Marvell Technology Inc (NASDAQ: MRVL) is -41.60% 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 $59.65 in the last trading session, with the day’s gains setting it 4.85%.
Currently trading at $64.50, the stock is 13.20% and 2.86% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 20.35 million and changing 8.13% at the moment leaves the stock -22.35% off its SMA200. MRVL registered -5.30% loss for a year compared to 6-month loss of -28.83%.
The stock witnessed a 22.00% gain in the last 1 month and extending the period to 3 months gives it a -42.82%, and is 4.07% 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 3.64% over the week and 4.23% over the month.
Marvell Technology Inc (MRVL) has around 7042 employees, a market worth around $55.72B and $5.77B in sales. Fwd P/E is 17.86. Profit margin for the company is -15.35%. Distance from 52-week low is 36.99% and -49.40% from its 52-week high. The company has generated returns on investments over the last 12 months (-4.96%).
The EPS is expected to grow by 78.09% this year.
Marvell Technology Inc (MRVL) Top Institutional Holders
The shares outstanding are 866.00M, and float is at 859.34M with Short Float at 3.23%.
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
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Still, SEC filings show that on May 01 ’25, Meintjes Willem A (Chief Financial Officer) disposed off 1,500 shares at an average price of $60.00 for $90000.0. The insider now directly holds 124,348 shares of Marvell Technology Inc (MRVL).
