Marvell Technology Inc (NASDAQ: MRVL) is 13.22% higher on its value in year-to-date trading and has touched a low of $36.90 and a high of $85.76 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 $67.88 in the last trading session, with the day’s gains setting it 0.4%.
Currently trading at $68.28, the stock is -2.33% and -2.94% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.63 million and changing 0.59% at the moment leaves the stock 11.87% off its SMA200. MRVL registered 69.47% gain for a year compared to 6-month gain of 29.76%.
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The stock witnessed a 2.11% loss in the last 1 month and extending the period to 3 months gives it a 4.21%, and is -6.90% 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 5.10% over the week and 3.87% over the month.
Marvell Technology Inc (MRVL) has around 6577 employees, a market worth around $59.13B and $5.51B in sales. Fwd P/E is 27.83. Profit margin for the company is -16.95%. Distance from 52-week low is 85.04% and -20.38% from its 52-week high. The company has generated returns on investments over the last 12 months (-4.84%).
The EPS is expected to shrink by -5.99% this year.
Marvell Technology Inc (MRVL) Top Institutional Holders
The shares outstanding are 865.50M, and float is at 855.99M with Short Float at 2.08%.
Marvell Technology Inc (MRVL) Insider Activity
The most recent transaction is an insider sale by MURPHY MATTHEW J,the company’sChair of Board, President, CEO. SEC filings show that MURPHY MATTHEW J sold 30,000 shares of the company’s common stock on Apr 15 ’24 at a price of $68.82 per share for a total of $2.06 million. Following the sale, the insider now owns 0.72 million shares.
Marvell Technology Inc disclosed in a document filed with the SEC on Apr 15 ’24 that Koopmans Chris (EVP, Chief Operations Officer) sold a total of 5,000 shares of the company’s common stock. The trade occurred on Apr 15 ’24 and was made at $71.25 per share for $0.36 million. Following the transaction, the insider now directly holds 0.11 million shares of the MRVL stock.
Still, SEC filings show that on Apr 01 ’24, Meintjes Willem A (Chief Financial Officer) disposed off 1,000 shares at an average price of $71.50 for $71500.0. The insider now directly holds 101,986 shares of Marvell Technology Inc (MRVL).
