Marvell Technology Inc (NASDAQ: MRVL) closed the day trading at $72.36 down -4.06% from the previous closing price of $75.42. In other words, the price has decreased by -$3.06 from its previous closing price. On the day, 20451657 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 65.79 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 60.49. 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 0.28 whereas as Long-Term Debt/Eq ratio is at 0.27.
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 Feb 15 ’24 when MURPHY MATTHEW J sold 30,000 shares for $67.67 per share. The transaction valued at 2,030,100 led to the insider holds 762,929 shares of the business.
Koopmans Chris sold 5,000 shares of MRVL for $339,900 on Feb 15 ’24. The EVP, Chief Operations Officer now owns 119,117 shares after completing the transaction at $67.98 per share. On Feb 01 ’24, another insider, Meintjes Willem A, who serves as the Chief Financial Officer of the company, sold 1,000 shares for $68.20 each. As a result, the insider received 68,200 and left with 103,986 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 65.21B and an Enterprise Value of 68.42B. For the stock, the TTM Price-to-Sale (P/S) ratio is 11.36 while its Price-to-Book (P/B) ratio in mrq is 4.11. Its current Enterprise Value per Revenue stands at 12.42 whereas that against EBITDA is 80.43.
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 $36.64. The 50-Day Moving Average of the stock is 68.15, while the 200-Day Moving Average is calculated to be 59.69.
Shares Statistics:
Over the past 3-months, MRVL traded about 12.78M shares per day on average, while over the past 10 days, MRVL traded about 17.68M shares per day. A total of 856.10M shares are outstanding, with a floating share count of 854.43M. Insiders hold about 1.17% of the company’s shares, while institutions hold 84.91% stake in the company. Shares short for MRVL as of Feb 15, 2024 were 22.46M with a Short Ratio of 1.76, compared to 20.48M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.60% and a Short% of Float of 3.06%.
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 0.32%, 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 $0.31 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 $0.36, with high estimates of $0.55 and low estimates of $0.25.
Analysts are recommending an EPS of between $2.36 and $1.14 for the fiscal current year, implying an average EPS of $1.66. EPS for the following year is $2.53, with 25 analysts recommending between $3.54 and $1.87.
Revenue Estimates
A total of 30 analysts have provided revenue estimates for MRVL’s current fiscal year. The highest revenue estimate was $6.58B, while the lowest revenue estimate was $4.92B, resulting in an average revenue estimate of $5.62B. In the same quarter a year ago, actual revenue was $5.51B, up 2.00% from the average estimate. Based on 29 analysts’ estimates, the company’s revenue will be $7.01B in the next fiscal year. The high estimate is $7.95B and the low estimate is $6B. The average revenue growth estimate for next year is up 24.80% from the average revenue estimate for this year.
