(VIANEWS) – Shares of Marvell Technology Group (NASDAQ: MRVL) rose by a staggering 21.44% in 14 days from $43.74 to $53.12 at 14:32 EST on Wednesday, after five successive sessions in a row of gains. NASDAQ is rising 1.08% to $11,839.34, following the last session’s upward trend.
Marvell Technology Group’s last close was $52.08, 44.51% below its 52-week high of $93.85.
Today’s last reported volume for Marvell Technology Group is 6552452 which is 36.69% below its average volume of 10350916.
The company’s growth estimates for the present quarter and the next is 75.9% and 61.8%, respectively.
Marvell Technology Group’s Revenue
Year-on-year quarterly revenue growth grew by 68.3%, now sitting on 4.46B for the twelve trailing months.
Marvell Technology Group’s last week, last month’s, and last quarter’s current intraday variation average was 3.10%, 0.63%, and 3.81%, respectively.
Marvell Technology Group’s highest amplitude of average volatility was 3.10% (last week), 2.47% (last month), and 3.81% (last quarter), respectively.
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).
Marvell Technology Group’s Stock Yearly Top and Bottom Value
Marvell Technology Group’s stock is valued at $53.12 at 14:32 EST, way below its 52-week high of $93.85 and way above its 52-week low of $41.07.
Marvell Technology Group’s Moving Average
Marvell Technology Group’s worth is above its 50-day moving average of $51.90 and way below its 200-day moving average of $66.69.
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