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Marvell Technology Inc. (MRVL) – Don’t Be So Quick to Call it Dead

Marvell Technology Inc. (NASDAQ: MRVL) is 8.96% higher on its value in year-to-date trading and has touched a low of $33.75 and a high of $76.59 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MRVL stock was last observed hovering at around $37.62 in the last trading session, with the day’s gains setting it 2.74%.

Currently trading at $40.36, the stock is -5.77% and -4.57% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 15.97 million and changing 7.28% at the moment leaves the stock -10.80% off its SMA200. MRVL registered -38.64% loss for a year compared to 6-month loss of -16.63%.

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The stock witnessed a -14.51% gain in the last 1 month and extending the period to 3 months gives it a -7.24%, and is -1.34% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.89% over the week and 4.67% over the month.

Marvell Technology Inc. (MRVL) has around 7418 employees, a market worth around $36.42B and $5.92B in sales. Fwd P/E is 17.59. Profit margin for the company is -2.80%. Distance from 52-week low is 19.59% and -47.30% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.10%).

Marvell Technology Inc. (MRVL) Analyst Forecasts

The EPS is expected to grow by 63.70% this year

Marvell Technology Inc. (MRVL) Top Institutional Holders

The shares outstanding are 854.10M, and float is at 848.19M with Short Float at 2.02%.

Marvell Technology Inc. (MRVL) Insider Activity

A total of 130 insider transactions have happened at Marvell Technology Inc. (MRVL) in the last six months, with sales accounting for 69 and purchases happening 61 times. The most recent transaction is an insider sale by Christman Dan, the company’s EVP, Storage Products Group. SEC filings show that Christman Dan sold 6,778 shares of the company’s common stock on Feb 09 at a price of $46.05 per share for a total of $0.31 million. Following the sale, the insider now owns 85425.0 shares.

Marvell Technology Inc. disclosed in a document filed with the SEC on Feb 02 that Tamer Ford (Director) sold a total of 100,000 shares of the company’s common stock. The trade occurred on Feb 02 and was made at $48.00 per share for $4.8 million. Following the transaction, the insider now directly holds 0.22 million shares of the MRVL stock.

Still, SEC filings show that on Feb 02, Koopmans Chris (EVP, Chief Operations Officer) disposed off 8,000 shares at an average price of $48.00 for $0.38 million. The insider now directly holds 113,658 shares of Marvell Technology Inc. (MRVL).

Marvell Technology Inc. (MRVL): Who are the competitors?

The company’s main competitors (and peers) include NVIDIA Corporation (NVDA) that is trading 11.18% up over the past 12 months and Broadcom Inc. (AVGO) that is 7.38% higher over the same period. QUALCOMM Incorporated (QCOM) is -16.43% down on the 1-year trading charts.

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