The price of Marvell Technology Inc (NASDAQ:MRVL) shares last traded on Wall Street rose 3.51% to $59.65.
MRVL stock price is now -5.70% away from the 50-day moving average and -28.18% away from the 200-day moving average. The market capitalization of the company currently stands at $51.53B.
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, Meintjes Willem A, Chief Financial Officer sold 1,500 shares of the company’s stock on May 01 ’25. The stock was sold for $90,000 at an average price of $60.00. Upon completion of the transaction, the Chief Financial Officer now directly owns 124,348 shares in the company, valued at $7.42 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 01 ’25, Officer WILLEM MEINTJES bought 1,500 shares of the business’s stock. A total of $90,000 was incurred on buying the stock at an average price of $60.00. 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.
