Marvell Tech Group (NASDAQ:MRVL) shares traded 3.04% up during most recent session to reach at the closing price of $22.4. The stock exchanged hands 15.33 Million shares versus average trading capacity of 12.62 Million shares, yielding a market cap of $15.08 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $26.68 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.

“Initiates Coverage On” Marvell Tech Group (NASDAQ:MRVL) in a research note issued to investors on 5/15/19 to Market Perform with price target of $24.

Additionally on 4/24/19 “Maintained” Marvell Tech Group (NASDAQ:MRVL) to Buy setting price target at $29 and on 4/17/19 “Reiterates” the stock to Buy at $28. Furthermore on 4/17/19 “Maintained” the stock to Buy at $28.

On the other hand the company has Relative Strength Index (RSI 14) of 43.72 along with Average True Range (ATR 14) of 0.82, Consequently Marvell Tech Group (NASDAQ:MRVL)’s weekly and monthly volatility is 3.73%, 2.88% respectively. The company’s beta value is at 1.15.

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 97.82%. However the six-month change in the insider ownership was recorded -7.31%, as well as three-month change in the institutional ownership was recorded 7.55%.

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 5.26. Its book value per share for the most recent quarter is $11.11 while its price to book ratio for the same period is 2.02, as for as the company’s cash per share for the most recent quarter is $0.87, however its price to cash per share ratio for the same period is 25.89. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0.