Why Mellanox Technologies, Ltd. (NASDAQ:MLNX) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $63.800 on Mellanox Technologies, Ltd. (NASDAQ:MLNX) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $3.560 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Mellanox Technologies, Ltd. (NASDAQ:MLNX) stands at 34.894.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Mellanox Technologies, Ltd., the PEG ratio for coming 3-5 years is 0.670.

Technical Analysis

The technical analysis highlights that Mellanox Technologies, Ltd. current is trading $-0.330 points away or -0.744% from its 50-day moving average of $44.366. Further it is trading $-3.419 or -7.205% away its 200-day moving average of $47.455.

The 52-week high of Mellanox Technologies, Ltd. (NASDAQ:MLNX) was $55.800 while lowest point recorded in 52-week was $33.410. It implies if stock price makes a movement of over $-11.764, it will record a new 52-week high. In the case of +31.805% drop, it will touch a new 52-week low.

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