Currently, there are 865.30M common shares owned by the public and among those 860.94M shares have been available to trade.
The company’s stock has a 5-day price change of -22.85% and -26.14% over the past three months. MRVL shares are trading -35.86% year to date (YTD), with the 12-month market performance down to -10.02% lower. 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 15.89 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 -27.40%, -34.57%, and -17.15% respectively.
Institutional ownership of Marvell Technology Inc (NASDAQ: MRVL) shares accounts for 85.20% of the company’s 865.30M shares outstanding.
It has a market capitalization of $61.30B and a beta (3y monthly) value of 1.71. The earnings-per-share (ttm) stands at -$1.03. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.91% over the week and 5.92% over the month.
Earnings per share for the fiscal year are expected to increase by 78.93%, and 31.48% over the next financial year.
Looking at the support for the MRVL, a number of firms have released research notes about the stock. Loop Capital stated their Buy rating for the stock in a research note on March 06, 2025, with the firm’s price target at $110. TD Cowen coverage for the Marvell Technology Inc (MRVL) stock in a research note released on March 06, 2025 offered a Buy rating with a price target of $95. Summit Insights was of a view on March 06, 2025 that the stock is Hold, while Melius gave the stock Buy rating on January 27, 2025, issuing a price target of $188. Wells Fargo on their part issued Overweight rating on December 04, 2024.
