Currently, there are 865.20M common shares owned by the public and among those 857.97M shares have been available to trade.
The company’s stock has a 5-day price change of -19.58% and 22.61% over the past three months. MRVL shares are trading -9.16% year to date (YTD), with the 12-month market performance up to 38.81% higher. It has a 12-month low price of $53.19 and touched a high of $127.48 over the same period. MRVL has an average intraday trading volume of 13.09 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 -14.21%, -7.23%, and 24.20% respectively.
Institutional ownership of Marvell Technology Inc (NASDAQ: MRVL) shares accounts for 85.32% of the company’s 865.20M shares outstanding.
It has a market capitalization of $86.82B 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 4.26% over the week and 3.59% over the month.
Earnings per share for the fiscal year are expected to increase by 3.10%, and 78.99% over the next financial year.
Looking at the support for the MRVL, a number of firms have released research notes about the stock. Melius stated their Buy rating for the stock in a research note on January 27, 2025, with the firm’s price target at $188. Wells Fargo coverage for the Marvell Technology Inc (MRVL) stock in a research note released on December 04, 2024 offered a Overweight rating with a price target of $130. UBS was of a view on December 04, 2024 that the stock is Buy, while The Benchmark Company gave the stock Buy rating on December 04, 2024, issuing a price target of $115- $135. TD Cowen on their part issued Buy rating on December 04, 2024.
