Marvell Technology Inc [NASDAQ: MRVL] stock went on an upward path that rose over 2.87% on Friday, amounting to a one-week price decrease of less than -0.27%.
Over the last 12 months, MRVL stock rose by 65.22%. The one-year Marvell Technology Inc stock forecast points to a potential upside of 4.61. The average equity rating for MRVL stock is currently 1.27, trading closer to a bullish pattern in the stock market.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The market cap for the stock reached $82.60 billion, with 865.50 million shares outstanding and 858.78 million shares in the current float. Compared to the average trading volume of 10.72M shares, MRVL stock reached a trading volume of 7131611 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 $97.17 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 1.27. 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.
Oppenheimer have made an estimate for Marvell Technology Inc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on November 26, 2024. While these analysts kept the previous recommendation, Loop Capital raised their target price to Hold. The new note on the price target was released on November 12, 2024, representing the official price target for Marvell Technology Inc stock. Previously, the target price had yet another drop from $98 to $85, while Jefferies kept a Buy rating on MRVL stock.
The Average True Range (ATR) for Marvell Technology Inc is set at 3.17, with the Price to Sales ratio for MRVL stock in the period of the last 12 months amounting to 15.65. The Price to Book ratio for the last quarter was 5.65, with the Price to Cash per share for the same quarter was set at 0.91. Price to Free Cash Flow for MRVL in the course of the last twelve months was 58.36 with Quick ratio for the last quarter at 1.26.
MRVL Stock Performance Analysis:
Marvell Technology Inc [MRVL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.27. With this latest performance, MRVL shares gained by 11.94% in over the last four-week period, additionally plugging by 34.70% over the last 6 months – not to mention a rise of 65.22% 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 60.82, with the RSI for the last a single of trading hit 59.71, and the three-weeks RSI is set at 61.11 for Marvell Technology Inc [MRVL]. The present Moving Average for the last 50 days of trading for this stock 82.18, while it was recorded at 92.14 for the last single week of trading, and 72.75 for the last 200 days.
Insight into Marvell Technology Inc Fundamentals:
Marvell Technology Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.26 and a Current Ratio set at 1.79.
MRVL Stock EPS
With the latest financial reports released by the company, Marvell Technology Inc posted 0.41/share EPS, while the average EPS was predicted by analysts to be reported at 0.4/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.01. 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 27.23%.
Marvell Technology Inc [MRVL] Institutonal Ownership Details
There are presently around $89.42%, or 89.85%% of MRVL stock, in the hands of institutional investors. The top three institutional holders of MRVL stocks are: FMR LLC with ownership of 129.87 million shares, which is approximately 15.0142%. VANGUARD GROUP INC, holding 74.41 million shares of the stock with an approximate value of $$5.2 billion in MRVL stocks shares; and VANGUARD GROUP INC, currently with $$4.28 billion in MRVL stock with ownership which is approximately 7.071%.
