Oppenheimer has recently reiterated Marvell Technology Inc (MRVL) stock to Outperform rating, as announced on November 26, 2024, according to Finviz. Earlier, on November 12, 2024, Loop Capital had initiated the stock to Hold, setting a price target of $95. Jefferies also initiated Buy rating with a price target of $85. Additionally, Evercore ISI initiated Outperform rating on April 16, 2024, with a target price of $88. Summit Insights analysts, in their report published on March 8, 2024, also raised Buy rating for Marvell Technology Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
Marvell Technology Inc (MRVL) Stock Trading Recap
On Tuesday, Marvell Technology Inc (MRVL) stock saw a decline, ending the day at $95.91 which represents a decrease of $-0.95 or -0.98% from the prior close of $96.86. The stock opened at $97.79 and touched a low of $94.6 during the day, reaching a high of $98.72. The volume of shares traded was 23.11 million exceeding the average volume of 10.49 million.
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MRVL Stock Performance and Moving Averages
In recent trading, Marvell Technology Inc (MRVL) stock price has shown some volatility, fluctuating 3.98% over the last five trades and 13.14% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 44.49%, and it has gained 35.33% in the previous three months. Currently, MRVL is trading at 4.62%, 15.38%, and 31.31% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, MRVL, a Technology sector stock, is trading -1.76% below its 52-week high but remains 90.49% above its 52-week low. The Average True Range (ATR) (14 days) of 3.36 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Marvell Technology Inc’s Profitability and Valuation Ratios
Marvell Technology Inc’s profitability metrics reveal financial health. The company currently boasts an operating margin of -7.48% and a profit margin of -18.30%, with a gross margin of 44.49%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Marvell Technology Inc’s market capitalization stands at $83.08 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The forward P/E ratio, which uses projected earnings for the next financial year, is 37.93. Additionally, the Price-to-Sales Ratio is 15.74, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 5.85, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 0.00% of Marvell Technology Inc (MRVL)’s shares, while financial institutions hold 85.21%.
Notable insider trades include Meintjes Willem A, Chief Financial Officer at Marvell Technology Inc (MRVL), who sold 1500 shares on Nov 15 ’24, at $89.14 each, totaling $0.13 million. On Nov 15 ’24, Koopmans Chris, EVP, Chief Operations Officer, sold 6000 shares for $89.14 each, amounting to $0.53 million. Additionally, on Oct 21 ’24, Koopmans Chris sold 6000 shares at $80.77 each, generating $0.48 million.
