Marvell Technology Inc (NASDAQ: MRVL) is 53.84% higher on its value in year-to-date trading and has touched a low of $50.35 and a high of $95.09 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 $92.25 in the last trading session, with the day’s gains setting it 0.53%.
Currently trading at $92.78, the stock is 8.96% and 19.48% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.48 million and changing 0.57% at the moment leaves the stock 29.94% off its SMA200. MRVL registered 69.86% gain for a year compared to 6-month gain of 36.40%. The firm has a 50-day simple moving average (SMA 50) of $77.6528 and a 200-day simple moving average (SMA200) of $71.4049.
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The stock witnessed a 19.44% loss in the last 1 month and extending the period to 3 months gives it a 45.45%, and is 6.41% 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 3.06% over the week and 3.42% over the month.
Marvell Technology Inc (MRVL) has around 6577 employees, a market worth around $80.37B and $5.28B in sales. Fwd P/E is 36.99. Profit margin for the company is -18.30%. Distance from 52-week low is 84.27% and -2.43% from its 52-week high. The company has generated returns on investments over the last 12 months (-5.19%).
with sales reaching $1.45B over the same period.The EPS is expected to shrink by -3.33% this year, but quarterly earnings will post 0.60% year-over-year.
Marvell Technology Inc (MRVL) Top Institutional Holders
1594.0 institutions hold shares in Marvell Technology Inc (MRVL), with institutional investors hold 92.75% of the company’s shares. The shares outstanding are 865.50M, and float is at 855.55M with Short Float at 2.13%. Institutions hold 92.30% of the Float.
The top institutional shareholder in the company is FMR LLC with over 129.87 million shares valued at $9.08 billion. The investor’s holdings represent 15.0142% of the MRVL Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 74.41 million shares valued at $5.2 billion to account for 8.6023 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 61.16 million shares representing 7.071% and valued at over $4.28 billion, while T. ROWE PRICE INVESTMENT MANAGEMENT, INC. holds 2.9686 of the shares totaling 25.68 million with a market value of $1.79 billion.
Marvell Technology Inc (MRVL) Insider Activity
The most recent transaction is an insider sale by Koopmans Chris, the company’s EVP, Chief Operations Officer. SEC filings show that Koopmans Chris sold 6,000 shares of the company’s common stock on Oct 21 ’24 at a price of $80.77 per share for a total of $0.48 million. Following the sale, the insider now owns 0.11 million shares.
Still, SEC filings show that on Oct 15 ’24, Hussain Muhammad Raghib (President, Products & Tech) disposed off 150,000 shares at an average price of $80.50 for $12.07 million. The insider now directly holds 694,487 shares of Marvell Technology Inc (MRVL).
