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In the latest session, Marvell Technology Inc (NASDAQ: MRVL) closed at $62.88 up 1.21% from its previous closing price of $62.13. In other words, the price has increased by $1.21 from its previous closing price. On the day, 9.33 million shares were traded. MRVL stock price reached its highest trading level at $63.36 during the session, while it also had its lowest trading level at $61.7217.
Ratios:
For a deeper understanding of Marvell Technology Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 57.27 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 52.65. For the most recent quarter (mrq), Quick Ratio is recorded 1.21 and its Current Ratio is at 1.69. 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, Evercore ISI on April 16, 2024, initiated with a Outperform rating and assigned the stock a target price of $88.
TD Cowen reiterated its Outperform rating for the stock on March 08, 2024, while the target price for the stock was revised from $75 to $90.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Apr 19 ’24 when Casper Mark sold 2,500 shares for $64.75 per share. The transaction valued at 161,875 led to the insider holds 21,266 shares of the business.
MURPHY MATTHEW J sold 30,000 shares of MRVL for $2,064,600 on Apr 15 ’24. The Chair of Board, President, CEO now owns 716,545 shares after completing the transaction at $68.82 per share. On Apr 15 ’24, another insider, Koopmans Chris, who serves as the EVP, Chief Operations Officer of the company, sold 5,000 shares for $71.25 each. As a result, the insider received 356,250 and left with 109,117 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 54454079488 and an Enterprise Value of 57904578560. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.89 while its Price-to-Book (P/B) ratio in mrq is 3.67. Its current Enterprise Value per Revenue stands at 10.513 whereas that against EBITDA is 60.248.
Stock Price History:
The Beta on a monthly basis for MRVL is 1.49, which has changed by 0.7036034 over the last 52 weeks, in comparison to a change of 0.23061275 over the same period for the S&P500. Over the past 52 weeks, MRVL has reached a high of $85.76, while it has fallen to a 52-week low of $36.90. The 50-Day Moving Average of the stock is -10.39%, while the 200-Day Moving Average is calculated to be 2.83%.
Shares Statistics:
For the past three months, MRVL has traded an average of 14.26M shares per day and 13023110 over the past ten days. A total of 865.50M shares are outstanding, with a floating share count of 855.95M. Insiders hold about 1.16% of the company’s shares, while institutions hold 84.58% stake in the company. Shares short for MRVL as of 1711584000 were 17809840 with a Short Ratio of 1.25, compared to 1709164800 on 20955629. Therefore, it implies a Short% of Shares Outstanding of 17809840 and a Short% of Float of 2.4300002000000003.
Dividends & Splits
According to the company, the forward annual dividend rate for MRVL is 0.24, from 0.24 in the trailing year. The stock’s 5-year Average Dividend Yield is 0.59.
Earnings Estimates
Currently, 26 analysts are dedicated to thoroughly evaluating and rating the performance of Marvell Technology Inc (MRVL) in the stock market.On average, analysts expect EPS of $0.24 for the current quarter, with a high estimate of $0.5 and a low estimate of $0.23, while EPS last year was $0.31. The consensus estimate for the next quarter is $0.29, with high estimates of $0.54 and low estimates of $0.25.
Analysts are recommending an EPS of between $2.24 and $1.14 for the fiscal current year, implying an average EPS of $1.42. EPS for the following year is $2.4, with 27 analysts recommending between $2.91 and $1.87.
Revenue Estimates
A total of 29 analysts have provided revenue estimates for MRVL’s current fiscal year. The highest revenue estimate was $6.37B, while the lowest revenue estimate was $4.92B, resulting in an average revenue estimate of $5.33B. In the same quarter a year ago, actual revenue was $5.51B, down -3.20% from the average estimate. Based on 28 analysts’ estimates, the company’s revenue will be $6.97B in the next fiscal year. The high estimate is $7.53B and the low estimate is $6B. The average revenue growth estimate for next year is up 30.80% from the average revenue estimate for this year.
