Stock To Watch: Marvell Technology Group Ltd. (NASDAQ:MRVL)


The leading market experts have placed a mean price target of $13.00 on Marvell Technology Group Ltd. (NASDAQ:MRVL) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.14 a share for the upcoming quarter and $0.40 for the current fiscal.

Technical View

The technical analysis of Marvell Technology Group Ltd. plainly substantiates that the 50-day moving average of Marvell Technology Group Ltd. is $10.84, and stock is trading $0.77 points away or +7.12% from its 50-day moving average of $10.84. Further it is trading $1.50 or +14.81% away its 200-day moving average of $10.11. Marvell Technology Group Ltd. (NASDAQ:MRVL) 52-week high is $12.08 and the 52-week low is $7.40.

This explains if the stock moves $-0.47, it will post a 52-week high. In event of +56.89% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Marvell Technology Group Ltd., shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Marvell Technology Group Ltd. (NASDAQ:MRVL) ratio came in at N/A.

The stock last ended the trading session at $11.61 and registered a market cap of $5.94B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Marvell Technology Group Ltd. (NASDAQ:MRVL) PEG ratio is at 1.69.

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