On Friday, Marvell Technology Inc (NASDAQ: MRVL) opened lower -1.81% from the last session, before settling in for the closing price of $115.71. Price fluctuations for MRVL have ranged from $53.19 to $126.15 over the past 52 weeks.
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During the last 5-year period, the sales growth of Technology Sector giant was 16.04%. Company’s average yearly earnings per share was noted 3.11% at the time writing. With a float of $857.92 million, this company’s outstanding shares have now reached $865.20 million.
Let’s determine the extent of company efficiency that accounts for 6577 employees. In terms of profitability, gross margin is 39.6%, operating margin of -17.76%, and the pretax margin is -21.98%.
Marvell Technology Inc (MRVL) Insider Activity
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 0.85%, while institutional ownership is 85.38%. The most recent insider transaction that took place on Dec 16 ’24, was worth 735,000. In this transaction EVP, Chief Operations Officer of this company sold 6,000 shares at a rate of $122.50, taking the stock ownership to the 97,244 shares. Before that another transaction happened on Dec 16 ’24, when Company’s Chief Financial Officer sold 1,500 for $122.50, making the entire transaction worth $183,750. This insider now owns 112,711 shares in total.
Marvell Technology Inc (MRVL) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 3.11% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 33.65% 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 1.11. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 17.96. Likewise, its price to free cash flow for the trailing twelve months is 67.60.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.71, a number that is poised to hit 0.59 in the next quarter and is forecasted to reach 2.76 in one year’s time.
Technical Analysis of Marvell Technology Inc (MRVL)
Looking closely at Marvell Technology Inc (NASDAQ: MRVL), its last 5-days average volume was 11.16 million, which is a drop from its year-to-date volume of 12.63 million. As of the previous 9 days, the stock’s Stochastic %D was 49.21%. Additionally, its Average True Range was 5.43.
During the past 100 days, Marvell Technology Inc’s (MRVL) raw stochastic average was set at 82.13%, which indicates a significant increase from 42.44% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 79.97% in the past 14 days, which was higher than the 62.97% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $96.53, while its 200-day Moving Average is $76.48. However, in the short run, Marvell Technology Inc’s stock first resistance to watch stands at $115.28. Second resistance stands at $116.93. The third major resistance level sits at $118.88. If the price goes on to break the first support level at $111.68, it is likely to go to the next support level at $109.73. Should the price break the second support level, the third support level stands at $108.08.
Marvell Technology Inc (NASDAQ: MRVL) Key Stats
There are currently 865,300K shares outstanding in the company with a market cap of 96.54 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 1,516 M and its income totaled -676,300 K.
