The price of Marvell Technology Inc (NASDAQ:MRVL) shares last traded on Wall Street fell -0.03% to $58.68.
MRVL stock price is now -15.90% away from the 50-day moving average and -29.71% away from the 200-day moving average. The market capitalization of the company currently stands at $50.82B.
With the price target maintained at $110, Loop Capital recently Upgraded its rating from Hold to Buy for Marvell Technology Inc (NASDAQ: MRVL). On March 06, 2025, TD Cowen reiterated its ‘Buy’ rating on the stock by increasing its target price from $125 to quote $95, while ‘Summit Insights’ rates the stock as ‘Hold’
In other news, Casper Mark, EVP & Chief Legal Officer sold 12,460 shares of the company’s stock on Apr 23 ’25. The stock was sold for $685,300 at an average price of $55.00. Upon completion of the transaction, the EVP & Chief Legal Officer now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 23 ’25, Officer MARK CASPER bought 12,460 shares of the business’s stock. A total of $630,725 was incurred on buying the stock at an average price of $50.62. A total of 0.51% of the company’s stock is owned by insiders.
During the past 12 months, Marvell Technology Inc has had a low of $47.08 and a high of $127.48. As of last week, the company has a debt-to-equity ratio of 0.35, a current ratio of 1.54, and a quick ratio of 1.03. The fifty day moving average price for MRVL is $69.7718 and a two-hundred day moving average price translates $83.48235 for the stock.
The latest earnings results from Marvell Technology Inc (NASDAQ: MRVL) was released for 2025-02-01. The net profit margin was -15.35% and return on equity was -6.26% for MRVL. The company reported revenue of $1.82 billion for the quarter, compared to $1.43 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 27.4 percent. For the current quarter, analysts expect MRVL to generate $1.88B in revenue.
