(VIANEWS) – Shares of Marvell Technology Group (NASDAQ: MRVL) rose 8.19% to $53.53 at 16:13 EST on Wednesday, after three consecutive sessions in a row of losses. NASDAQ is rising 3.9% to $12,013.72, after three consecutive sessions in a row of losses. This seems, up to now, a very positive trend exchanging session today.

Marvell Technology Group’s last close was $49.48, 47.28% under its 52-week high of $93.85.

Volume

Today’s last reported volume for Marvell Technology Group is 7013776 which is 32.07% below its average volume of 10326467.

The company’s growth estimates for the ongoing 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.

Volatility

Marvell Technology Group’s last week, last month’s, and last quarter’s current intraday variation average was a negative 2.08%, a positive 0.20%, and a positive 3.78%, respectively.

Marvell Technology Group’s highest amplitude of average volatility was 2.91% (last week), 2.74% (last month), and 3.78% (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 overbought (>=80).

Marvell Technology Group’s Stock Yearly Top and Bottom Value

Marvell Technology Group’s stock is valued at $53.53 at 16:13 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 higher than its 50-day moving average of $51.36 and way under its 200-day moving average of $66.50.

More news about Marvell Technology Group (MRVL).

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