Marvell Technology Inc [NASDAQ: MRVL] stock went on a downward path that fall over -7.23% on Friday, amounting to a one-week price decrease of less than -1.98%.
Over the last 12 months, MRVL stock rose by 64.91%. The one-year Marvell Technology Inc stock forecast points to a potential upside of 15.63. The average equity rating for MRVL stock is currently 1.33, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $95.72 billion, with 865.20 million shares outstanding and 854.57 million shares in the current float. Compared to the average trading volume of 14.04M shares, MRVL stock reached a trading volume of 20923776 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 $131.12 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 1.33. 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.
Melius have made an estimate for Marvell Technology Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 27, 2025. While these analysts kept the previous recommendation, Wells Fargo raised their target price from $110 to $130. 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 $110 to $115, while UBS kept a Buy rating on MRVL stock. On December 04, 2024, analysts increased their price target for MRVL shares from 115 to 135.
The Average True Range (ATR) for Marvell Technology Inc is set at 6.37, with the Price to Sales ratio for MRVL stock in the period of the last 12 months amounting to 17.80. The Price to Book ratio for the last quarter was 7.16, 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 67.03 with Quick ratio for the last quarter at 1.11.
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 -1.98. With this latest performance, MRVL shares dropped by -4.83% in over the last four-week period, additionally plugging by 97.01% over the last 6 months – not to mention a rise of 64.91% 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 47.34, with the RSI for the last a single of trading hit 45.27, and the three-weeks RSI is set at 49.31 for Marvell Technology Inc [MRVL]. The present Moving Average for the last 50 days of trading for this stock 111.93, while it was recorded at 113.91 for the last single week of trading, and 82.77 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 1.11 and a Current Ratio set at 1.60.
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 34.75%.
Marvell Technology Inc [MRVL] Institutonal Ownership Details
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%.
