MRVL Stock Summary and Trading Ideas (Marvell Technology | NASDAQ:MRVL)

Marvell Technology is a fabless chip designer focused on wired networking, where it has the second-highest market share. Marvell serves the data center, carrier, enterprise, automotive, and consumer end markets with processors, optical and copper transceivers, switches, and storage controllers.

Marvell Technology trades on the NASDAQ stock market under the symbol MRVL.

As of February 7, 2025, MRVL stock price declined to $110.62 with 19,681,975 million shares trading.

MRVL has a beta of 2.82, meaning it tends to be more sensitive to market movements. MRVL has a correlation of 0.47 to the broad based SPY ETF.

MRVL has a market cap of $95.80 billion. This is considered a Large Cap stock.

Last quarter Marvell Technology reported $2 billion in Revenue and $.43 earnings per share. This beat revenue expectation by $60 million and exceeded earnings estimates by $.02.

In the last 3 years, MRVL traded as high as $127.48 and as low as $33.75.

The top ETF exchange traded funds that MRVL belongs to (by Net Assets): VTI, QQQ, VXF, VUG, SMH.

MRVL has outperformed the market in the last year with a return of +65.3%, while the SPY ETF gained +23.0%. In the last 3 month period, MRVL beat the market returning +22.1%, while SPY returned +2.0%. However, in the most recent 2 weeks MRVL has underperformed the stock market by returning -12.2%, while SPY returned -1.5%.

MRVL support price is $115.03 and resistance is $123.45 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MRVL shares will trade within this expected range on the day.