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The closing price of Marvell Technology Inc (NASDAQ: MRVL) was $71.20 for the day, down -0.85% from the previous closing price of $71.81. In other words, the price has decreased by -$0.85 from its previous closing price. On the day, 7.59 million shares were traded. MRVL stock price reached its highest trading level at $72.66 during the session, while it also had its lowest trading level at $70.85.
Ratios:
Our analysis of MRVL’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 76.26 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 43.57. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Sep 16 ’24 when MURPHY MATTHEW J sold 6,000 shares for $73.29 per share. The transaction valued at 439,740 led to the insider holds 208,915 shares of the business.
Meintjes Willem A sold 1,500 shares of MRVL for $110,805 on Sep 16 ’24. The Chief Financial Officer now owns 111,753 shares after completing the transaction at $73.87 per share. On Sep 16 ’24, another insider, Koopmans Chris, who serves as the EVP, Chief Operations Officer of the company, sold 6,000 shares for $73.87 each. As a result, the insider received 443,220 and left with 109,781 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 61673439232 and an Enterprise Value of 65238638592. For the stock, the TTM Price-to-Sale (P/S) ratio is 11.68 while its Price-to-Book (P/B) ratio in mrq is 4.34. Its current Enterprise Value per Revenue stands at 12.358 whereas that against EBITDA is 65.468.
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 4.54%, while the 200-Day Moving Average is calculated to be 4.43%.
Shares Statistics:
MRVL traded an average of 11.49M shares per day over the past three months and 10508090 shares per day over the past ten days. A total of 865.50M shares are outstanding, with a floating share count of 854.92M. Insiders hold about 1.30% of the company’s shares, while institutions hold 87.27% stake in the company. Shares short for MRVL as of 1724976000 were 21008483 with a Short Ratio of 1.83, compared to 1722384000 on 35532335. Therefore, it implies a Short% of Shares Outstanding of 21008483 and a Short% of Float of 2.86.
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 0.003342153The stock’s 5-year Average Dividend Yield is 0.53.
