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After finishing at $64.35 in the prior trading day, Marvell Technology Inc (NASDAQ: MRVL) closed at $63.99, down -0.56%. In other words, the price has decreased by -$0.56 from its previous closing price. On the day, 13.62 million shares were traded. MRVL stock price reached its highest trading level at $66.6075 during the session, while it also had its lowest trading level at $62.12.
Ratios:
Our goal is to gain a better understanding of MRVL by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 65.34 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 47.81. For the most recent quarter (mrq), Quick Ratio is recorded 1.24 and its Current Ratio is at 1.80. In the meantime, Its Debt-to-Equity ratio is 0.32 whereas as Long-Term Debt/Eq ratio is at 0.30.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Jefferies on May 13, 2024, initiated with a Buy rating and assigned the stock a target price of $85.
On April 16, 2024, Evercore ISI started tracking the stock assigning a Outperform rating and target price of $88.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jul 15 ’24 when Koopmans Chris sold 5,000 shares for $73.88 per share. The transaction valued at 369,400 led to the insider holds 110,318 shares of the business.
Meintjes Willem A sold 1,500 shares of MRVL for $110,820 on Jul 15 ’24. The Chief Financial Officer now owns 109,318 shares after completing the transaction at $73.88 per share. On Jul 08 ’24, another insider, Hussain Muhammad Raghib, who serves as the President, Products & Tech of the company, sold 50,000 shares for $75.00 each. As a result, the insider received 3,750,000 and left with 838,571 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MRVL now has a Market Capitalization of 55389745152 and an Enterprise Value of 58922643456. For the stock, the TTM Price-to-Sale (P/S) ratio is 10.36 while its Price-to-Book (P/B) ratio in mrq is 3.83. Its current Enterprise Value per Revenue stands at 11.02 whereas that against EBITDA is 63.735.
Stock Price History:
Over the past 52 weeks, MRVL has reached a high of $85.76, while it has fallen to a 52-week low of $46.07. The 50-Day Moving Average of the stock is -10.32%, while the 200-Day Moving Average is calculated to be -1.49%.
Shares Statistics:
The stock has traded on average 10.87M shares per day over the past 3-months and 10575640 shares per day over the last 10 days, according to various share statistics. A total of 865.50M shares are outstanding, with a floating share count of 856.11M. Insiders hold about 1.10% of the company’s shares, while institutions hold 84.49% stake in the company. Shares short for MRVL as of 1721001600 were 37388842 with a Short Ratio of 3.44, compared to 1718323200 on 38957368. Therefore, it implies a Short% of Shares Outstanding of 37388842 and a Short% of Float of 5.1.
Dividends & Splits
In the trailing 12 months, MRVL’s forward annual dividend rate was 0.24, compared to 0.24 this year. Against a Trailing Annual Dividend Yield of 0.0037296037The stock’s 5-year Average Dividend Yield is 0.55.