Shares of Marvell Technology (MRVL, Financial) experienced significant movement with a 5% increase in price. The stock is currently trading at $77.71, with a total trading volume of 6.64992 million shares and a turnover rate of 0.77%. The stock's amplitude is recorded at 4.26%.
Recent financial results reveal that Marvell Technology reported a revenue of $1.273 billion, a net loss of $193 million, and an earnings per share (EPS) of $-0.22. The company also reported a gross profit of $588 million, resulting in a price-to-earnings (P/E) ratio of -69.99.
Institutional ratings are strong for Marvell, with 94% of 34 participating brokerage firms recommending a buy, while 6% suggest holding. Notably, there are no sell recommendations from these institutions.
Within the semiconductor industry, where Marvell Technology operates, the sector's overall gain was 2.25%. Related stocks showing notable increases include American Pixels, Wisekey International Holdings, and WiSA Technologies. Stocks such as Aehr Test Systems, Wolfspeed, Inc., and WiSA Technologies were particularly active with turnover rates of 6.13%, 3.95%, and 3.90%, respectively. Stocks like Sealsq Corp, Howwei, and American Pixels exhibited significant amplitudes of 17.46%, 17.37%, and 9.79%, respectively.
Marvell Technology is a fabless chip design company specializing in wired networking. It holds the second-largest market share in this field and provides processors, optical and copper transceivers, switches, and storage controllers for data centers, operators, enterprises, automotive, and consumer endpoint markets.
