|Bid||41.15 x 1200|
|Ask||41.60 x 800|
|Day's range||40.39 - 41.83|
|52-week range||33.75 - 76.59|
|Beta (5Y monthly)||1.47|
|PE ratio (TTM)||N/A|
|Earnings date||24 May 2023 - 29 May 2023|
|Forward dividend & yield||0.24 (0.59%)|
|Ex-dividend date||05 Apr 2023|
|1y target est||57.42|
The average brokerage recommendation (ABR) for Marvell (MRVL) is equivalent to a Buy. The overly optimistic recommendations of Wall Street analysts make the effectiveness of this highly sought-after metric questionable. So, is it worth buying the stock?
Marvell recently reported earnings, and unfortunately for investors, its guidance did not meet expectations due to the memory market downturn, creating a tailwind for its data center solutions.
The final months of top chip design company Marvell Technology Group's (NASDAQ: MRVL) fiscal 2023 (the three months ended January 2023) was full of puts and takes. The company grew its revenue and profitability on a year-over-year basis in the fourth quarter, but the immediate-term outlook soured as the current downturn in the chip industry has finally come for Marvell. Marvell CEO Matt Murphy and the top team delivered a stellar fiscal 2023 (the 12 months ended in January 2023, corresponding mostly to calendar year 2022).