Marvell Technology Inc [MRVL] stock prices are down -0.98% to $95.91 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The MRVL shares have gain 3.98% over the last week, with a monthly amount glided 13.14%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
From an analyst’s perspective:
Marvell Technology Inc [NASDAQ: MRVL] stock has seen the most recent analyst activity on November 26, 2024, when Oppenheimer reiterated its Outperform rating and also boosted its price target to $110 from $90. Previously, Loop Capital started tracking the stock with Hold rating on November 12, 2024, and set its price target to $95. On May 13, 2024, Jefferies initiated with a Buy rating and assigned a price target of $85 on the stock. Evercore ISI started tracking the stock assigning a Outperform rating and suggested a price target of $88 on April 16, 2024. Summit Insights upgraded its rating to a Buy. TD Cowen reiterated a Outperform rating for this stock on March 08, 2024, and upped its price target to $90. In a note dated January 23, 2024, Cantor Fitzgerald initiated an Overweight rating and provided a target price of $80 on this stock.
The stock price of Marvell Technology Inc [MRVL] has been fluctuating between $50.35 and $97.63 over the past year. Currently, Wall Street analysts expect the stock to reach $87.86 within the next 12 months. Marvell Technology Inc [NASDAQ: MRVL] shares were valued at $95.91 at the most recent close of the market. An investor can expect a potential drop of -8.39% 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 0.4% with Operating Profit Margin at -0.18%, Pretax Profit Margin comes in at -0.22%, and Net Profit Margin reading is -0.27%. To continue investigating profitability, this company’s Return on Assets is posted at -0.07, Equity is -0.1 and Total Capital is -0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.31.
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 94.10 points at the first support level, and at 92.29 for the second support level. However, for the 1st resistance point, the stock is sitting at 98.22, and for the 2nd resistance point, it is at 100.53.
Ratios To Look Out For
It’s worth pointing out that Marvell Technology Inc [NASDAQ:MRVL]’s Current Ratio is 1.79. As well, the Quick Ratio is 1.26, while the Cash Ratio is 0.49. Considering the valuation of this stock, the price to sales ratio is 15.74, the price to book ratio is 5.85.
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.
