Marvell Technology Group Ltd. (MRVL) is priced at $49.65 after the most recent trading session. At the very opening of the session, the stock price was $49.30 and reached a high price of $50.07, prior to closing the session it reached the value of $49.60. The stock touched a low price of $48.7126.
Recently in News on April 12, 2021, Marvell Technology Group Ltd. Announces Closing of $2 Billion Senior Notes Offering. Marvell Technology Group Ltd. (NASDAQ: MRVL) (“Marvell”) announced today that its wholly owned subsidiary, Marvell Technology, Inc. (“MTI”), has closed its previously announced offering of: (i) $500,000,000 aggregate principal amount of 1.650% Senior Notes due 2026 (the “2026 Notes”), (ii) $750,000,000 aggregate principal amount of 2.450% Senior Notes due 2028 (the “2028 Notes”) and (iii) $750,000,000 aggregate principal amount of 2.950% Senior Notes due 2031 (the “2031 Notes” and, together with the 2026 Notes and the 2028 Notes, the “Notes,” and such offering, the “Notes Offering”). The Notes were sold pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), to purchasers in the United States and pursuant to Regulation S under the Securities Act to purchasers outside of the United States. You can read further details here
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 $55.70 on 01/20/21, with the lowest value was $37.92 for the same time period, recorded on 03/05/21.
Marvell Technology Group Ltd. (MRVL) full year performance was 104.49%
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 -10.86% during the 52-week period from high price, and 106.44% 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 $24.05 and $55.70.
The company’s shares, operating in the sector of Technology managed to top a trading volume set approximately around 12183647 for the day, which was evidently higher, 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 4.44%, having the revenues showcasing 1.16% 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 34.08B, as it employees total of 5340 workers.
Analysts verdict 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 47.87, with a change in the price was noted +6.39. In a similar fashion, Marvell Technology Group Ltd. posted a movement of +14.77% for the period of last 100 days, recording 10,058,868 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 0.14 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.12.
Marvell Technology Group Ltd. (MRVL): Technical Analysis
Raw Stochastic average of Marvell Technology Group Ltd. in the period of last 50 days is set at 70.49%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 76.53%. In the last 20 days, the company’s Stochastic %K was 79.42% and its Stochastic %D was recorded 84.64%.
Let’s take a glance in the erstwhile performances of Marvell Technology Group Ltd., 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 4.44%. Additionally, trading for the stock in the period of the last six months notably improved by 16.14%, alongside a boost of 104.49% for the period of the last 12 months. The shares increased approximately by -2.78% in the 7-day charts and went down by 7.24% in the period of the last 30 days. Common stock shares were driven by 1.16% during last recorded quarter.