In Tuesday’s Wall Street session, Marvell Technology Inc (NASDAQ:MRVL) shares traded at $63.82, up 5.16% from the previous session.
MRVL stock price is now 5.71% away from the 50-day moving average and -23.22% away from the 200-day moving average. The market capitalization of the company currently stands at $55.13B.
With the price target maintained at $66, Melius recently Downgraded its rating from Buy to Hold for Marvell Technology Inc (NASDAQ: MRVL). On May 07, 2025, Cantor Fitzgerald Downgraded its previous ‘Overweight’ rating to ‘Neutral’ on the stock keeping its target price maintained at $60, while ‘Loop Capital’ 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 $39951.32. 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 0.52% 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. 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.
