Marvell Technology Inc (NASDAQ:MRVL) shares, rose in value on Wednesday, March 26, with the stock price down by -6.85% to the previous day’s close as strong demand from buyers drove the stock to $66.76.
Actively observing the price movement in the last trading, the stock closed the session at $71.67, falling within a range of $65.8371 and $71.2. The value of beta (5-year monthly) was 1.419. Referring to stock’s 52-week performance, its high was $127.48, and the low was $53.19. On the whole, MRVL has fluctuated by -28.22% over the past month.
With the market capitalization of Marvell Technology Inc currently standing at about $57.82 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Mar-04. The company’s Forward Dividend Ratio is 0.24, with its dividend yield at 0.36%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 8.23B, with a low estimate of 1.87B and a high estimate of 1.92B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.88B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that MRVL’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of MRVL currently trading nearly -10.25% and -30.72% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 32.36, while the 7-day volatility ratio is showing 4.11% which for the 30-day chart, stands at 5.74%. Furthermore, Marvell Technology Inc (MRVL)’s beta value is 1.71, and its average true range (ATR) is 4.72.
A comparison of Marvell Technology Inc (MRVL) with its peers suggests the former has fared considerably weaker in the market. MRVL showed an intraday change of -6.85% in last session, and over the past year, it grew by 0.33%%.
Data on historical trading for Marvell Technology Inc (NASDAQ:MRVL) indicates that the trading volumes over the past 10 days have averaged 13.11 and over the past 3 months, they’ve averaged 15.42 million. According to company’s latest data on outstanding shares, there are 866.00 million shares outstanding.
Nearly 0.50% of Marvell Technology Inc’s shares belong to company insiders and institutional investors own 85.05% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 25.45 million shares as on 2025-03-14, resulting in a short ratio of 1.16. According to the data, the short interest in Marvell Technology Inc (MRVL) stood at 347.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 19.54 million. The stock has fallen by -39.56% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the MRVL stock heading into the next quarter.
