On Friday, Marvell Technology Inc (NASDAQ: MRVL) opened lower -3.16% from the last session, before settling in for the closing price of $90.70. Price fluctuations for MRVL have ranged from $50.35 to $95.09 over the past 52 weeks.
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Annual sales at Technology sector company grew by 16.04% over the past five years. Company’s average yearly earnings per share was noted -3.33% at the time writing. With a float of $858.77 million, this company’s outstanding shares have now reached $865.50 million.
Let’s look at the performance matrix of the company that is accounted for 6577 employees. 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) Insider Updates
A key investor’s attitude towards the stock of the Semiconductors industry is another important factor to consider. The insider ownership of Marvell Technology Inc is 1.19%, while institutional ownership is 85.17%. The most recent insider transaction that took place on Nov 15 ’24, was worth 534,840. Before that another transaction happened on Nov 15 ’24, when Company’s Officer proposed sale 1,500 for $89.14, making the entire transaction worth $133,710.
Marvell Technology Inc (MRVL) Performance Highlights and Predictions
If we go through the results of last quarter, which was made public on 7/31/2024, the company posted 0.41 earnings per share (EPS) for the quarter, besting the agreed prediction (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 -3.33% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 27.23% 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
Check out the current performance indicators for Marvell Technology Inc (MRVL). In the past quarter, the stock posted a quick ratio of 1.26. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 13.96. Likewise, its price to free cash flow for the trailing twelve months is 52.05.
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 2.51 in one year’s time.
Technical Analysis of Marvell Technology Inc (MRVL)
Marvell Technology Inc (NASDAQ: MRVL) saw its 5-day average volume 9.18 million, a negative change from its year-to-date volume of 12.14 million. As of the previous 9 days, the stock’s Stochastic %D was 49.67%. Additionally, its Average True Range was 3.11.
During the past 100 days, Marvell Technology Inc’s (MRVL) raw stochastic average was set at 82.67%, which indicates a significant increase from 54.74% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 44.74% in the past 14 days, which was lower than the 53.06% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $78.89, while its 200-day Moving Average is $71.73. Nevertheless, the first resistance level for the watch stands at $89.25 in the near term. At $90.68, the stock is likely to face the second major resistance level. The third major resistance level sits at $91.56. If the price goes on to break the first support level at $86.94, it is likely to go to the next support level at $86.06. Assuming the price breaks the second support level, the third support level stands at $84.63.
Marvell Technology Inc (NASDAQ: MRVL) Key Stats
There are currently 886,200K shares outstanding in the company with a market cap of 73.67 billion. Presently, the company’s annual sales total 5,508 M according to its annual income of -933,400 K. Last quarter, the company’s sales amounted to 1,273 M and its income totaled -193,300 K.
