Marvell Technology Inc (NASDAQ:MRVL) shares traded -0.43% lower at $68.84 on Wall Street last session.
MRVL stock price is now 15.45% away from the 50-day moving average and -17.13% away from the 200-day moving average. The market capitalization of the company currently stands at $59.35B.
On May 30, 2025, TD Cowen reiterated its ‘Buy’ rating on the stock by increasing its target price from $60 to quote $70, while ‘Redburn Atlantic’ rates the stock as ‘Neutral’
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 $43093.84. 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.
