Marvell Technology Group Ltd. (NASDAQ:MRVL) has a 1 Year Target Estimate of $13.75. The stock traded with the volume of 5.54 Million in the last trading session. Marvell Technology Group Ltd. opened at $14.35 and closed by showing a decrease of -0.28%. The Bid price in the last session was $14.13 x 500 and the Ask price was $14.30 x 500. (The ask price is what sellers are willing to take for it. If you are selling a stock, you are going to get the bid price, if you are buying a stock you are going to get the ask price. The difference (or spread) goes to the broker/specialist that handles the transaction).
Marvell Technology Group Ltd. has the Market Capitalization of 7.34 Billion. The Stock has its 52-week High of $15 and 52-Week Low of $7.4 and it touched its 52-week high on Nov 21, 2016 and 52-Week Low on Jan 20, 2016.
Marvell Technology Group Ltd. reported its last Earnings on Nov 17 AMC where the company reported Actual EPS of $0.2/Share whereas, the Analyst Estimated EPS was $0.12/share. The difference between Actual EPS and Estimated EPS was $0.08/share. This represented an Earnings Surprise of 66.7%.
20 number of analysts also provided their insight on Marvell Technology Group Ltd., where the Average Price Target for the stock is $13.75. They also projected Low Price Target as $9 while High Price Target is set at $17.5.
A number of analysts rated the stock as well: 2 analysts believe that the stock is a STRONG BUY while 5 reported it as Buy.14 analysts assigned a HOLD rating, 2 said it’s UNDERPERFORM and 1 say that this stock is a SELL.
Marvell Technology Group Ltd. annual Divided is 0.24 while it’s Dividend Yield is 1.67%. The stock has its Price to Earnings (P/E) ratio of 0 and Forward Price to Earnings ratio of 16.26. The company has its Price to Sales (P/S) ratio of 2.99 where Price to Book (P/B) ratio of 1.75, Price to Cash Per share (P/C) of 0 and Price to Free Cash Flow (P/FCF) has a value of 0.
The company has its Return on Assets (ROA) of 0 Percent. Return on Equity (ROE) stands at 0% and Return on Investment (ROI) displays a value of -19.9%.
The stock is currently trading at Distance from 20-Day simple moving Average of 5.93% whereas, Distance from 50-Day Simple moving average is 8.36 Percent and Distance from 200-Day Simple Moving Average of 28.58 percent.
A look at performance overview of Marvell Technology Group Ltd. depicts that Performance (Week) is -3.17 percent while Performance Month is 10.05%. Quarterly performance shows a value of 16.18% and Half Year Performance value stands at 40.96%. Yearly performance of the stock has the value of 56.54 percent. Marvell Technology Group Ltd. has its YTD performance of 65.26 Percent. (YTD performance is the most important factor to consider; if YTD is negative, the stock is declining; if the YTD Performance value is Positive the stock is surging).
Many Insiders have done trades inside the company. The latest trade was made on 13 Sep 2016 where Director Feld (Peter A) did a transaction type “Buy” in which 1287308 shares were traded at a price of $5. Another insider trade includes Director Feld (Peter A) who also initiated a transaction in which 727225 shares were traded on 12 Sep 2016 as “Buy”. On 12 Sep 2016 Director Feld (Peter A) traded 1308889 shares as “Buy” at $5. Director Strachan (Michael G) Buy 7830 shares on 6 Sep 2016 at the price of $12.7.
The latest Upgrades/Downgrades was done by Research firm Susquehanna on 18-Nov-16 who Upgrade the stock from Neutral to Positive. Other firms have also Upgraded/Downgraded the stock. On 12-Oct-16, Credit Suisse took an action “Upgrade” from Neutral to Outperform. On 20-Sep-16, the stock was Initiated to Neutral by Susquehanna.