Marvell Technology Group Stock Jumps By 28% In The Last 21 Sessions

(VIANEWS) – Shares of Marvell Technology Group (NASDAQ: MRVL) jumped by a staggering 28.05% in 21 sessions from $36.61 at 2023-01-04, to $46.88 at 15:43 EST on Friday, after three sequential sessions in a row of gains. NASDAQ is falling 1.73% to $11,990.22, after three successive sessions in a row of gains.

Marvell Technology Group’s last close was $48.76, 37.64% below its 52-week high of $78.19.

About Marvell Technology Group

Marvell Technology, Inc., together with its subsidiaries, designs, develops, and sells analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits. It offers a portfolio of Ethernet solutions, including controllers, network adapters, physical transceivers, and switches; single or multiple core processors; ASIC; and printer System-on-a-Chip products and application processors. The company also provides a range of storage products comprising storage controllers for hard disk drives (HDD) and solid-state drives that support various host system interfaces consisting of serial attached SCSI (SAS), serial advanced technology attachment (SATA), peripheral component interconnect express, non-volatile memory express (NVMe), and NVMe over fabrics; and fiber channel products, including host bus adapters, and controllers for server and storage system connectivity. It has operations in the United States, China, Malaysia, the Philippines, Thailand, Singapore, India, Israel, Japan, South Korea, Taiwan, and Vietnam. Marvell Technology, Inc. was incorporated in 1995 and is headquartered in Wilmington, Delaware.

Earnings Per Share

As for profitability, Marvell Technology Group has a trailing twelve months EPS of $-0.41.

The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is negative -1.44%.

Stock Price Classification

According to the stochastic oscillator, a useful indicator of overbought and oversold conditions,

Marvell Technology Group’s stock is considered to be oversold (<=20).

More news about Marvell Technology Group (MRVL).

Leave a Reply

Your email address will not be published. Required fields are marked *