In the latest session, Marvell Technology Inc (NASDAQ: MRVL) closed at $77.61 up 8.30% from its previous closing price of $71.66. In other words, the price has increased by $+5.95 from its previous closing price. On the day, 20414055 shares were traded.
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 92.47 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 78.37. For the most recent quarter (mrq), Quick Ratio is recorded 1.08 and its Current Ratio is at 1.58. In the meantime, Its Debt-to-Equity ratio is 0.31 whereas as Long-Term Debt/Eq ratio is at 0.29.
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, Cantor Fitzgerald on January 23, 2024, initiated with a Overweight rating and assigned the stock a target price of $80.
On November 14, 2023, ROTH MKM started tracking the stock assigning a Buy rating and target price of $60.
Susquehanna reiterated its Positive rating for the stock on August 23, 2023, while the target price for the stock was revised from $60 to $70.
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 Feb 15 when MURPHY MATTHEW J sold 30,000 shares for $67.67 per share. The transaction valued at 2,030,100 led to the insider holds 762,929 shares of the business.
Koopmans Chris sold 5,000 shares of MRVL for $339,900 on Feb 15. The EVP, Chief Operations Officer now owns 119,117 shares after completing the transaction at $67.98 per share. On Feb 01, another insider, Meintjes Willem A, who serves as the Chief Financial Officer of the company, sold 1,000 shares for $68.20 each. As a result, the insider received 68,200 and left with 103,986 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 67.09B and an Enterprise Value of 70.79B. For the stock, the TTM Price-to-Sale (P/S) ratio is 12.20 while its Price-to-Book (P/B) ratio in mrq is 4.40. Its current Enterprise Value per Revenue stands at 12.87 whereas that against EBITDA is 78.44.
Stock Price History:
Over the past 52 weeks, MRVL has reached a high of $73.53, while it has fallen to a 52-week low of $36.64. The 50-Day Moving Average of the stock is 66.13, while the 200-Day Moving Average is calculated to be 58.80.
Shares Statistics:
For the past three months, MRVL has traded an average of 11.81M shares per day and 11.69M over the past ten days. A total of 856.10M shares are outstanding, with a floating share count of 854.43M. Insiders hold about 1.17% of the company’s shares, while institutions hold 84.82% stake in the company. Shares short for MRVL as of Feb 15, 2024 were 22.46M with a Short Ratio of 1.90, compared to 20.48M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.60% and a Short% of Float of 3.06%.
Dividends & Splits
According to the company, the forward annual dividend rate for MRVL is 0.24, from 0.24 in the trailing year. Against a Trailing Annual Dividend Yield of 0.33%, it implies a Forward Annual Dividend Yield of 0.31%. The stock’s 5-year Average Dividend Yield is 0.60.
Earnings Estimates
There are 24 different market analysts currently analyzing its stock. On average, analysts expect EPS of $0.46 for the current quarter, with a high estimate of $0.49 and a low estimate of $0.45, while EPS last year was $0.46. The consensus estimate for the next quarter is $0.4, with high estimates of $0.5 and low estimates of $0.37.
Analysts are recommending an EPS of between $1.55 and $1.5 for the fiscal current year, implying an average EPS of $1.51. EPS for the following year is $2.01, with 27 analysts recommending between $2.45 and $1.7.
Revenue Estimates
A total of 23 analysts believe the company’s revenue will be $1.42B this quarter.It ranges from a high estimate of $1.42B to a low estimate of $1.42B. As of the current estimate, Marvell Technology Inc’s year-ago sales were $1.42B, an estimated increase of 0.10% from the year-ago figure.
A total of 29 analysts have provided revenue estimates for MRVL’s current fiscal year. The highest revenue estimate was $5.7B, while the lowest revenue estimate was $5.49B, resulting in an average revenue estimate of $5.51B. In the same quarter a year ago, actual revenue was $5.92B, down -6.90% from the average estimate. Based on 29 analysts’ estimates, the company’s revenue will be $6.12B in the next fiscal year. The high estimate is $6.77B and the low estimate is $5.75B. The average revenue growth estimate for next year is up 11.00% from the average revenue estimate for this year.
