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Maravai LifeSciences Holdings Inc. (MRVI) Looks Ready for Growth Despite -4.68% Change This Year

Maravai LifeSciences Holdings Inc. (NASDAQ: MRVI) is -4.68% lower on its value in year-to-date trading and has touched a low of $11.89 and a high of $35.82 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MRVI stock was last observed hovering at around $13.60 in the last trading session, with the day’s gains setting it 0.04% off its average median price target of $18.00 for the next 12 months. It is also 49.48% off the consensus price target high of $27.00 offered by 12 analysts, but current levels are -4.92% lower than the price target low of $13.00 for the same period.

Currently trading at $13.64, the stock is 1.30% and -1.40% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.39 million and changing 0.29% at the moment leaves the stock -17.90% off its SMA200. MRVI registered -59.38% loss for a year compared to 6-month loss of -5.74%. The firm has a 50-day simple moving average (SMA 50) of $2.16 and a 200-day simple moving average (SMA200) of $3.45.

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The stock witnessed a -5.08% gain in the last 1 month and extending the period to 3 months gives it a -1.37%, and is 1.87% up 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 7.04% over the week and 9.34% over the month.

Maravai LifeSciences Holdings Inc. (MRVI) has around 650 employees, a market worth around $3.26B and $717.70M in sales. Current P/E ratio is 6.85 and Fwd P/E is 35.15. Distance from 52-week low is 14.72% and -61.92% from its 52-week high. The company has generated returns on investments over the last 12 months (47.80%).

Maravai LifeSciences Holdings Inc. (MRVI) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Maravai LifeSciences Holdings Inc. (MRVI) is a “Overweight”. 12 analysts offering their recommendations for the stock have an average rating of 1.90, where 4 rate it as a Hold and 1 think it is a “Overweight”. 7 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Maravai LifeSciences Holdings Inc. is expected to release its quarterly report on 08/08/2023.The EPS is expected to grow by 7.00% this year.

Maravai LifeSciences Holdings Inc. (MRVI) Top Institutional Holders

The shares outstanding are 131.74M, and float is at 109.46M with Short Float at 5.48%.

Maravai LifeSciences Holdings Inc. (MRVI) Insider Activity

A total of 10 insider transactions have happened at Maravai LifeSciences Holdings Inc. (MRVI) in the last six months, with sales accounting for 5 and purchases happening 5 times.

Maravai LifeSciences Holdings Inc. (MRVI): Who are the competitors?

The company’s main competitors (and peers) include Thermo Fisher Scientific Inc. (TMO) that is trading -5.41% down over the past 12 months and Merck & Co. Inc. (MRK) that is 21.08% higher over the same period.

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