Marvell Technology Inc (NASDAQ: MRVL) is -5.95% lower on its value in year-to-date trading and has touched a low of $53.19 and a high of $127.48 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 MRVL stock was last observed hovering at around $100.33 in the last trading session, with the day’s gains setting it 3.55%.
Currently trading at $103.88, the stock is -10.73% and -4.15% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 20.3 million and changing 3.54% at the moment leaves the stock 28.34% off its SMA200. MRVL registered 48.40% gain for a year compared to 6-month gain of 58.06%. The firm has a 50-day simple moving average (SMA 50) of $108.375 and a 200-day simple moving average (SMA200) of $80.9423.
The stock witnessed a -10.41% loss in the last 1 month and extending the period to 3 months gives it a 26.79%, and is -16.08% 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 4.61% over the week and 3.72% over the month.
Marvell Technology Inc (MRVL) has around 6577 employees, a market worth around $89.89B and $5.38B in sales. Fwd P/E is 37.28. Profit margin for the company is -27.49%. Distance from 52-week low is 95.30% and -18.51% from its 52-week high. The company has generated returns on investments over the last 12 months (-8.41%).
with sales reaching $1.8B over the same period.The EPS is expected to grow by 3.10% this year, but quarterly earnings will post 4.34% year-over-year. Quarterly sales are estimated to grow 25.90% in year-over-year returns.
Marvell Technology Inc (MRVL) Top Institutional Holders
1596.0 institutions hold shares in Marvell Technology Inc (MRVL), with institutional investors hold 89.82% of the company’s shares. The shares outstanding are 865.20M, and float is at 857.91M with Short Float at 2.36%. Institutions hold 89.39% 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 Jan 22 ’25 at a price of $124.40 per share for a total of $0.75 million. Following the sale, the insider now owns 93931.0 shares.
Still, SEC filings show that on Jan 17 ’25, Casper Mark (EVP & Chief Legal Officer) disposed off 7,755 shares at an average price of $123.08 for $0.95 million. The insider now directly holds 0 shares of Marvell Technology Inc (MRVL).
