A Look at Marvell Technology Inc (MRVL) Shares in the Recent Past Indicates Growth

With 5.18 million shares changed hands, the volume of the stock remained lighter than its average volume of 13.6 million shares. During the session, the Semiconductors company that operates in wider Technology sector, reached to the highest price of $70.53 whereas the lowest price it dropped to was $68.85. The 52-week range on MRVL shows that it touched its highest point at $85.76 and its lowest point at $39.23 during that stretch. It currently has a 1-year price target of $88.74. With its current market cap of 59.77 billion, MRVL has annualized dividend of $0.24 while the current yield stands at 0.35%. Beta for the stock currently stands at 1.46.

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of MRVL was down-trending over the past week, with a drop of -1.15%, but this was down by -1.62% over a month. Three-month performance dropped to -1.99% while six-month performance rose 31.49%. The stock gained 73.72% in the past year, while it has gained 14.44% so far this year. A look at the trailing 12-month EPS for MRVL yields -1.08 with Next year EPS estimates of 2.44. For the next quarter, that number is 0.24. This implies an EPS growth rate of -6.25% for this year and 72.19% for next year. EPS is expected to grow by 18.20% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -29.04%.

Float and Shares Shorts:

At present, 865.50 million MRVL shares are outstanding with a float of 855.96 million shares on hand for trading. On 2024-04-30, short shares totaled 31.01 million, which was 358.0 higher than short shares on 1711584000. In addition to Mr. Matthew J. Murphy as the firm’s President, CEO & Chairman, Mr. Willem A. Meintjes serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 0.89394 of MRVL’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-02-03, MRVL reported revenue of $1426500000.0 and operating income of -$7500000.0. The EBITDA in the recently reported quarter was $351200000.0 and diluted EPS was -$0.45.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MRVL since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.