Marvell Technology Inc (NASDAQ:MRVL) price on Thursday, April 10, fall -13.27% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $52.87.
A look at the stock’s price movement, the close in the last trading session was $60.96, moving within a range at $50.31 and $58.38. The beta value (5-Year monthly) was 1.777. Turning to its 52-week performance, $127.48 and $47.08 were the 52-week high and 52-week low respectively. Overall, MRVL moved -24.31% over the past month.
Marvell Technology Inc’s market cap currently stands at around $45.79 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Mar-04. The company has a Forward Dividend ratio of 0.24, with its dividend yield at 0.45%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 1.88B for the company’s revenue for the quarter, with a low and high estimate of 1.87B and 1.92B respectively. The average forecast suggests up to a 61.80% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 8.22B, representing a 42.59% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that MRVL is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
27 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 2 analyst(s) rate the stock as a Hold, 24 recommend MRVL as a Buy and 1 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
MRVL’s current price about -16.32% and -36.59% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 35.20, while 7-day volatility ratio is 16.78% and 7.40% in the 30-day chart. Further, Marvell Technology Inc (MRVL) has a beta value of 1.81, and an average true range (ATR) of 5.95. Analysts have given the company’s stock an average 52-week price target of $110, forecast between a low of $90 and high of $122. Looking at the price targets, the low is -70.23% off current price level while to achieve the yearly target high, price needs to move -130.75%. Nonetheless, investors will most likely welcome a -108.06% jump to $110 which is the analysts’ median price.
If we refocus on Marvell Technology Inc (NASDAQ:MRVL), historical trading data shows that trading volumes averaged 25.89 over the past 10 days and 17.83 million over the past 3 months. The company’s latest data on shares outstanding shows there are 866.00 million shares.
The 0.48% of Marvell Technology Inc’s shares are in the hands of company insiders while institutional holders own 85.05% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 25.45 million on 2025-03-14, giving us a short ratio of 1.16. The data shows that as of 2025-03-14 short interest in Marvell Technology Inc (MRVL) stood at 347.0 of shares outstanding, with shares short rising to 19.54 million registered in 2025-02-14. Current price change has pushed the stock -52.13% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the MRVL stock continues to rise going into the next quarter.
