Marvell Technology Group Ltd.s in-depth data and chart pattern analysis indicates that the stock price has rallied 14.19% in the past 12 Weeks , but analyzing the 6 month charts for the stock , the price continues to stay positive and keep the rally at 30.06% . Looking at the past 52 week period, the stock price is up at 67.82% . Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market. The relative price strength of Marvell Technology Group Ltd. has a positive value of 34.53 compared to overall market.
Marvell Technology Group Ltd. stock has recorded a 20-day Moving Average of 2.66% and the 50-Day Moving Average is 8.08%.The 200 Day SMA reached 27.88%Marvell Technology Group Ltd. is having a Relative Strength Index of 64.23 which indicates the stock is not yet over sold or over bought based on the technical indicators. Marvell Technology Group Ltd. (NASDAQ:MRVL) has climbed 1.27% in the past week and advanced 6.1% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 0.57% and the outperformance has advanced to 2.84% for the last 4 weeks period.
Marvell Technology Group Ltd. (NASDAQ:MRVL) witnessed a volatile trading activity on Friday and eventually ended flat at 0% or 0 points without letting the bulls or bears take much advantage. The trading began at $15.8 and reached the intraday high at $16.04. The bulls started the profit booking and pushed the shares to intraday low of $15.55. The trading session was marked by a volume range of 3,785,719 shares exchanging hands. The 52-week high of the shares is $16.3 and the 52-week low is $9.05. The market cap of the company stands at $8,131 million and there are 507,900,000 shares in public circulation.
Currently the company Insiders own 20.6% of Marvell Technology Group Ltd. shares according to the proxy statements. Institutional Investors own 71.57% of Marvell Technology Group Ltd. shares. Company has reported several Insider transactions to the SEC, on Jun 25, 2015, Zining Wu (Chief Technology Officer) sold 51,312 shares at 14.51 per share price.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Reiterated by Cowen on Feb 6, 2017 to Outperform, Raises Price Target to $ 20 from a previous price target of $18 .Company shares were Upgraded by UBS on Feb 1, 2017 to Buy, Raises Price Target to $ 20 from a previous price target of $12 .Marvell Technology Group Ltd. was Initiated by Loop Capital to Buy on Dec 6, 2016. Marvell Technology Group Ltd. was Downgraded by Goldman to Sell on Dec 5, 2016. Company shares were Reiterated by UBS on Dec 1, 2016 to Sell, Raises Price Target to $ 12 from a previous price target of $9 .
Marvell Technology Group Ltd. Last issued its quarterly earnings results on Nov 17, 2016. The company reported $0.20 EPS for the quarter, beating the analyst consensus estimate by $ 0.08. Analyst had a consensus of $0.12. The company had revenue of $654.00 million for the quarter, compared to analysts expectations of $615.76 million. The companys revenue was down -3.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.05 EPS.
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 companys 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.