Marvell Technology Group Ltd. (NASDAQ:MRVL) currently has a “Buy” signals on Composite indicators by TrendSpotter. While the Short-Term Technical Indicators for the stock on 7-Day Average Directional Indicator shows “Buy” signal. 10 – 8 Day Moving Average Hilo Channel shows “Hold” signal. While 20-Day Moving Average VS Current Price shows “Buy” Signal.
Marvell Technology Group Ltd. (NASDAQ:MRVL) gained 1.8 Percent and closed its previous trading session at $22. The stock traded with the average Volume of 8.49 Million at the end of last session.
The company reported its last earnings Actual EPS of $0.32/share. While, the analyst predicted that the company could provide an EPS of $0.31/share. Hence the difference between Predicted EPS and Actual EPS reported is $0.01/share which shows an Earnings Surprise of 3.2 Percent.
Sell side analysts plays vital role in buying and selling a stock where 7 analysts rated Marvell Technology Group Ltd. (NASDAQ:MRVL) as Buy, 0 analysts given Outperform signal, 2 reported Hold, and 0 analysts rated the stock as Sell.
The stock’s current distance from 20-Day Simple Moving Average (SMA20) is 0.62% where SMA50 and SMA200 are 2.85% and 4.38% respectively.
The company shows its Return on Assets (ROA) value of 11.5%. The Return on Equity (ROE) value stands at 13.2%. While it’s Return on Investment (ROI) value is 10.1%.
Marvell Technology Group Ltd. (NASDAQ:MRVL) currently has a Weekly Volatility of 2.68% percent while its Monthly Volatility is at 2.66% percent. While talking about Performance of the Stock, Marvell Technology Group Ltd. currently has a Weekly performance of -0.5%, monthly performance percentage is 0.32 percent, Quarterly performance is -5.98 percent, 6 months performance shows a percent value of -0.23% and Yearly Performance is 24.01 percent.
Marvell Technology is a leading designer, developer and supplier of mixed-signal and digital signal processing integrated circuit for high-speed, high-density, digital data storage and broadband digital data networking markets. The company’s goal is to continue to support its customers in providing faster, better solutions to meet their customers’ needs for increased bandwidth as communication solutions evolve. The company meets this goal with state-of-the-art chip solutions that enable data transfer in data storage devices and networking applications.