Marvell Technology Inc (NASDAQ: MRVL) is -46.65% lower on its value in year-to-date trading and has touched a low of $47.08 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 $57.33 in the last trading session, with the day’s gains setting it 1.59%.
Currently trading at $58.92, the stock is 6.93% and -17.74% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 11.91 million and changing 2.77% at the moment leaves the stock -29.55% off its SMA200. MRVL registered -7.74% loss for a year compared to 6-month loss of -29.31%. The firm has a 50-day simple moving average (SMA 50) of $71.6244 and a 200-day simple moving average (SMA200) of $83.63075.
The stock witnessed a -11.74% gain in the last 1 month and extending the period to 3 months gives it a -52.49%, and is 13.97% 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 4.90% over the week and 7.77% over the month.
Marvell Technology Inc (MRVL) has around 7042 employees, a market worth around $51.03B and $5.77B in sales. Fwd P/E is 16.28. Profit margin for the company is -15.35%. Distance from 52-week low is 25.14% and -53.78% from its 52-week high. The company has generated returns on investments over the last 12 months (-4.96%).
with sales reaching $1.88B over the same period.The EPS is expected to grow by 78.20% this year, but quarterly earnings will post 42.40% year-over-year. Quarterly sales are estimated to grow 61.87% in year-over-year returns.
Marvell Technology Inc (MRVL) Top Institutional Holders
1861.0 institutions hold shares in Marvell Technology Inc (MRVL), with institutional investors hold 89.49% of the company’s shares. The shares outstanding are 866.00M, and float is at 861.62M with Short Float at 3.09%. Institutions hold 89.13% 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 15.0021% 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 8.5953 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 61.16 million shares representing 7.0653% and valued at over $4.28 billion, while T. ROWE PRICE INVESTMENT MANAGEMENT, INC. holds 2.9662 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 Casper Mark, the company’s EVP & Chief Legal Officer. SEC filings show that Casper Mark sold 12,460 shares of the company’s common stock on Apr 23 ’25 at a price of $55.00 per share for a total of $0.69 million. Following the sale, the insider now owns 0.0 shares.
Still, SEC filings show that on Mar 17 ’25, Meintjes Willem A (Chief Financial Officer) disposed off 1,500 shares at an average price of $68.83 for $0.1 million. The insider now directly holds 113,592 shares of Marvell Technology Inc (MRVL).
