has moved by 17.86% in 30 days. Based on these gigs, the overall price performance for the year is 29.62%. The short interest in Marvell Technology Inc (NASDAQ:MRVL) is 36.51 million shares and it means that shorts have 3.19 day(s) to cover.
The consensus price target of analysts on Wall Street is $90, which implies an increase of 17.41% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $53 and $115 respectively. As a result, MRVL is trading at a discount of -54.72% off the target high and 28.7% off the low.
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 down -4.23% during the last six months, with a year-to-date growth rate less than the industry average at -7.95% against 17.40. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -7.30% this quarter and then jump 4.30% in the quarter after that. In the rating firms’ projections, revenue will decrease -1.80% 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 1.4B as predicted by 26 analyst(s). Meanwhile, a consensus of 26 analyst(s) estimates revenue growth to 1.58B 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 -3.67% in 2024, the next five years will return 18.63% per annum.
MRVL Dividends
Marvell Technology Inc is due to release its next quarterly earnings on 2024-Nov-28. 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 0.32 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 0.54%.
Marvell Technology Inc (NASDAQ:MRVL)’s Major holders
Marvell Technology Inc insiders own 0.48% of total outstanding shares while institutional holders control 91.79%, with the float percentage being 92.23%. FMR LLC is the largest shareholder of the company, while 1596.0 institutions own stock in it. As of 2024-06-30, the company held over 129.87 million shares (or 15.0142% of all shares), a total value of $9.08 billion in shares.
The next largest institutional holding, with 74.41 million shares, is of VANGUARD GROUP INC’s that is approximately 8.6023% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $5.2 billion.
