Marvell Technology Inc. [MRVL] is -43.15% lower this YTD. Is it still time to buy?

Marvell Technology Inc. [NASDAQ: MRVL] stock went on an upward path that rose over 3.30% on Friday, amounting to a one-week price increase of more than 8.20%. The company report on August 25, 2022 that Marvell Technology, Inc. Reports Second Quarter of Fiscal Year 2023 Financial Results.


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Q2 Net Revenue: $1.517 billion, grew by 41% year-on-year.

Q2 Gross Margin: 51.8% GAAP gross margin; 65.0% non-GAAP gross margin.

Over the last 12 months, MRVL stock dropped by -18.79%. The one-year Marvell Technology Inc. stock forecast points to a potential upside of 33.95. The average equity rating for MRVL stock is currently 1.90, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $41.05 billion, with 850.90 million shares outstanding and 847.64 million shares in the current float. Compared to the average trading volume of 9.98M shares, MRVL stock reached a trading volume of 10901301 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Marvell Technology Inc. [MRVL]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MRVL shares is $75.31 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MRVL stock is a recommendation set at 1.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

The Benchmark Company have made an estimate for Marvell Technology Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 22, 2022. While these analysts kept the previous recommendation, B. Riley Securities dropped their target price from $75 to $63. The new note on the price target was released on June 15, 2022, representing the official price target for Marvell Technology Inc. stock. Previously, the target price had yet another raise to $80, while Raymond James analysts kept a Outperform rating on MRVL stock. On March 04, 2022, analysts decreased their price target for MRVL shares from 115 to 105.

The Average True Range (ATR) for Marvell Technology Inc. is set at 2.49, with the Price to Sales ratio for MRVL stock in the period of the last 12 months amounting to 7.44. The Price to Book ratio for the last quarter was 2.73, with the Price to Cash per share for the same quarter was set at 0.75. Price to Free Cash Flow for MRVL in the course of the last twelve months was 57.90 with Quick ratio for the last quarter at 0.90.

MRVL Stock Performance Analysis:

Marvell Technology Inc. [MRVL] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.20. With this latest performance, MRVL shares dropped by -9.55% in over the last four-week period, additionally sinking by -23.77% over the last 6 months – not to mention a drop of -18.79% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MRVL stock in for the last two-week period is set at 48.88, with the RSI for the last a single of trading hit 51.83, and the three-weeks RSI is set at 48.24 for Marvell Technology Inc. [MRVL]. The present Moving Average for the last 50 days of trading for this stock 50.64, while it was recorded at 47.10 for the last single week of trading, and 63.62 for the last 200 days.

Insight into Marvell Technology Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Marvell Technology Inc. [MRVL] shares currently have an operating margin of -5.68 and a Gross Margin at +46.24. Marvell Technology Inc.’s Net Margin is presently recorded at -9.44.

Return on Equity for this stock declined to -3.49, with Return on Assets sitting at -2.56.

Marvell Technology Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 1.40.

MRVL Stock EPS

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for MRVL. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Marvell Technology Inc. go to 42.14%.

Marvell Technology Inc. [MRVL] Insider Position Details

There are presently around $34,840 million, or 86.20% of MRVL stock, in the hands of institutional investors. The top three institutional holders of MRVL stocks are: FMR LLC with ownership of 124,827,357, which is approximately 3.023% of the company’s market cap and around 0.30% of the total institutional ownership; VANGUARD GROUP INC, holding 66,091,890 shares of the stock with an approximate value of $3.29 billion in MRVL stocks shares; and BLACKROCK INC., currently with $3.2 billion in MRVL stock with ownership of nearly -8.823% of the company’s market capitalization.

Positions in Marvell Technology Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 477 institutional holders increased their position in Marvell Technology Inc. [NASDAQ:MRVL] by around 65,012,932 shares. Additionally, 453 investors decreased positions by around 49,217,799 shares, while 121 investors held positions by with 586,215,105 shares. The mentioned changes placed institutional holdings at 700,445,836 shares, according to the latest SEC report filing. MRVL stock had 145 new institutional investments in for a total of 17,384,031 shares, while 160 institutional investors sold positions of 6,694,029 shares during the same period.

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