Maravai LifeSciences Holdings Inc (NASDAQ:MRVI)’s traded shares stood at 1.53 million during the last session, with the company’s beta value hitting 0.01. At the close of trading, the stock’s price was $7.02, to imply a decrease of -1.54% or -$0.11 in intraday trading. The MRVI share’s 52-week high remains $11.56, putting it -64.67% down since that peak but still an impressive 35.61% since price per share fell to its 52-week low of $4.52. The company has a valuation of $993.68M, with an average of 1.35 million shares in intraday trading volume over the past 10 days and average of 1.94 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Maravai LifeSciences Holdings Inc (MRVI), translating to a mean rating of 1.60. Of 7 analyst(s) looking at the stock, 0 analyst(s) give MRVI a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 6 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.01.
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Maravai LifeSciences Holdings Inc (NASDAQ:MRVI) trade information
After registering a -1.54% downside in the last session, Maravai LifeSciences Holdings Inc (MRVI) has traded red over the past five days. The 5-day price performance for the stock is -15.93%, and -16.03% over 30 days. With these gigs, the year-to-date price performance is 7.18%. Short interest in Maravai LifeSciences Holdings Inc (NASDAQ:MRVI) saw shorts transact 9.22 million shares and set a 5.63 days time to cover.
The extremes give us $10 and $25 for target low and target high price respectively. As such, MRVI has been trading -256.13% off suggested target high and -42.45% from its likely low.
Maravai LifeSciences Holdings Inc (MRVI) estimates and forecasts
Looking at statistics comparing Maravai LifeSciences Holdings Inc share performance against respective industry, we note that the company has underperformed competitors. Maravai LifeSciences Holdings Inc (MRVI) shares are -8.83% down over the last 6 months, with its year-to-date growth rate lower than industry average at -166.67% against 11.50%. The rating firms project that company’s revenue will shrink -4.60% compared to the previous financial year.
Revenue forecast for the current quarter as set by 12 analysts is 67.55M. Meanwhile, for the current quarter, a total of 12 analyst(s) estimate revenue growth to 70.46M.Earnings reports from the last fiscal year show that sales brought in 66.86M and 74.14M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 1.00% before dropping -5.00% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -37.53% for the past 5-year period. While 2024 is set for a -211.42% return in earnings, projections for the next 5 years are at 61.34% annually.
MRVI Dividends
Maravai LifeSciences Holdings Inc has its next earnings report out on 2024-Nov-07. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Maravai LifeSciences Holdings Inc (NASDAQ:MRVI)’s Major holders
Maravai LifeSciences Holdings Inc insiders hold 1.36% of total outstanding shares, with institutional holders owning 105.49% of the shares at 106.95% float percentage. In total, 105.49% institutions holds shares in the company, led by GTCR LLC. As of 2024-06-30, the company held over 20.15 million shares (or 15.2267% of shares), all amounting to roughly $144.27 million.
The next major institution holding the largest number of shares is 12 WEST CAPITAL MANAGEMENT LP with 13.21 million shares, or about 9.9833% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $94.59 million.
We also have Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF as the top two Mutual Funds with the largest holdings of the Maravai LifeSciences Holdings Inc (MRVI) shares. Going by data provided on Jun 30, 2024 , Vanguard Total Stock Market Index Fund holds roughly 3.39 shares. This is just over 2.39% of the total shares, with a market valuation of $23.78 million. Data from the same date shows that the other fund manager holds a little less at 2.88, or 2.03% of the shares, all valued at about 20.22 million.
