With 32.04 million shares changed hands, the volume of the stock remained heavier than its average volume of 12.28 million shares. During the session, the Semiconductors company that operates in wider Technology sector, reached to the highest price of $122.93 whereas the lowest price it dropped to was $111.9. The 52-week range on MRVL shows that it touched its highest point at $126.15 and its lowest point at $53.19 during that stretch. It currently has a 1-year price target of $120.88. With its current market cap of 97.13 billion, MRVL has annualized dividend of $0.24 while the current yield stands at 0.21%. Beta for the stock currently stands at 1.45.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of MRVL was up-trending over the past week, with a rise of 5.22%, but this was up by 27.80% over a month. Three-month performance surged to 56.88% while six-month performance rose 53.47%. The stock gained 88.37% in the past year, while it has gained 86.12% so far this year. A look at the trailing 12-month EPS for MRVL yields -1.71 with Next year EPS estimates of 2.76. For the next quarter, that number is 0.59. This implies an EPS growth rate of 2.92% for this year and 77.82% for next year. EPS is expected to grow by 33.65% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -29.04%.
Float and Shares Shorts:
At present, 865.20 million MRVL shares are outstanding with a float of 857.89 million shares on hand for trading. On 2024-11-15, short shares totaled 20.36 million, which was 235.0 higher than short shares on 1728950400. In addition to Mr. Matthew J. Murphy as the firm’s President, CEO & Chairman, Mr. Willem A. Meintjes serves as its Chief Financial Officer.
Institutional Ownership:
Through their ownership of 0.89388 of MRVL’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-08-03, MRVL reported revenue of $1516100000.0 and operating income of -$344500000.0. The EBITDA in the recently reported quarter was -$3000000.0 and diluted EPS was -$0.78.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MRVL since 27 analysts follow the stock currently. There are 24 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With MRVL analysts setting a high price target of 140.0 and a low target of 74.2, the average target price over the next 12 months is 118.51818. Based on these targets, MRVL could surge 24.72% to reach the target high and fall by -33.9% to reach the target low. Reaching the average price target will result in a growth of 5.58% from current levels.
Analysts have provided yearly estimates in a range of $1.51997 being high and $1.49997 being low. For MRVL, this leads to a yearly average estimate of $1.50997. Based on analyst estimates, the high estimate for the next quarter is $0.68 and the low estimate is $0.54. The average estimate for the next quarter is thus $0.6.
