Marvell Technology Inc (NASDAQ: MRVL) is 0.32% higher 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 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 $72.51 in the last trading session, with the day’s loss setting it -0.1%.
Currently trading at $72.41, the stock is -2.00% and 6.88% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 15.64 million and changing -0.14% at the moment leaves the stock -13.04% off its SMA200. MRVL registered -34.44% loss for a year compared to 6-month loss of -36.66%. The firm has a 50-day simple moving average (SMA 50) of $67.5178 and a 200-day simple moving average (SMA200) of $83.2585.
The stock witnessed a 3.98% gain in the last 1 month and extending the period to 3 months gives it a 35.62%, and is 0.64% 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 2.74% over the week and 3.84% over the month.
Marvell Technology Inc (MRVL) has around 7042 employees, a market worth around $62.43B and $6.50B in sales. Fwd P/E is 20.32. Profit margin for the company is -7.56%. Distance from 52-week low is 53.79% and -43.20% from its 52-week high. The company has generated returns on investments over the last 12 months (-2.94%).
The EPS is expected to grow by 77.82% this year.
Marvell Technology Inc (MRVL) Top Institutional Holders
1777.0 institutions hold shares in Marvell Technology Inc (MRVL), with institutional investors hold 88.13% of the company’s shares. The shares outstanding are 862.20M, and float is at 857.74M with Short Float at 2.93%. Institutions hold 87.86% 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
#####
