In last trading session, Marvell Technology Inc (NASDAQ:MRVL) saw 19.35 million shares changing hands with its beta currently measuring 1.78. Company’s recent per share price level of $75.93 trading at $0.72 or 0.96% at ring of the bell on the day assigns it a market valuation of $65.47B. That closing price of MRVL’s stock is at a discount of -67.89% from its 52-week high price of $127.48 and is indicating a premium of 38.0% from its 52-week low price of $47.08.
For Marvell Technology Inc (MRVL), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.33. Splitting up the data highlights that, out of 27 analysts covering the stock, 0 rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 24 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.
Marvell Technology Inc (NASDAQ:MRVL) trade information
Upright in the green during last session for gaining 0.96%, in the last five days MRVL remained trading in the green while hitting it’s week-highest on Wednesday, 06/18/25 when the stock touched $75.93 price level, adding 2.22% to its value on the day. Marvell Technology Inc’s shares saw a change of 5.62% in year-to-date performance and have moved 8.49% in past 5-day. Marvell Technology Inc (NASDAQ:MRVL) showed a performance of 25.11% in past 30-days.
Wall Street analysts have assigned a consensus price target of 105 to the stock, which implies a rise of 27.69% to its current value. Analysts have been projecting 90 as a low price target for the stock while placing it at a high target of 115. It follows that stock’s current price would drop -18.53% in reaching the projected high whereas dropping to the targeted low would mean a loss of -18.53% for stock’s current value.
In 2025, company’s earnings growth rate is likely to be around 77.82% while estimates for its earnings growth in next 5 years are of 40.29%.
Marvell Technology Inc (NASDAQ:MRVL)’s Major holders
FMR LLC is the top institutional holder at MRVL for having 129.87 million shares of worth $9.08 billion. And as of 2024-06-30, it was holding 15.0021 of the company’s outstanding shares.
The second largest institutional holder is VANGUARD GROUP INC, which was holding about 74.41 million shares on 2024-06-30. The number of shares represents firm’s hold over 8.5953 of outstanding shares, having a total worth of $5.2 billion.
