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 -0.27% and 21.58% over the past three months. MRVL shares are trading 53.69% year to date (YTD), with the 12-month market performance up to 65.22% higher. It has a 12-month low price of $50.35 and touched a high of $95.55 over the same period. MRVL has an average intraday trading volume of 10.72 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 2.43%, 12.79%, and 27.41% respectively.
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
Institutional ownership of Marvell Technology Inc (NASDAQ: MRVL) shares accounts for 85.17% of the company’s 865.50M shares outstanding.
It has a market capitalization of $82.60B and a beta (3y monthly) value of 1.44. 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 3.73% over the week and 3.32% over the month.
Earnings per share for the fiscal year are expected to decrease by -3.08%, and 72.76% 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. Oppenheimer stated their Outperform rating for the stock in a research note on November 26, 2024, with the firm’s price target at $90-$110. Loop Capital coverage for the Marvell Technology Inc (MRVL) stock in a research note released on November 12, 2024 offered a Hold rating with a price target of $95. Jefferies was of a view on May 13, 2024 that the stock is Buy, while Evercore ISI gave the stock Outperform rating on April 16, 2024, issuing a price target of $88. Summit Insights on their part issued Buy rating on March 08, 2024.
