Marvell Technology Inc (NASDAQ:MRVL) currently has a daily average trading volume of 21.36M but it saw 18197824 shares traded in last market. With a market cap of 62.30B USD, the company’s current market price of $72.26 came rising about 0.43 while comparing to the previous closing price of $71.95. In past 52 weeks, the stock remained buoying in the range of price level as high as $127.48 and as low as $47.08. In the recent trading on the day, stock has struck highest price mark of $71.3 while lowest mark touched by it was $73.48.
Redburn Atlantic also issued its recommendations for the stock as it initiated the price target for the stock is $67.
Over the week, MRVL’s stock price is moving -5.22% down while it is 5.72% when we observe its performance for the past one month. Year-to-date it is 0.25% up and over the past year, the stock is showing a downside performance of -34.58%.
The company is expected to be releasing its next quarterly report on 2025-May-29, for which analysts forecasted an EPS of 0.67 while estimate for next year EPS is 2.8. In next quarter, company is expected to be making quarterly sales of $2.12B as analysts are expecting the sales for current fiscal year at $8.25B and seeing the company making $9.78B in sales next year. Moreover, analysts are in estimates of $2.01B for current-quarter revenue.
Currently, Marvell Technology Inc’s total number of outstanding shares is 862.20M with 0.30% of that held by the insiders while 87.86% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -2.94% and return on equity (ROE) at -3.54%. It has a 20.25 of forward P/E ratio. Stock’s beta reads 1.84. Stock has a price to book (P/B) ratio of 4.68 while price to sale or P/S ratio amounts to 9.58. Its return on asset (ROA) is -2.43% on average.
