Buzzing Stock: Marvell Technology Group Ltd. (NASDAQ:MRVL)


As per the research groups listed in Thomson Reuters survey, Marvell Technology Group Ltd. (NASDAQ:MRVL), the stock can touch mean price target of $10.85 in coming period. This price target highlights the recommendations of leading experts in the market. Thomson Reuters studies the brokerages research reports to reach this price target. The latest poll indicate that the company may record earnings of $0.08 per share in looming quarter and $0.40 during current fiscal. Technical Forecast While evaluating Marvell Technology Group Ltd. on the technical side, it is seen that the firm’s shares price is at $0.12, which is +1.20% off 50-day MA of $9.90. The stock is $0.55, which is +5.82% off $9.47, which is 200-day MA of Marvell Technology Group Ltd.. MA here stands for moving average. Marvell Technology Group Ltd. (NASDAQ:MRVL) stock made a high of $14.73 in last 12-months while the lowest level in same period was $7.40. It entails if stock price makes a movement of over $-4.71, it will make a new 52-week high. In the case of $+35.41% points decline, it will touch a new 52-week low. Valuation Level The valuation of Marvell Technology Group Ltd. is done by analysts by using price-to-earnings ratio. This ratio considers the latest price and profits for valuating a stock. The ratio is calculated by dividing stock price by annual EPS. For now, Marvell Technology Group Ltd. (NASDAQ:MRVL) P/E ratio is N/A. The stakeholders can further gauge a firm’s performance by calculating Price-to-Earnings-Growth ratio, and for Marvell Technology Group Ltd. it stands at 1.67.

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