Marvell Technology Group Ltd (MRVL) is a STRONGBUY according to our AI strategy. If you traded with the strategy between 2021-02-12 and 2023-05-25, you may have seen a potential return of 355.06%. On average, each trade made a return of 35.51% and took 58 days in the long position. The model used for this prediction has an overall accuracy of 0.65 when predicting an upward trend in the following two weeks. The analyst consensus price target for MRVL is currently 62.01.
Marvell Technology Group Ltd (MRVL) is a leading manufacturer of analog, mixed-signal, digital signal processing, and integrated and independent integrated circuits. Headquartered in Wilmington, Delaware, the company has recently reported its financial results for the quarter ending October 31, 2022.
Marvell Technology Group Ltd. designs, develops, and sells analog, mixed-signal, digital signal processing, and integrated and independent integrated circuits. It has a market capitalization of $40.2 billion and an EBITDA of $1.8 billion. The stock currently trades at a price of $47.8 which is close to its 52-week high of $76.2.
Marvell Technology Group Ltd. has had a solid history of performance. Over the past five years, the company’s revenue has grown by 10.2% per annum, while its earnings per share have grown by 4.2% per annum. Its Return on Equity (ROE) was -0.091 for the most recent quarter, while its Profit Margin was -0.0243. The company currently has a price-to-book ratio of 2.339 and a price-to-sales ratio of 5.84.
The company’s share price performance has been impressive over the past 12 months, with the stock up 39.8% since October 30, 2020. The stock has seen strong support from its 50-day moving average of $41.05 and its 200-day moving average of $46.58. Analysts have an average target price of $62.01 for the stock.
In conclusion, Marvell Technology Group Ltd. (MRVL) is a solid company with strong fundamentals and a promising outlook. The stock has seen strong momentum in recent months and is currently trading close to its 52-week high. With a strong history of performance and a bright future, Marvell Technology Group Ltd. is a great investment opportunity.
Symbol: MRVL
AssetType: Common Stock
Name: Marvell Technology Group Ltd
Description: Marvell Technology, Inc. designs, develops, and sells analog, mixed-signal, digital signal processing, and integrated and independent integrated circuits. The company is headquartered in Wilmington, Delaware.
CIK: 1835632
Exchange: NASDAQ
Currency: USD
Country: USA
Sector: MANUFACTURING
Industry: SEMICONDUCTORS & RELATED DEVICES
Address: 1000 N. WEST STREET, SUITE 1200, WILMINGTON, DE, US
FiscalYearEnd: January
LatestQuarter: 2022-10-31
MarketCapitalization: 40279572000
EBITDA: 1809505000
PERatio: None
PEGRatio: 1.115
BookValue: 18.24
DividendPerShare: 0.24
DividendYield: 0.0054
EPS: -0.601
RevenuePerShareTTM: 6.88
ProfitMargin: -0.0243
OperatingMarginTTM: 0.068
ReturnOnAssetsTTM: 0.0112
ReturnOnEquityTTM: -0.0091
RevenueTTM: 5844083000
GrossProfitTTM: 2257745000
DilutedEPSTTM: -0.601
QuarterlyEarningsGrowthYOY: -0.702
QuarterlyRevenueGrowthYOY: 0.269
AnalystTargetPrice: 62.01
TrailingPE: –
ForwardPE: 18.21
PriceToSalesRatioTTM: 5.84
PriceToBookRatio: 2.339
EVToRevenue: 6.91
EVToEBITDA: 24.07
Beta: 1.47
52WeekHigh: 76.2
52WeekLow: 33.75
50DayMovingAverage: 41.05
200DayMovingAverage: 46.58
SharesOutstanding: 853200000
DividendDate: 2023-01-25
ExDividendDate: 2023-01-05
| Date | Symbol | Prediction | Model Accuracy | Price Target | Analyst Target |
|---|---|---|---|---|---|
| 2023-10-30 | MRVL | STRONGBUY | 0.65 | 47.80 | 62.01 |
| 2023-10-20 | MRVL | MEDIUMBUY | 0.65 | 49.47 | 62.01 |
| 2023-10-19 | MRVL | WEAKBUY | 0.65 | 50.69 | 62.01 |
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