Marvell Technology Inc [MRVL] stock is trading at $79.85, down -0.08%. An important factor to consider is whether the stock is rising or falling in short-term value. The MRVL shares have gain 7.89% over the last week, with a monthly amount glided 6.64%, 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.
Marvell Technology Inc [MRVL] stock has fluctuated between $46.07 and $85.76 over the past year. Currently, Wall Street analysts expect the stock to reach $87.03 within the next 12 months. Marvell Technology Inc [NASDAQ: MRVL] shares were valued at $79.85 at the most recent close of the market. An investor can expect a potential return of 8.99% based on the average MRVL price forecast.
Analyzing the MRVL fundamentals
Marvell Technology Inc [NASDAQ:MRVL] reported sales of 5.28B for the trailing twelve months, which represents 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.3.
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 79.22 points at the first support level, and at 78.60 for the second support level. However, for the 1st resistance point, the stock is sitting at 80.77, and for the 2nd resistance point, it is at 81.70.
Ratios To Look Out For
For context, Marvell Technology Inc’s Current Ratio is 1.79. On the other hand, the Quick Ratio is 1.26, and the Cash Ratio is 0.48. Considering the valuation of this stock, the price to sales ratio is 13.10, the price to book ratio is 4.87.
Transactions by insiders
Recent insider trading involved Hussain Muhammad Raghib, President, Products & Tech, that happened on Oct 15 ’24 when 0.15 million shares were sold. Chief Financial Officer, Meintjes Willem A completed a deal on Oct 15 ’24 to sell 1500.0 shares. Meanwhile, Officer WILLEM MEINTJES bought 1500.0 shares on Oct 15 ’24.
