The stock of Marvell Technology Inc (NASDAQ:MRVL) last traded at $61.47, up 2.13% from the previous session.
MRVL stock price is now 2.81% away from the 50-day moving average and -26.07% away from the 200-day moving average. The market capitalization of the company currently stands at $53.10B.
With the price target enhanced from $60 to $70, TD Cowen maintained Buy rating for Marvell Technology Inc (NASDAQ: MRVL). On May 28, 2025, Redburn Atlantic recently initiated its ‘Neutral’ rating on the stock quoting a target price of $67, while ‘Melius’ rates the stock as ‘Hold’
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 $38480.22. 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 0.36, a current ratio of 1.30, and a quick ratio of 0.94.
The net profit margin was -7.56% and return on equity was -3.54% for MRVL. For the current quarter, analysts expect MRVL to generate $2.01B in revenue.
