Marvell Technology Inc (NASDAQ: MRVL) kicked off on Monday, up 4.12% from the previous trading day, before settling in for the closing price of $66.20. Over the past 52 weeks, MRVL has traded in a range of $46.07-$85.76.
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Technology Sector giant saw their annual sales surged by 16.04% over the last five years. While this was happening, its average annual earnings per share was recorded -3.18%. With a float of $854.82 million, this company’s outstanding shares have now reached $865.50 million.
The firm has a total of 6577 workers. Let’s measure their productivity. In terms of profitability, gross margin is 44.15%, operating margin of -7.55%, and the pretax margin is -11.72%.
Marvell Technology Inc (MRVL) Breakdown of a Key Holders of the stock
Our next focus will be how large-scale investors are participating in this stock of the Semiconductors Industry. The insider ownership of Marvell Technology Inc is 1.31%, while institutional ownership is 87.29%. The most recent insider transaction that took place on Aug 15 ’24, was worth 100,125. In this transaction Chief Financial Officer of this company sold 1,500 shares at a rate of $66.75, taking the stock ownership to the 113,253 shares. Before that another transaction happened on Aug 15 ’24, when Company’s Officer proposed sale 1,500 for $66.75, making the entire transaction worth $100,125.
Marvell Technology Inc (MRVL) Recent Fiscal highlights
In the latest quarterly report, which was put into the public domain on 7/31/2024, the organization reported 0.41 earnings per share (EPS), higher than consensus estimate (set at 0.4) by 0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.52 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -3.18% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 19.06% during the next five years compared to -29.04% drop over the previous five years of trading.
Marvell Technology Inc (NASDAQ: MRVL) Trading Performance Indicators
Take a look at Marvell Technology Inc’s (MRVL) current performance indicators. Last quarter, stock had a quick ratio of 1.26. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 11.31. Likewise, its price to free cash flow for the trailing twelve months is 42.18.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.12, a number that is poised to hit 0.41 in the next quarter and is forecasted to reach 2.50 in one year’s time.
Technical Analysis of Marvell Technology Inc (MRVL)
Analysing the last 5-days average volume posted by the [Marvell Technology Inc, MRVL], we can find that recorded value of 14.33 million was better than the volume posted last year of 12.63 million. As of the previous 9 days, the stock’s Stochastic %D was 18.02%. Additionally, its Average True Range was 3.78.
During the past 100 days, Marvell Technology Inc’s (MRVL) raw stochastic average was set at 60.98%, which indicates a significant increase from 25.25% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 70.14% in the past 14 days, which was higher than the 56.57% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $67.96, while its 200-day Moving Average is $67.24. Now, the first resistance to watch is $69.47. This is followed by the second major resistance level at $70.01. The third major resistance level sits at $70.99. If the price goes on to break the first support level at $67.95, it is likely to go to the next support level at $66.97. Now, if the price goes above the second support level, the third support stands at $66.43.
Marvell Technology Inc (NASDAQ: MRVL) Key Stats
The company with the Market Capitalisation of 59.71 billion has total of 865,600K Shares Outstanding. Its annual sales at the moment are 5,508 M in contrast with the sum of -933,400 K annual income. Company’s last quarter sales were recorded 1,273 M and last quarter income was -193,300 K.
