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Marvell Technology Inc (NASDAQ: MRVL) closed the day trading at $73.84 down -1.43% from the previous closing price of $74.91. In other words, the price has decreased by -$1.43 from its previous closing price. On the day, 7.74 million shares were traded. MRVL stock price reached its highest trading level at $76.43 during the session, while it also had its lowest trading level at $73.265.
Ratios:
For a better understanding of MRVL, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 75.40 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 55.17. 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 08 ’24 when Hussain Muhammad Raghib sold 50,000 shares for $75.00 per share. The transaction valued at 3,750,000 led to the insider holds 838,571 shares of the business.
Casper Mark sold 2,500 shares of MRVL for $175,175 on Jul 01 ’24. The EVP & Chief Legal Officer now owns 20,450 shares after completing the transaction at $70.07 per share. On Jun 24 ’24, another insider, Durn Daniel, who serves as the Director of the company, bought 1,425 shares for $70.21 each. As a result, the insider paid 100,049 and bolstered with 1,923 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 64842076160 and an Enterprise Value of 67448803328. For the stock, the TTM Price-to-Sale (P/S) ratio is 11.95 while its Price-to-Book (P/B) ratio in mrq is 4.41. Its current Enterprise Value per Revenue stands at 12.615 whereas that against EBITDA is 72.957.
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 4.49%, while the 200-Day Moving Average is calculated to be 15.56%.
Shares Statistics:
Over the past 3-months, MRVL traded about 11.31M shares per day on average, while over the past 10 days, MRVL traded about 9790550 shares per day. A total of 865.50M shares are outstanding, with a floating share count of 856.08M. Insiders hold about 1.10% of the company’s shares, while institutions hold 84.18% stake in the company. Shares short for MRVL as of 1718323200 were 38957368 with a Short Ratio of 3.44, compared to 1715731200 on 34463888. Therefore, it implies a Short% of Shares Outstanding of 38957368 and a Short% of Float of 5.3100000000000005.
Dividends & Splits
MRVL’s forward annual dividend rate is 0.18, up from 0.24 a year ago. Against a Trailing Annual Dividend Yield of 0.0032038444The stock’s 5-year Average Dividend Yield is 0.55.
