Marvell Technology Inc (NASDAQ:MRVL) shares, rose in value, with the stock price up by 1.55% to the previous day’s close as strong demand from buyers drove the stock to $64.85.
Actively observing the price movement in the last trading, the stock closed the session at $63.86. Referring to stock’s 52-week performance, its high was $85.76, and the low was $36.90. On the whole, MRVL has fluctuated by -1.92% over the past month.
The company’s Forward Dividend Ratio is 0.24, with its dividend yield at 0.37%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that MRVL’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of MRVL currently trading nearly -6.69% and -7.24% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 41.44, while the 7-day volatility ratio is showing 3.58% which for the 30-day chart, stands at 4.06%. Furthermore, Marvell Technology Inc (MRVL)’s beta value is 1.48, and its average true range (ATR) is 2.86.
A comparison of Marvell Technology Inc (MRVL) with its peers suggests the former has fared considerably weaker in the market. MRVL showed an intraday change of 1.55% in last session, and over the past year, it grew by 67.31%%.
Data on historical trading for Marvell Technology Inc (NASDAQ:MRVL) indicates that the trading volumes over the past 3 months, they’ve averaged 14.18 million. According to company’s latest data on outstanding shares, there are 865.50 million shares outstanding.
Nearly 1.16% of Marvell Technology Inc’s shares belong to company insiders and institutional investors own 84.57% of the company’s shares. The stock has risen by 7.53% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the MRVL stock heading into the next quarter.
