The trading price of Marvell Technology Inc (NASDAQ:MRVL) closed lower on Friday, April 19, closing at $62.13, -4.77% lower than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $85.76 and a 52-week low of $36.90. Over the past month, the stock has lost -5.20% in value.
Marvell Technology Inc, whose market valuation is $53.80 billion at the time of this writing. The dividend yield on the company stock is 0.39%, while its Forward Dividend ratio is 0.24. Investors’ optimism about the company’s current quarter earnings report is understandable.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Marvell Technology Inc No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest MRVL has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Buy, while an average of long term indicators suggests that the stock is currently 50% Buy.
A quick review shows that MRVL’s price is currently -11.26% off the SMA20 and -11.64% off the SMA50. The RSI metric on the 14-day chart is currently showing 33.36, and weekly volatility stands at 4.52%. When measured over the past 30 days, the indicator reaches 4.10%. Marvell Technology Inc (NASDAQ:MRVL)’s beta value is currently sitting at 1.47, while the Average True Range indicator is currently displaying 3.11.
To see how Marvell Technology Inc stock has been performing in comparison to its peers in the industry, here are the numbers: MRVL stock’s performance was -4.77% in the latest trading, and 51.43% in the past year.
An evaluation of the daily trading volume of Marvell Technology Inc (NASDAQ:MRVL) indicates that the 3-month average is 14.32 million.
Currently, records show that 865.50 million of the company’s shares remain outstanding. The insiders hold 1.16% of outstanding shares, whereas institutions hold 84.58%. However, since the stock’s price has seen 3.02% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
