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The price of Marvell Technology Inc (NASDAQ: MRVL) closed at $82.80 in the last session, down -2.44% from day before closing price of $84.87. In other words, the price has decreased by -$2.44 from its previous closing price. On the day, 8.39 million shares were traded. MRVL stock price reached its highest trading level at $84.245 during the session, while it also had its lowest trading level at $82.49.
Ratios:
We take a closer look at MRVL’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 88.69 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 50.67. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of 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 73513730048 and an Enterprise Value of 75286560768. For the stock, the TTM Price-to-Sale (P/S) ratio is 13.59 while its Price-to-Book (P/B) ratio in mrq is 5.05. Its current Enterprise Value per Revenue stands at 14.262 whereas that against EBITDA is 75.551.
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 11.36%, while the 200-Day Moving Average is calculated to be 17.39%.
Shares Statistics:
According to the various share statistics, MRVL traded on average about 11.43M shares per day over the past 3-months and 8269230 shares per day over the past 10 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 87.40% stake in the company. Shares short for MRVL as of 1728950400 were 18118492 with a Short Ratio of 1.59, 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
The forward annual dividend rate for MRVL is 0.24, which was 0.24 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.0028278541The stock’s 5-year Average Dividend Yield is 0.52.
