Marvell Technology Inc [NASDAQ: MRVL] surged by $0.14 during the normal trading session on while it closed the day at $113.51.
Marvell Technology Inc stock has also gained 22.46% of its value over the past 7 days. However, MRVL stock has inclined by 64.67% in the 3 months of the year. Over the past six months meanwhile, it has gained 66.95% and gained 88.21% year-on date.
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The market cap for MRVL stock reached $98.34 billion, with 865.20 million shares outstanding and 857.88 million shares in the current float. Compared to the average trading volume of 11.53M shares, MRVL reached a trading volume of 13765896 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to 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 $120.41 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 1.29. 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.
Wells Fargo have made an estimate for Marvell Technology Inc shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on December 04, 2024. While these analysts kept the previous recommendation, UBS raised their target price from $110 to $115. The new note on the price target was released on December 04, 2024, representing the official price target for Marvell Technology Inc stock. Previously, the target price had yet another raise from $115 to $135, while The Benchmark Company kept a Buy rating on MRVL stock. On December 04, 2024, analysts increased their price target for MRVL shares from 90 to 125.
The Average True Range (ATR) for Marvell Technology Inc is set at 4.79, with the Price to Sales ratio for MRVL stock in the period of the last 12 months amounting to 18.29. The Price to Book ratio for the last quarter was 7.34, with the Price to Cash per share for the same quarter was set at 1.00. Price to Free Cash Flow for MRVL in the course of the last twelve months was 68.86 with Quick ratio for the last quarter at 1.11.
MRVL stock trade performance evaluation
Marvell Technology Inc [MRVL] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 22.46. With this latest performance, MRVL shares gained by 25.25% in over the last four-week period, additionally plugging by 66.95% over the last 6 months – not to mention a rise of 125.08% 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 73.77, with the RSI for the last a single of trading hit 75.41, and the three-weeks RSI is set at 71.98 for Marvell Technology Inc [MRVL]. The present Moving Average for the last 50 days of trading for this stock 85.71, while it was recorded at 107.56 for the last single week of trading, and 73.76 for the last 200 days.
Marvell Technology Inc [MRVL]: An insightful look at the core fundamentals
Marvell Technology Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.11 and a Current Ratio set at 1.60.
Earnings per share (EPS) analysis for Marvell Technology Inc [MRVL] stock
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 33.65%.
Marvell Technology Inc [MRVL]: Institutional Ownership
There are presently around $89.39%, or 89.82%% 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%.
