As of close of business last night, Marvell Technology Inc’s stock clocked out at $65.06, down -3.18% from its previous closing price of $67.20. In other words, the price has decreased by -$2.14 from its previous closing price. On the day, 19418641 shares were traded. MRVL stock price reached its highest trading level at $66.04 during the session, while it also had its lowest trading level at $63.46.
Ratios:
To gain a deeper understanding of MRVL’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 59.26 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 54.48. 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Mar 18 ’24 when Meintjes Willem A sold 1,000 shares for $67.79 per share. The transaction valued at 67,790 led to the insider holds 102,986 shares of the business.
Koopmans Chris sold 5,000 shares of MRVL for $332,200 on Mar 15 ’24. The EVP, Chief Operations Officer now owns 114,117 shares after completing the transaction at $66.44 per share. On Mar 14 ’24, another insider, MURPHY MATTHEW J, who serves as the Chair of Board, President, CEO of the company, sold 30,000 shares for $66.17 each. As a result, the insider received 1,985,100 and left with 732,929 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 58.20B and an Enterprise Value of 61.65B. For the stock, the TTM Price-to-Sale (P/S) ratio is 10.23 while its Price-to-Book (P/B) ratio in mrq is 3.80. Its current Enterprise Value per Revenue stands at 11.19 whereas that against EBITDA is 72.46.
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 69.28, while the 200-Day Moving Average is calculated to be 60.10.
Shares Statistics:
It appears that MRVL traded 13.48M shares on average per day over the past three months and 21.61M shares per day over the past ten days. A total of 865.50M shares are outstanding, with a floating share count of 855.91M. Insiders hold about 1.17% of the company’s shares, while institutions hold 84.77% stake in the company. Shares short for MRVL as of Feb 29, 2024 were 20.96M with a Short Ratio of 1.55, compared to 23.72M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.42% 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 0.36%, it implies a Forward Annual Dividend Yield of 0.36%. The stock’s 5-year Average Dividend Yield is 0.60.
Earnings Estimates
As of right now, 24 analysts gave their recommendation on the stock of the company. 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 26 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 -3.40% from the average estimate. Based on 25 analysts’ estimates, the company’s revenue will be $6.94B 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.
