Home
News
- 1 MRVL stock price decreased by 4.14% over the past seven days.
- 2 Marvell Technology Inc ( NASDAQ: MRVL) stock’s 52-week price range is $36 – $67.
Marvell Technology, a company in the Semiconductor industry, has been experiencing a decline in its earnings over the years, according to a financial website called Simply Wall St. Its average annual earnings growth rate was -24.3%, while the industry average was 31.8%. On the other hand, its revenues have been increasing at an average annual rate of 19.6%. This suggests that the company has been facing some challenges in managing its costs and profitability.
The debt-to-equity ratio of Marvell Technology, a company in the Semiconductor industry, is 30.2%, which means that it has $30.2 of debt for every $100 of equity. This is based on its total shareholder equity of $15.5 Billion and total debt of $4.7 Billion, as reported by a financial website called Simply Wall. The company also has $22.3 Billion of total assets and $6.8 Billion of total liabilities. Its EBIT, or earnings before interest and taxes, is $195.4 Million, which gives it an interest coverage ratio of 1.1. This means that it can barely cover its interest expenses with its operating income. The company has $1.0 Billion of cash and short-term investments on its balance sheet.
The market capitalization of Marvell stock is $53.913 Billion and the total revenue is $5.92 Billion. Moreover, the stock’s basic EPS is negative $0.19 and the price-to-earnings ratio is negative 323.4. Moreover, the average volume is 10.155 Million and the current volume is 7.637 Million, the current volume is below average volume.
Moreover, the Marvell stock has done well in the last month, increasing by 3.18% and by 34.02% in the last six months. Moreover, Marvell Technology Inc (NASDAQ: MRVL) stock has a positive year-to-date return of 65.37%.
Technical Analysis of Marvell Stock Stock Price in 1-D Timeframe
The price action shows that Marvell Technology Inc’s ( NASDAQ: MRVL) stock price has been on an inclining trend for the last three months, increasing by 57.20% making higher highs and higher lows and rising. At the time of writing, MRVL stock has faced resistance and took a pullback, and is trading near support around $62.69.
Therefore, if the MRVL price fails to sustain the current level and drops, it might hit the nearest support levels of $61.21 and $56.54.
However, if it maintains the current level, the MRVL price could continue to move upward and reach the first and second resistance levels at $67.17 and $68.90.
At the time of publishing, Marvell Technology Inc. (NASDAQ: MRVL) is trading above the 50, 100, and 200-day EMA (exponential moving averages), which are supporting the MRVL price trend.
However, 20-day EMA is rejecting the trend if more selling volume adds up then the price might conquer supporting EMA’s by making lower highs and lows.
Hence, MRVL price is expected to move downwards showing bearish views over the daily time frame chart.
The current value of RSI is 51.11 points. The 14 SMA is above the median line at 58.11 points which indicates that Marvell Stock is bearish as the RSI took rejection from 14 SMA and below the neutral line indicating the price is headed for oversold territory.
The MACD line at 0.9915 and signal line at 1.46 are above the zero line and both lines have crossed in on each other. A bearish crossover is observed in the MACD oscillator which might signal more bearishness for the Marvell stock price.
Summary
Marvell Technology Inc (NASDAQ: MRVL) indicates that the investors and traders of the stock price are bearish on the 1-D time frame. The price action reflects a bearish outlook at the time of publishing. The technical analysis tools of the Marvell stock price also support the bearish trend. The MACD, RSI, and EMA highlight positive signals and imply that the uptrend may continue in Marvell Stock price
Technical Levels
- Support levels: The nearest support levels for Marvell stock price are $61.21 and $56.54.
- Resistance levels: The nearest resistance levels for Marvell stock price are $67.17 and $68.90.
Disclaimer
In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.
