Marvell Technology Inc (NASDAQ:MRVL) traded at $69.48 at last check on Monday, April 29, made a downward move of -0.20% on its previous day’s price.
Looking at the stock we see that its previous close was $69.62. In terms of its 52-week price range, MRVL has a high of $85.76 and a low of $37.71. The company’s stock has lost about -1.98% over that past 30 days.
Marvell Technology Inc has a market cap of $60.17 billion. With its Forward Dividend at 0.24 and a yield of 0.35%, the company’s investors could be anxious for the MRVL stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.24, with the EPS growth for the year raised at $1.42 for 2025 and $2.4 for next year. These figures represent -6.00% and 69.00% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $1.17 billion, with a low of $1.15 billion and a high of $1.49 billion. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2025 is expected to hit $5.33 billion, or -3.20% down from figures reported last year.
On the other hand, looking at the outlook for the MRVL stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 50% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Looking further, we note the current price level is 0.66% off its SMA20 and -0.46% from its 50-day simple moving average. The RSI (14) is pointing at 52.91 while the volatility over the past week is 3.08% and jumps to 4.07% over the past one month. The beta value is 1.46, while the average true range (ATR) is currently pointing at 2.77.
Coming back to Marvell Technology Inc (NASDAQ:MRVL), we note that the average 3-month trading volume was 14.01 million. Current shares outstanding are 865.50 million.
The insiders hold 1.16% of the company’s shares while institutions hold 84.83%. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 15.20% up in year-to-date price movement.
