Currently, there are 865.20M common shares owned by the public and among those 857.90M shares have been available to trade.
The company’s stock has a 5-day price change of -7.34% and 55.83% over the past three months. MRVL shares are trading 85.54% year to date (YTD), with the 12-month market performance up to 94.47% higher. It has a 12-month low price of $53.19 and touched a high of $126.15 over the same period. MRVL has an average intraday trading volume of 13.07 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 5.73%, 19.55%, and 47.97% 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 85.34% of the company’s 865.20M shares outstanding.
It has a market capitalization of $99.30B and a beta (3y monthly) value of 1.41. The earnings-per-share (ttm) stands at -$1.71. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.90% over the week and 4.85% over the month.
Earnings per share for the fiscal year are expected to increase by 3.08%, and 77.58% over the next financial year. EPS should grow at an annualized rate of 33.65% 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. Wells Fargo stated their Overweight rating for the stock in a research note on December 04, 2024, with the firm’s price target at $110-$130. UBS coverage for the Marvell Technology Inc (MRVL) stock in a research note released on December 04, 2024 offered a Buy rating with a price target of $115. The Benchmark Company was of a view on December 04, 2024 that the stock is Buy, while TD Cowen gave the stock Buy rating on December 04, 2024, issuing a price target of $90- $125. Susquehanna on their part issued Positive rating on December 04, 2024.
