Marvell Technology Inc (NASDAQ:MRVL) traded at $62.36 at close of the session on Tuesday, June 03 and made an upward move of 1.45% on its previous day’s price.
Marvell Technology Inc has a market cap of $53.77 billion and is expected to release its quarterly earnings report in July. With its Forward Dividend at 0.24 and a yield of 0.38%, the company’s investors could be anxious for the MRVL stock to gain ahead of the earnings release.
On the other hand, looking at the outlook for the MRVL stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 50% Sell.
Based on estimates by 27 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 2 have rated the Marvell Technology Inc (MRVL) stock as a Hold, while 24 rate it as a Buy. 1 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is 0.38% off its SMA20 and 4.58% from its 50-day simple moving average. The RSI (14) is pointing at 51.27 while the volatility over the past week is 3.55% and jumps to 3.62% over the past one month. The beta value is 1.75, while the average true range (ATR) is currently pointing at 3.33. The average price target for the stock over the next 12 months is $110, with the estimates having a low of $90 and a high of $122. These price ends are -44.32% and -95.64% off the current price level respectively, although investors could be excited at the prospect of a -76.4% if the MRVL share price touches on the median price of $110.
