Melius has recently initiated Marvell Technology Inc (MRVL) stock to Buy rating, as announced on January 27, 2025, according to Finviz. Earlier, on December 4, 2024, Wells Fargo had reiterated the stock to Overweight, setting a price target of $130 for MRVL stock. UBS also reiterated Buy rating with a price target of $115. Additionally, The Benchmark Company reiterated Buy rating on December 4, 2024, with a target price of $135. TD Cowen analysts, in their report published on December 4, 2024, also reiterated Buy rating and set a price target of $125 for Marvell Technology Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
Marvell Technology Inc (MRVL) Stock Trading Recap
On Thursday, Marvell Technology Inc (MRVL) stock saw a decline, ending the day at $103.5 which represents a decrease of $-1.92 or -1.82% from the prior close of $105.42. The stock opened at $105.35 and touched a low of $103.17 during the day, reaching a high of $106.77. The volume of shares traded was 12.64 million falling short of the average volume of 14.26 million.
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MRVL Stock Performance and Moving Averages
In recent trading, Marvell Technology Inc (MRVL) stock price has shown some volatility, fluctuating -13.20% over the last five trades and -10.16% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 61.59%, and it has gained 12.20% in the previous three months. Currently, MRVL is trading at -9.05%, -8.55%, and 23.82% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, MRVL, a Technology sector stock, is trading -18.81% below its 52-week high but remains 94.59% above its 52-week low. The Average True Range (ATR) (14 days) of 5.67 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Marvell Technology Inc’s Profitability and Valuation Ratios
Marvell Technology Inc’s profitability metrics reveal financial health. The company currently boasts an operating margin of -11.10% and a profit margin of -27.49%, with a gross margin of 61.59%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Marvell Technology Inc’s market capitalization stands at $89.56 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The forward P/E ratio, which uses projected earnings for the next financial year, is 37.08. Additionally, the Price-to-Sales Ratio is 16.66, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 6.7, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 1.24% of Marvell Technology Inc (MRVL)’s shares, while financial institutions hold 85.97%.
Notable insider trades include Koopmans Chris, EVP, Chief Operations Officer at Marvell Technology Inc (MRVL), who sold 6000 shares on Jan 22 ’25, at $124.4 each, totaling $0.75 million. On Jan 17 ’25, Casper Mark, EVP & Chief Legal Officer, sold 7755 shares for $123.08 each, amounting to $0.95 million. Additionally, on Jan 15 ’25, Meintjes Willem A sold 1500 shares at $118.33 each, generating $0.18 million.
