Currently, there are 865.50M common shares owned by the public and among those 858.78M shares have been available to trade.
The company’s stock has a 5-day price change of 3.98% and 32.32% over the past three months. MRVL shares are trading 52.94% year to date (YTD), with the 12-month market performance up to 64.63% higher. It has a 12-month low price of $50.35 and touched a high of $95.09 over the same period. MRVL has an average intraday trading volume of 10.87 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 3.54%, 13.81%, and 27.40% respectively.
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Institutional ownership of Marvell Technology Inc (NASDAQ: MRVL) shares accounts for 85.15% of the company’s 865.50M shares outstanding.
It has a market capitalization of $79.53B and a beta (3y monthly) value of 1.45. The earnings-per-share (ttm) stands at -$1.12. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.90% over the week and 3.06% over the month.
Earnings per share for the fiscal year are expected to decrease by -3.20%, and 72.33% over the next financial year. EPS should grow at an annualized rate of 27.23% over the next five years, compared to -29.04% over the past 5-year period.
Looking at the support for the MRVL, a number of firms have released research notes about the stock. Loop Capital stated their Hold rating for the stock in a research note on November 12, 2024, with the firm’s price target at $95. Jefferies coverage for the Marvell Technology Inc (MRVL) stock in a research note released on May 13, 2024 offered a Buy rating with a price target of $85. TD Cowen on their part issued Outperform rating on March 08, 2024.
