The stock of Marvell Technology Inc (NASDAQ:MRVL) last traded at $62.56, down -1.88% from the previous session.
MRVL stock price is now 2.53% away from the 50-day moving average and -24.68% away from the 200-day moving average. The market capitalization of the company currently stands at $54.04B.
With the price target maintained at $60, Cantor Fitzgerald recently Downgraded its rating from Overweight to Neutral for Marvell Technology Inc (NASDAQ: MRVL). On March 06, 2025, Loop Capital Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock keeping its target price maintained at $110, while ‘TD Cowen’ rates the stock as ‘Buy’
In other news, Casper Mark, EVP & Chief Legal Officer sold 626 shares of the company’s stock on May 19 ’25. The stock was sold for $38,249 at an average price of $61.10. Upon completion of the transaction, the EVP & Chief Legal Officer now directly owns 626 shares in the company, valued at $39162.56. An SEC document containing details of the transaction can be found on the SEC’s website. On May 19 ’25, Officer MARK CASPER bought 626 shares of the business’s stock. A total of $39,914 was incurred on buying the stock at an average price of $63.76. A total of 0.53% 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 net profit margin was -15.35% and return on equity was -6.26% for MRVL.
