At the time of writing, Marvell Technology Inc [MRVL] stock is trading at $92.94, up 3.43%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The MRVL shares have gain 2.47% over the last week, with a monthly amount glided 13.58%, 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 November 12, 2024, when Loop Capital initiated its Hold rating and assigned the stock a price target of $95. Previously, Jefferies started tracking the stock with Buy rating on May 13, 2024, and set its price target to $85. On April 16, 2024, Evercore ISI initiated with a Outperform rating and assigned a price target of $88 on the stock. Summit Insights upgraded its rating to a Buy. TD Cowen reiterated its recommendation of a Outperform and raised its price target to $90 on March 08, 2024. Cantor Fitzgerald started tracking with a Overweight rating for this stock on January 23, 2024, and assigned it a price target of $80. In a note dated November 14, 2023, ROTH MKM initiated an Buy rating and provided a target price of $60 on this stock.
For the past year, the stock price of Marvell Technology Inc fluctuated between $50.35 and $95.09. 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 $92.94 at the most recent close of the market. An investor can expect a potential drop of -6.36% based on the average MRVL price forecast.
Analyzing the MRVL fundamentals
According to Marvell Technology Inc [NASDAQ:MRVL], the company’s sales were 5.28B for trailing twelve months, which represents an -5.07% plunge. 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 of0.29.
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 90.84 points at the first support level, and at 88.75 for the second support level. However, for the 1st resistance point, the stock is sitting at 94.26, and for the 2nd resistance point, it is at 95.59.
Ratios To Look Out For
It is important to note that Marvell Technology Inc [NASDAQ:MRVL] has a current ratio of 1.79. Further, the Quick Ratio stands at 1.26, while the Cash Ratio is 0.52. Considering the valuation of this stock, the price to sales ratio is 15.25, the price to book ratio is 5.67.
Transactions by insiders
Recent insider trading involved Meintjes Willem A, Chief Financial Officer, that happened on Nov 15 ’24 when 1500.0 shares were sold. EVP, Chief Operations Officer, Koopmans Chris completed a deal on Nov 15 ’24 to sell 6000.0 shares. Meanwhile, Officer KOOPMANS FAMILY TRUST U/A DTD bought 6000.0 shares on Nov 15 ’24.
