Marvell Technology Inc. [MRVL] Is Currently 0.09 below its 200 Period Moving Avg: What Does This Mean?

Marvell Technology Inc. [NASDAQ: MRVL] traded at a high on 09/30/22, posting a 0.09 gain after which it closed the day’ session at $42.91. The company report on September 23, 2022 that Marvell Technology, Inc. Declares Quarterly Dividend Payment.

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Marvell Technology, Inc. (NASDAQ: MRVL), today announced a quarterly dividend of $0.06 per share of common stock payable on October 26, 2022 to shareholders of record as of October 7, 2022.

The results of the trading session contributed to over 11104781 shares changing hands. Over the past one week, the price volatility of Marvell Technology Inc. stands at 4.68% while the volatility over the past one month is 4.16%.

The market cap for MRVL stock reached $36.55 billion, with 850.90 million shares outstanding and 847.61 million shares in the current float. Compared to the average trading volume of 9.77M shares, MRVL reached a trading volume of 11104781 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about 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 $74.55 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.

Exane BNP Paribas have made an estimate for Marvell Technology Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on September 13, 2022. While these analysts kept the previous recommendation, The Benchmark Company raised their target price to Buy. The new note on the price target was released on July 22, 2022, representing the official price target for Marvell Technology Inc. stock. Previously, the target price had yet another drop from $75 to $63, while B. Riley Securities kept a Neutral rating on MRVL stock.

The Average True Range (ATR) for Marvell Technology Inc. is set at 2.14, with the Price to Sales ratio for MRVL stock in the period of the last 12 months amounting to 6.62. The Price to Book ratio for the last quarter was 2.35, with the Price to Cash per share for the same quarter was set at 0.72. Price to Free Cash Flow for MRVL in the course of the last twelve months was 51.55 with Quick ratio for the last quarter at 0.90.

How has MRVL stock performed recently?

Marvell Technology Inc. [MRVL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.88. With this latest performance, MRVL shares dropped by -8.35% in over the last four-week period, additionally sinking by -40.16% over the last 6 months – not to mention a drop of -28.85% 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 36.88, with the RSI for the last a single of trading hit 34.50, and the three-weeks RSI is set at 39.33 for Marvell Technology Inc. [MRVL]. The present Moving Average for the last 50 days of trading for this stock 50.09, while it was recorded at 43.27 for the last single week of trading, and 60.97 for the last 200 days.

Marvell Technology Inc. [MRVL]: Deeper insight into the 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.

Earnings analysis for Marvell Technology Inc. [MRVL]

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%.

Insider trade positions for Marvell Technology Inc. [MRVL]

There are presently around $29,960 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 $2.84 billion in MRVL stocks shares; and BLACKROCK INC., currently with $2.76 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 474 institutional holders increased their position in Marvell Technology Inc. [NASDAQ:MRVL] by around 64,148,527 shares. Additionally, 450 investors decreased positions by around 49,454,501 shares, while 118 investors held positions by with 584,598,359 shares. The mentioned changes placed institutional holdings at 698,201,387 shares, according to the latest SEC report filing. MRVL stock had 146 new institutional investments in for a total of 17,366,612 shares, while 160 institutional investors sold positions of 6,694,029 shares during the same period.


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