The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Marvell Technology Inc. (MRVL) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.43, or -1.09%, to $39.06. The Marvell Technology Inc. has recorded 193,735 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Marvell Technology, Inc. Announces Conference Call to Review First Quarter of Fiscal Year 2024 Financial Results.
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The company is listed on the NASDAQ and operates within the Semiconductors industry segment. At the end of the last regular session, the stock closed at $39.49 and fluctuated between $40.00 as its day high and $38.90 as its day low. The current market capitalization of Marvell Technology Inc. is $32.97B. A total of 14.82 million shares were traded on the day, compared to an average of 11.68M shares.
Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, MRVL has seen 6 BUY and 7 SELL insider trades, representing the acquisition of 34,266 and the disposition of 21,796 shares. Over the last 12 months, there were 110 BUYs and 120 SELLs from insiders. Insiders purchased 414,098 shares during that period but sold 422,585.
In the most recent transaction, Christman Dan sold 6,778 shares of MRVL for 46.05 per share on Feb 09. After the transaction, the EVP, Storage Products Group now owns 85,425 company shares. In a previous transaction on Feb 02, Tamer Ford sold 100,000 shares at 48.00 per share. MRVL shares that Director owns now total 216,083.
Among the insiders who sold shares, Koopmans Chris disposed of 8,000 shares on Feb 02 at a per-share price of $48.00. This resulted in the EVP, Chief Operations Officer holding 113,658 shares of MRVL after the transaction. In another insider transaction, Jarnac Dean E Jr. sold 6,000 shares at $45.00 per share on Feb 01. Company shares held by the EVP Worldwide Sales now total 18,879.
The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. MRVL’s most recent ex-dividend date was 4/5/2023 when it declared a $0.06 quarterly dividend that was paid in cash on 4/26/2023. Previously, the company paid the dividend on 1/25/2023 with an ex-dividend date of 1/5/2023. The MRVL stock dividend was $0.06 per share in cash.
It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for MRVL in the last 3 months, the mean price target is $56.41 with high estimates of $100.00 and low estimates of $45.00. In terms of 52-week highs and lows, MRVL has a high of $63.11 and a low of $33.75.
As of this writing, MRVL has an earnings estimate of $0.29 per share for the current quarter. EPS was calculated based on a consensus of 24 estimates, with a high estimate of $0.32 per share and a lower estimate of $0.29. The company reported an EPS of $0.57 in the last quarter, which was -3.40% lower than expectations of $0.59.
Balance Sheet Annually/Quarterly
An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. MRVL’s latest balance sheet shows that the firm has $613.53M in Cash & Short Term Investments as of fiscal 2022. There were $4.55B in debt and $1.39B in liabilities at the time. Its Book Value Per Share was $18.31, while its Total Shareholder’s Equity was $15.70B.
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 30 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for MRVL is Sell with a score of 4.73. A total of 25 analysts rated the stock as Buy while 2 rated it as Overweight while 3 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.