Marvell Tech Group (NASDAQ:MRVL) shares traded -0.13% down during most recent session to reach at the closing price of $23.71. The stock exchanged hands 22.37 Million shares versus average trading capacity of 12.47 Million shares, yielding a market cap of $15.39 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $23.41 within the next 52-weeks. The mean target projections are based on 22 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Marvell Tech Group (NASDAQ:MRVL) high price target of $30 and with a conservative view have low price target of $19.
Macquarie “Upgrades” Marvell Tech Group (NASDAQ:MRVL) in a research note issued to investors on 2/19/19 to Outperform with price target of $24.
Additionally on 2/07/19 Craig-Hallum “Downgrades” Marvell Tech Group (NASDAQ:MRVL) to Hold setting price target at $0 and on 12/13/18 Citigroup “Upgrades” the stock to Buy at $0. Furthermore on 12/06/18 Citigroup “Maintained” the stock to Neutral at $17.3.
On the other hand the company has Relative Strength Index (RSI 14) of 79.35 along with Average True Range (ATR 14) of 0.63, Consequently Marvell Tech Group (NASDAQ:MRVL)’s weekly and monthly volatility is 3.03%, 2.76% respectively. The company’s beta value is at 1.01.
In terms of Buy, Sell or Hold recommendations, Marvell Tech Group (NASDAQ:MRVL) has analysts’ mean recommendation of 1.8. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Marvell Tech Group (NASDAQ:MRVL)’s minimum EPS for the current quarter is at $0.14 and can go high up to $0.18. The consensus mean EPS for the current quarter is at $0.14 derived from a total of 23 estimates from the analysts who have weighed in on projected earnings. However the company reported $0.32 earnings per share for the same quarter during last year.
Previously Marvell Tech Group (NASDAQ:MRVL) reported $0.25 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.25 by $0. The company posted an earnings surprise of 0%.
Marvell Tech Group (NASDAQ:MRVL)’s revenue estimates for the current quarter are $653.78 Million according to 21 number of analysts, for the current quarter the company has high revenue estimates of $720.2 Million in contradiction of low revenue estimates of $649.99 Million. For the current year the company’s revenue estimates are $2.88 Billion compared to low analyst estimates of $2.78 Billion and high estimates of $2.96 Billion according to 23 number of analysts.
Currently Marvell Tech Group (NASDAQ:MRVL)’s shares owned by insiders are 0.8%, whereas shares owned by institutional owners are 97.8%. However the six-month change in the insider ownership was recorded -7.39%, as well as three-month change in the institutional ownership was recorded -1.42%.
Marvell Tech Group (NASDAQ:MRVL)’s trailing twelve month revenues are $2.87 Billion, whereas its price to sales ratio for the same period is 5.37. Its book value per share for the most recent quarter is $11.11 while its price to book ratio for the same period is 2.13, as for as the company’s cash per share for the most recent quarter is $0.9, however its price to cash per share ratio for the same period is 26.42. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0.