Short Term Outlook For Marvell Technology Group Ltd. (NASDAQ:MRVL)


Marvell Technology Group Ltd. (NASDAQ:MRVL) closed its last session at $22.26. The stock traded within a range of $22.00 and $22.43. The company operates in the Technology sector with a market capitalization of 10.65 Million. Trading volume for Marvell Technology Group Ltd. was 6.56 Million in its previous trading session. Currently, Marvell Technology Group Ltd. (NASDAQ:MRVL) has an average volume of 9.79 Million.

Company Profile

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.

Analyst Views

Marvell Technology Group Ltd. (NASDAQ:MRVL) received a Buy rating from 3 analysts. 0 analysts gave its stock an Outperform rating. 1 analysts say it’s a Hold while 1 analysts provided their expert opinion as Sell.

Marvell Technology Group Ltd. (NASDAQ:MRVL) touched its 1-Year High price of $24.22 on 11/22/17 and its 1-Year Low price of $14.58 on 04/12/17.

EPS & Financials

Marvell Technology Group Ltd. (NASDAQ:MRVL) reported its EPS in the last quarter as $0.34/Share beating the analyst estimate of $0.33/Share by a difference of $0.01. This showed a surprise of 3% in the last quarter earnings.

For the current quarter, 23 analysts are projecting a mean EPS of $0.31/share. According to their observations and findings, the stock could provide a high EPS of $0.32/share and a low EPS of $0.31/share.

Analysts believe that the company has the potential to earn average revenue of $610.99 Million for the current quarter. According to their predictions high & low revenue estimates are 620.3 Million and 610 Million respectively.

Technical Analysis

By taking a look at the stock’s current statistics it can gauged that the stock candle is BULLISH with HIGH volatility. Marvell Technology Group Ltd. (NASDAQ:MRVL) has a 20-Day average volume of 8.63 Million. According to today’s trading volume Marvell Technology Group Ltd. is BELOW its 20-Day Avg. volume with the stock showing BELOW Abnormal volume in the past 150 days.

Moving average convergence divergence (MACD) shows that the stock is on a PRICE RELATIVITY trend. The trend for the past 10-days shows that the company was in BEARISH territory while an analysis of the last 40-Day trend shows a BULLISH signal. The 100-Day trend also shows a BULLISH trend as well.

The company currently has an insider ownership of 13.48 Percent and Institutional ownership of 81.6 Percent. The return on assets stands at 0%, Return on Equity currently is 0% and the Return on Investment value is 0.7%.

Marvell Technology Group Ltd. (NASDAQ:MRVL) gross margin percentage stands at 59.7% while its operating margin for the past trailing twelve month is 0 percent and its overall profit margin (ttm) is 0 Percent. The stock is currently moving below its 20-Day Simple Moving Average of -1.81% with a 50-Day Simple Moving Average of -1.04 percent. As of today, the company has a SMA200 (200-day simple moving average) of 18.63 Percent. The Stock has YTD (year to date) performance of 3.68 percent.

The TTM operating margin for the company stands at 0%. The return on invested capital is at 0.7%, which is good, compared to its peers. The Free Cash Flow or FCF margin is 0.

The company’s stock is currently moving with a +ve distance from the 200 day SMA of approximately 18.63%, and has a solid year to date (YTD) performance of 3.68% which means that the stock is constantly adding to its value from the previous fiscal year end price.