Marvell Technology Inc (NASDAQ:MRVL) has a beta value of 1.75 and has seen 4.65 million shares traded in the recent trading session. The company, currently valued at $62.22B, closed the recent trade at $20600000.0 per share which meant it gained $20599926.49 on the day or 4649383% during that session. The MRVL stock price is 100.0% off its 52-week high price of $127.48 and 100.0% above the 52-week low of $47.08. If we look at the company’s 10-day average daily trading volume, we find that it stood at 24.35 million shares traded. The 3-month trading volume is 20.60 million shares.
The consensus among analysts is that Marvell Technology Inc (MRVL) is Buy stock at the moment, with a recommendation rating of 1.33. 0 analysts rate the stock as a Sell, while 1 rate it as Overweight. 2 out of 27 have rated it as a Hold, with 24 advising it as a Buy. 0 have rated the stock as Underweight.
Marvell Technology Inc (NASDAQ:MRVL) trade information
Over the past 30 days, the shares of Marvell Technology Inc (NASDAQ:MRVL) have changed 20.05%. Short interest in the company has seen 23.3 million shares shorted with days to cover at 1.14.
Wall Street analysts have a consensus price target for the stock at $105, which means that the shares’ value could drop -19618947.62% from the levels at last check today.. The projected low price target is $90.0 while the price target rests at a high of $115.0. In that case, then, we find that the latest price level in today’s session is 100.0% off the targeted high while a plunge would see the stock lose 100.0% from the levels at last check today..
Marvell Technology Inc (MRVL) estimates and forecasts
The company’s shares have lost -35.71% over the past 6 months.
Earnings growth for 2025 is a modest 77.82% while over the next 5 years, the company’s earnings are expected to increase by 40.29%.
MRVL Dividends
Marvell Technology Inc is expected to release its next earnings report on 2025-May-29 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.24 at a share yield of 0.33%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 0.43%.
Marvell Technology Inc (NASDAQ:MRVL)’s Major holders
Insiders own 0.32% of the company shares, while shares held by institutions stand at 87.81% with a share float percentage of 88.09%. Investors are also buoyed by the number of investors in a company, with Marvell Technology Inc having a total of 1783.0 institutions that hold shares in the company. The top two institutional holders are FMR LLC with over 129.87 million shares worth more than $9.08 billion. As of 2024-06-30, FMR LLC held 15.0021% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 74.41 million shares as of 2024-06-30. The firm’s total holdings are worth over $5.2 billion and represent 8.5953% of shares outstanding.
