Marvell Technology Inc [MRVL] stock prices are up 2.46% to $72.04 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The MRVL shares have gain 1.21% over the last week, with a monthly amount glided 2.88%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Marvell Technology Inc [NASDAQ: MRVL] stock has seen the most recent analyst activity on May 13, 2024, when Jefferies initiated its Buy rating and assigned the stock a price target of $85. Previously, Evercore ISI started tracking the stock with Outperform rating on April 16, 2024, and set its price target to $88. On March 08, 2024, upgrade upgraded it’s rating to Buy. TD Cowen reiterated its Outperform rating and increased its price target to $90 on March 08, 2024. Cantor Fitzgerald initiated its recommendation with a Overweight and recommended $80 as its price target on January 23, 2024. ROTH MKM started tracking with a Buy rating for this stock on November 14, 2023, and assigned it a price target of $60. In a note dated August 23, 2023, Susquehanna reiterated an Positive rating on this stock and boosted its target price from $60 to $70.
The stock price of Marvell Technology Inc [MRVL] has been fluctuating between $46.07 and $85.76 over the past year. Currently, Wall Street analysts expect the stock to reach $86.45 within the next 12 months. Marvell Technology Inc [NASDAQ: MRVL] shares were valued at $72.04 at the most recent close of the market. An investor can expect a potential return of 20.0% based on the average MRVL price forecast.
Analyzing the MRVL fundamentals
The Marvell Technology Inc [NASDAQ:MRVL] reported sales of 5.28B for trailing twelve months, representing a drop of -5.07%. Gross Profit Margin for this corporation currently stands at 0.44% with Operating Profit Margin at -0.08%, Pretax Profit Margin comes in at -0.12%, and Net Profit Margin reading is -0.18%. To continue investigating profitability, this company’s Return on Assets is posted at -0.05, Equity is -0.07 and Total Capital is -0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.3.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 70.38 points at the first support level, and at 68.72 for the second support level. However, for the 1st resistance point, the stock is sitting at 73.34, and for the 2nd resistance point, it is at 74.64.
Ratios To Look Out For
It’s worth pointing out that Marvell Technology Inc [NASDAQ:MRVL]’s Current Ratio is 1.79. Also, the Quick Ratio is 1.26, while the Cash Ratio stands at 0.48. Considering the valuation of this stock, the price to sales ratio is 11.82, the price to book ratio is 4.39.
Transactions by insiders
Recent insider trading involved Casper Mark, EVP & Chief Legal Officer, that happened on Oct 01 ’24 when 2500.0 shares were sold. Officer, MARK CASPER completed a deal on Oct 01 ’24 to buy 2500.0 shares. Meanwhile, Chairman of the Board and CEO MURPHY MATTHEW J sold 6000.0 shares on Sep 16 ’24.
