Marvell Technology Inc (NASDAQ: MRVL) closed the day trading at $73.03 down -0.76% from the previous closing price of $73.59. In other words, the price has decreased by -$0.56 from its previous closing price. On the day, 11330564 shares were traded.
Ratios:
For a better understanding of MRVL, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 66.52 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 61.15. 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.
On March 08, 2024, TD Cowen reiterated its Outperform rating and also lowered its target price recommendation from $75 to $90.
On January 23, 2024, Cantor Fitzgerald started tracking the stock assigning a Overweight rating and target price of $80.Cantor Fitzgerald initiated its Overweight rating on January 23, 2024, with a $80 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Apr 01 ’24 when Meintjes Willem A sold 1,000 shares for $71.50 per share. The transaction valued at 71,500 led to the insider holds 101,986 shares of the business.
Meintjes Willem A sold 1,000 shares of MRVL for $67,790 on Mar 18 ’24. The Chief Financial Officer now owns 102,986 shares after completing the transaction at $67.79 per share. On Mar 15 ’24, another insider, Koopmans Chris, who serves as the EVP, Chief Operations Officer of the company, sold 5,000 shares for $66.44 each. As a result, the insider received 332,200 and left with 114,117 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 63.78B and an Enterprise Value of 67.23B. For the stock, the TTM Price-to-Sale (P/S) ratio is 11.48 while its Price-to-Book (P/B) ratio in mrq is 4.26. Its current Enterprise Value per Revenue stands at 12.21 whereas that against EBITDA is 79.03.
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 $36.90. The 50-Day Moving Average of the stock is 69.93, while the 200-Day Moving Average is calculated to be 60.68.
Shares Statistics:
Over the past 3-months, MRVL traded about 14.65M shares per day on average, while over the past 10 days, MRVL traded about 13.21M shares per day. A total of 865.50M shares are outstanding, with a floating share count of 855.97M. Insiders hold about 1.16% of the company’s shares, while institutions hold 85.45% stake in the company. Shares short for MRVL as of Mar 15, 2024 were 20.8M with a Short Ratio of 1.42, compared to 22.46M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.40% and a Short% of Float of 2.83%.
Dividends & Splits
MRVL’s forward annual dividend rate is 0.24, up from 0.24 a year ago. Against a Trailing Annual Dividend Yield of 0.33%, it implies a Forward Annual Dividend Yield of 0.33%. The stock’s 5-year Average Dividend Yield is 0.60.
Earnings Estimates
Current recommendations for the stock of the company come from 24 analysts. 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 $1.41. EPS for the following year is $2.39, with 25 analysts recommending between $2.91 and $1.87.
Revenue Estimates
A total of 27 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 $5.32B. In the same quarter a year ago, actual revenue was $5.51B, down -3.30% from the average estimate. Based on 26 analysts’ estimates, the company’s revenue will be $6.95B 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 30.50% from the average revenue estimate for this year.
