In the last trading session, 21.44 million Marvell Technology Inc (NASDAQ:MRVL) shares changed hands as the company’s beta touched 1.76. With the company’s per share price at $61.42 changed hands at -$1.14 or -1.82% during last session, the market valuation stood at $53.06B. MRVL’s last price was a discount, traded about -107.55% off its 52-week high of $127.48. The share price had its 52-week low at $47.08, which suggests the last value was 23.35% up since then.
Analysts gave the Marvell Technology Inc (MRVL) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.29. If we narrow down to specifics, the data shows that 0 out of 27 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 2 recommended MRVL as a Hold, 24 felt it is a Buy and 0 rated the stock as Underweight.
Marvell Technology Inc (NASDAQ:MRVL) trade information
Instantly MRVL was in red as seen at the end of in last trading. With action -6.20%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -44.39%, with the 5-day performance at -6.20% in the red. However, in the 30-day time frame, Marvell Technology Inc (NASDAQ:MRVL) is 24.38% up.
The consensus price target for the stock as assigned by Wall Street analysts is 110, meaning bulls need an upside of 44.16% from its current market value. According to analyst projections, MRVL’s forecast low is 90 with 122 as the target high. To hit the forecast high, the stock’s price needs a -98.63% plunge from its current level, while the stock would need to soar -46.53% for it to hit the projected low.
The 2025 estimates are for Marvell Technology Inc earnings to increase by 77.68%, but the outlook for the next 5-year period is at 40.76% per year.
MRVL Dividends
Marvell Technology Inc is expected to release its next quarterly earnings report in June. The 0.39% annual yield figure for the share gives it an annual dividend of 0.24. It is important to note, however, that the 0.39% 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.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 8.5953% or 74.41 million shares worth $5.2 billion as of 2024-06-30.
