Stocks of Marvell Technology Inc (NASDAQ:MRVL) traded higher last session on Wall Street, down -4.83% to $71.55.
MRVL stock price is now 8.24% away from the 50-day moving average and -14.07% away from the 200-day moving average. The market capitalization of the company currently stands at $61.69B.
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, SWITZ ROBERT E, Director bought 78,209 shares of the company’s stock on Jul 02 ’25. The stock was bought for $5,473,847 at an average price of $69.99. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 20 ’25, Former Affiliate Hussain Muhammad Raghib bought 78,324 shares of the business’s stock. A total of $5,914,245 was incurred on buying the stock at an average price of $75.51. 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 fifty day moving average price for MRVL is $66.102 and a two-hundred day moving average price translates $83.26895 for the stock.
The latest earnings results from Marvell Technology Inc (NASDAQ: MRVL) was released for 2025-05-03. The net profit margin was -7.56% and return on equity was -3.54% for MRVL. The company reported revenue of $1.9 billion for the quarter, compared to $1.16 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 63.26 percent.
