Marvell Technology Inc [MRVL] stock is trading at $125.21, up 1.16%. 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 8.69% over the last week, with a monthly amount glided 18.93%, 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.
Marvell Technology Inc [MRVL] stock has fluctuated between $53.19 and $126.15 over the past year. 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 $125.21 at the most recent close of the market. An investor can expect a potential drop of -15.94% based on the average MRVL price forecast.
Analyzing the MRVL fundamentals
Marvell Technology Inc [NASDAQ:MRVL] reported sales of 5.38B for the trailing twelve months, which represents a growth of 6.87%. 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 124.15 points at the first support level, and at 123.09 for the second support level. However, for the 1st resistance point, the stock is sitting at 126.36, and for the 2nd resistance point, it is at 127.51.
Ratios To Look Out For
For context, Marvell Technology Inc’s Current Ratio is 1.60. Further, the Quick Ratio stands at 1.11, while the Cash Ratio is 0.49. Considering the valuation of this stock, the price to sales ratio is 20.15, the price to book ratio is 8.10.
Transactions by insiders
Recent insider trading involved KOOPMANS FAMILY TRUST U/A DTD, Officer, that happened on Jan 22 ’25 when 6000.0 shares were purchased. EVP & Chief Legal Officer, Casper Mark completed a deal on Jan 17 ’25 to sell 7755.0 shares. Meanwhile, Chief Financial Officer Meintjes Willem A sold 1500.0 shares on Jan 15 ’25.
