Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
In the latest session, Marvell Technology Inc (NASDAQ: MRVL) closed at $66.48 down -2.64% from its previous closing price of $68.28. In other words, the price has decreased by -$2.64 from its previous closing price. On the day, 9.75 million shares were traded. MRVL stock price reached its highest trading level at $69.39 during the session, while it also had its lowest trading level at $66.35.
Ratios:
For a deeper understanding of Marvell Technology Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 60.55 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 55.67. 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.
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, Evercore ISI on April 16, 2024, initiated with a Outperform rating and assigned the stock a target price of $88.
TD Cowen reiterated its Outperform rating for the stock on March 08, 2024, while the target price for the stock was revised from $75 to $90.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Apr 15 ’24 when MURPHY MATTHEW J sold 30,000 shares for $68.82 per share. The transaction valued at 2,064,600 led to the insider holds 716,545 shares of the business.
Koopmans Chris sold 5,000 shares of MRVL for $356,250 on Apr 15 ’24. The EVP, Chief Operations Officer now owns 109,117 shares after completing the transaction at $71.25 per share. On Apr 01 ’24, another insider, Meintjes Willem A, who serves as the Chief Financial Officer of the company, sold 1,000 shares for $71.50 each. As a result, the insider received 71,500 and left with 101,986 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 57571684352 and an Enterprise Value of 61022179328. For the stock, the TTM Price-to-Sale (P/S) ratio is 10.45 while its Price-to-Book (P/B) ratio in mrq is 3.88. Its current Enterprise Value per Revenue stands at 11.079 whereas that against EBITDA is 63.492.
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 -5.52%, while the 200-Day Moving Average is calculated to be 8.83%.
Shares Statistics:
For the past three months, MRVL has traded an average of 14.50M shares per day and 12520740 over the past ten days. A total of 865.50M shares are outstanding, with a floating share count of 855.99M. Insiders hold about 1.16% of the company’s shares, while institutions hold 84.57% stake in the company. Shares short for MRVL as of 1711584000 were 17809840 with a Short Ratio of 1.23, compared to 1709164800 on 20955629. Therefore, it implies a Short% of Shares Outstanding of 17809840 and a Short% of Float of 2.4300002000000003.
Dividends & Splits
According to the company, the forward annual dividend rate for MRVL is 0.24, from 0.24 in the trailing year. The stock’s 5-year Average Dividend Yield is 0.59.
Earnings Estimates
The current market rating for Marvell Technology Inc (MRVL) reflects the collective analysis of Marvell Technology, Inc. analysts closely monitoring its performance.
