At the time of writing, Marvell Technology Inc [MRVL] stock is trading at $118.23, up 1.72%. 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 7.04% over the last week, with a monthly amount glided 4.16%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Marvell Technology Inc [NASDAQ: MRVL] stock has seen the most recent analyst activity on December 04, 2024, when Wells Fargo reiterated its Overweight rating and also boosted its price target to $130 from $110. Previously, UBS reaffirmed its Buy rating on December 04, 2024, and elevated its price target to $115. On December 04, 2024, The Benchmark Company reiterated its Buy rating and revised its price target to $135 on the stock. TD Cowen reiterated its Buy rating and increased its price target to $125 on December 04, 2024. Susquehanna reiterated its recommendation of a Positive and raised its price target to $125 on December 04, 2024. Stifel reiterated a Buy rating for this stock on December 04, 2024, and upped its price target to $125. In a note dated December 04, 2024, Piper Sandler reiterated an Overweight rating on this stock and boosted its target price from $100 to $120.
For the past year, the stock price of Marvell Technology Inc fluctuated between $53.19 and $126.15. Currently, Wall Street analysts expect the stock to reach $105.25 within the next 12 months. Marvell Technology Inc [NASDAQ: MRVL] shares were valued at $118.23 at the most recent close of the market. An investor can expect a potential drop of -10.98% based on the average MRVL price forecast.
Analyzing the MRVL fundamentals
According to Marvell Technology Inc [NASDAQ:MRVL], the company’s sales were 5.38B for trailing twelve months, which represents an 6.87% jump. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.31.
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 115.90 points at the first support level, and at 113.56 for the second support level. However, for the 1st resistance point, the stock is sitting at 119.49, and for the 2nd resistance point, it is at 120.74.
Ratios To Look Out For
It is important to note that Marvell Technology Inc [NASDAQ:MRVL] has a current ratio of 1.60. As well, the Quick Ratio is 1.11, while the Cash Ratio is 0.49. Considering the valuation of this stock, the price to sales ratio is 19.03, the price to book ratio is 7.65.
Transactions by insiders
Recent insider trading involved STRACHAN MICHAEL G, Director, that happened on Jan 06 ’25 when 5000.0 shares were sold. EVP, Chief Legal Officer, Casper Mark completed a deal on Jan 02 ’25 to sell 2500.0 shares. Meanwhile, Director STRACHAN MICHAEL G bought 5000.0 shares on Jan 06 ’25.
