The Insider Activity Report For Marvell Technology Inc. (MRVL): Who’s Selling?


Marvell Technology Inc. (NASDAQ:MRVL) finished Thursday with a subtraction of -$1.94 to close at $43.52, a downside of -4.27 percent. An average of 9,962,280 shares of common stock have been traded in the last five days. There was a fall of -$3.15 in the past week, and it reached a new high 18 times over the past 12 months. The last 20 days have seen an average of 11,329,490 shares traded, while the 50-day average volume stands at 9,979,366.

MRVL stock has decreased by -15.63% in the last month. The company shares reached their 1-month lowest point of $43.37 on 09/22/22. With the stock rallying to its 52-week high on 01/04/22, shares of the company touched a low of $41.07 and a high of $93.85 in 52 weeks. It has reached a new high 2 times so far this year and lost -50.26% or -$43.97 in price. In spite of this, the price is down -53.63% from the 52-week high.

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Insider Transactions

8 days have passed since Marvell Technology Inc. (MRVL) last reported insider trading activity. GAYNOR MITCHELL, who is EVP, CALO, most recently acquired $5,000 shares at $47.75 per share on Sep 15. In this transaction, the insider spent $238,750. EVP, CALO, GAYNOR MITCHELL, disposed of 5,000 shares at a price of $55.30 on Aug 15. The insider now owns more than $276,500 worth of shares. Prior to that, EVP, Storage Products Group Christman Dan went on to Sale 14,000 shares at $57.28 each on Aug 03. An amount of $801,920 was transacted.

Valuation Metrics

Marvell Technology Inc. (MRVL) stock’s beta is 1.51. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 6.77, the price-to-book (PB) ratio at 2.38, and the price-to-cash flow ratio at 52.70.

Financial Health

The quick ratio of Marvell Technology Inc. for the three months ended July 30 was 0.90, and the current ratio was 1.40, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.25 and a total debt to equity ratio of 0.30 for the quarter ending July 30. Its gross profit as reported stood at $2.06 billion compared to revenue of $4.46 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Marvell Technology Inc.’s return on assets was -1.00%.

Earnings Surprise

In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $4.3 million in the quarter, while revenues of -$165.7 million were grew 6528.6%. The analyst consensus anticipated Marvell Technology Inc.’s latest quarter earnings to come in at $0.56 per share, but it turned out to be $0.57, a 1.80% surprise. For the quarter, EBITDA amounted to $394.1 million. Shareholders own equity worth $852.6 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Marvell Technology Inc. (MRVL) price momentum. RSI 9-day as of the close on 22 September was 28.77%, suggesting the stock is oversold, with historical volatility in this time frame at 30.84%.

As of today, MRVL’s price is $45.35 -6.75% or -$3.15 from its 5-day moving average. MRVL is currently trading -16.69% lower than its 20-day SMA and -25.07% lower than its 100-day SMA. However, the stock’s current price level is -5.68% below the SMA50 and -49.06% below the SMA200.

The stochastic %K and %D were 17.39% and 26.21%, respectively, and the average true range (ATR) was 2.13. With the 14-day stochastic at 2.08% and the average true range at 2.22, the RSI (14) stands at 34.75%. The stock has reached -1.92 on the 9-day MACD Oscillator while the 14-day reading was at -2.07.

Analyst Ratings

Exane BNP Paribas launched coverage on Marvell Technology Inc. (NASDAQ: MRVL) in its analyst report released on September 13, 2022. The firm assigned the stock an Outperform rating.

What is MRVL’s price target for the next 12 months?

Analysts predict a range of price targets between $58.00 and $125.00, with a median target of $70.00. Taking a look at these predictions, the average price target given by analysts for Marvell Technology Inc. (MRVL) stock is $74.00.


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