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The price of Marvell Technology Inc (NASDAQ: MRVL) closed at $72.25 in the last session, up 0.91% from day before closing price of $71.60. In other words, the price has increased by $0.91 from its previous closing price. On the day, 6.1 million shares were traded. MRVL stock price reached its highest trading level at $73.13 during the session, while it also had its lowest trading level at $71.045.
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 73.78 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 53.98. 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:
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 Jul 01 ’24 when Casper Mark sold 2,500 shares for $70.07 per share. The transaction valued at 175,175 led to the insider holds 20,450 shares of the business.
Durn Daniel bought 1,425 shares of MRVL for $100,049 on Jun 24 ’24. The Director now owns 1,923 shares after completing the transaction at $70.21 per share. On Jun 17 ’24, another insider, Koopmans Chris, who serves as the EVP, Chief Operations Officer of the company, sold 5,000 shares for $73.42 each. As a result, the insider received 367,100 and left with 115,318 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 62496317440 and an Enterprise Value of 66029219840. For the stock, the TTM Price-to-Sale (P/S) ratio is 11.70 while its Price-to-Book (P/B) ratio in mrq is 4.32. Its current Enterprise Value per Revenue stands at 12.349 whereas that against EBITDA is 71.422.
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 3.05%, while the 200-Day Moving Average is calculated to be 13.57%.
Shares Statistics:
According to the various share statistics, MRVL traded on average about 11.43M shares per day over the past 3-months and 11373090 shares per day over the past 10 days. 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 84.19% stake in the company. Shares short for MRVL as of 1718323200 were 38957368 with a Short Ratio of 3.41, 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
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 0.0033519552The stock’s 5-year Average Dividend Yield is 0.55.
