For the readers interested in the stock health of Marvell Technology Group Ltd. (MRVL). It is currently valued at $43.08. When the transactions were called off in the previous session, Stock hit the highs of $43.35, after setting-off with the price of $42.30. Company’s stock value dipped to $42.18 during the trading on the day. When the trading was stopped its value was $42.91.
Recently in News on December 8, 2020, Marvell Introduces Carrier-Optimized Ethernet Access and Edge Switches. Newest Additions to the Prestera Switch Family Deliver Innovative Telemetry, Intelligence and Security to Enable High-Performance 5G and 400GE Metro Optical Transport Services. You can read further details here
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Marvell Technology Group Ltd. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $47.21 on 12/01/20, with the lowest value was $16.45 for the same time period, recorded on 03/18/20.
Marvell Technology Group Ltd. (MRVL) full year performance was 73.16%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Marvell Technology Group Ltd. shares are logging -8.74% during the 52-week period from high price, and 161.91% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $16.45 and $47.21.
The company’s shares, operating in the sector of Technology managed to top a trading volume set approximately around 1368456 for the day, which was evidently lower, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Marvell Technology Group Ltd. (MRVL) recorded performance in the market was 61.56%, having the revenues showcasing 10.71% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 30.18B, as it employees total of 5633 workers.
Specialists analysis on Marvell Technology Group Ltd. (MRVL)
During the last month, 0 analysts gave the Marvell Technology Group Ltd. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 39.70, with a change in the price was noted +7.08. In a similar fashion, Marvell Technology Group Ltd. posted a movement of +19.66% for the period of last 100 days, recording 8,410,055 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for MRVL is recording 0.17 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.12.
Trends and Technical analysis: Marvell Technology Group Ltd. (MRVL)
Raw Stochastic average of Marvell Technology Group Ltd. in the period of last 50 days is set at 65.41%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 18.09%. In the last 20 days, the company’s Stochastic %K was 23.32% and its Stochastic %D was recorded 35.17%.
Now, considering the stocks previous presentation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 61.56%. Additionally, trading for the stock in the period of the last six months notably improved by 27.22%, alongside a boost of 73.16% for the period of the last 12 months. The shares increased approximately by -5.73% in the 7-day charts and went down by 6.42% in the period of the last 30 days. Common stock shares were driven by 10.71% during last recorded quarter.