Currently, there are 865.20M common shares owned by the public and among those 854.57M shares have been available to trade.
The company’s stock has a 5-day price change of -1.98% and 26.87% over the past three months. MRVL shares are trading 0.15% year to date (YTD), with the 12-month market performance up to 64.91% 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 14.04 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 -4.05%, -1.17%, and 33.65% respectively.
Institutional ownership of Marvell Technology Inc (NASDAQ: MRVL) shares accounts for 84.45% of the company’s 865.20M shares outstanding.
It has a market capitalization of $95.72B and a beta (3y monthly) value of 1.38. 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 6.25% over the week and 4.41% over the month.
Earnings per share for the fiscal year are expected to increase by 3.18%, and 79.14% over the next financial year. EPS should grow at an annualized rate of 34.75% 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. 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.
