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As of close of business last night, Marvell Technology Inc’s stock clocked out at $93.94, up 3.65% from its previous closing price of $90.63. In other words, the price has increased by $3.65 from its previous closing price. On the day, 11.41 million shares were traded. MRVL stock price reached its highest trading level at $94.07 during the session, while it also had its lowest trading level at $91.7.
Ratios:
To gain a deeper understanding of MRVL’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 100.62 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 57.49. For the most recent quarter (mrq), Quick Ratio is recorded 1.26 and its Current Ratio is at 1.79. In the meantime, Its Debt-to-Equity ratio is 0.33 whereas as Long-Term Debt/Eq ratio is at 0.31.
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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Oct 21 ’24 when Koopmans Chris sold 6,000 shares for $80.77 per share. The transaction valued at 484,620 led to the insider holds 109,244 shares of the business.
KOOPMANS FAMILY TRUST U/A DTD bought 6,000 shares of MRVL for $484,620 on Oct 21 ’24. On Oct 15 ’24, another insider, Hussain Muhammad Raghib, who serves as the President, Products & Tech of the company, sold 150,000 shares for $80.50 each. As a result, the insider received 12,075,000 and left with 694,487 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 81370832896 and an Enterprise Value of 84940357632. For the stock, the TTM Price-to-Sale (P/S) ratio is 15.41 while its Price-to-Book (P/B) ratio in mrq is 5.73. Its current Enterprise Value per Revenue stands at 16.091 whereas that against EBITDA is 85.239.
Stock Price History:
Over the past 52 weeks, MRVL has reached a high of $91.71, while it has fallen to a 52-week low of $50.35. The 50-Day Moving Average of the stock is 22.96%, while the 200-Day Moving Average is calculated to be 32.21%.
Shares Statistics:
It appears that MRVL traded 11.25M shares on average per day over the past three months and 10261890 shares per day over the past ten days. A total of 865.50M shares are outstanding, with a floating share count of 855.04M. Insiders hold about 1.29% of the company’s shares, while institutions hold 87.44% stake in the company. Shares short for MRVL as of 1728950400 were 18118492 with a Short Ratio of 1.61, compared to 1726185600 on 18989503. Therefore, it implies a Short% of Shares Outstanding of 18118492 and a Short% of Float of 2.4699999999999998.
Dividends & Splits
With its trailing 12-month dividend rate of 0.24, MRVL has a forward annual dividend rate of 0.24. Against a Trailing Annual Dividend Yield of 0.0026481298The stock’s 5-year Average Dividend Yield is 0.51.
