Marvell's most recent trend suggests a bearish bias. One trading opportunity on Marvell is a Bear Call Spread using a strike $38.50 short call and a strike $43.50 long call offers a potential 23.46% return on risk over the next 20 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $38.50 by expiration. The full premium credit of $0.95 would be kept by the premium seller. The risk of $4.05 would be incurred if the stock rose above the $43.50 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Marvell is bearish and the probability of a decline in share price is higher if the stock starts trending.
The 20-day moving average is moving down which suggests that the medium-term momentum for Marvell is bearish.
The RSI indicator is at 47.64 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Marvell
Nasdaq Rebounds From Dip To Close Above 12,000; This Sector Goes On A Tear
Wed, 02 Sep 2020 20:29:46 +0000
The Nasdaq overcame a morning slump to close higher for the fourth straight gain, and the 12th day making new highs in the past 13 sessions.
Marvell Joins the Open RAN Policy Coalition
Tue, 01 Sep 2020 12:30:00 +0000
Marvell (NASDAQ: MRVL) today announced that it has joined the Open RAN Policy Coalition. The coalition, composed of leading policymakers, operators and equipment providers, promotes policies that advance the adoption of open and interoperable solutions in the RAN market. Marvell, a member of the O-RAN Alliance and contributor to the Open Networking Foundation CORD project, brings wireless technology expertise and radio access network (RAN) industry perspectives along with a commitment to open standards.
Buy This Top Growth Stock Riding the 5G and Data Center Wave
Mon, 31 Aug 2020 15:08:41 +0000
The chipmaker's largest business segment is benefiting from two catalysts that are here to stay for a long time.
Marvell (MRVL) Surges: Stock Moves 6.5% Higher
Mon, 31 Aug 2020 12:47:12 +0000
Marvell (MRVL) saw a big move last session, as its shares jumped more than 6% on the day, amid huge volumes.
P/E Ratio Insights for Marvell Technology Group
Fri, 28 Aug 2020 18:29:26 +0000
In the current session, Marvell Technology Group Inc. (NASDAQ: MRVL) is trading at $37.17, after a 3.5% increase. Over the past month, the stock increased by 1.92%, and in the past year, by 59.60%. With performance like this, long-term shareholders optimistic but others are more likely to look into the price-to-earnings ratio to see if the stock might be overvalued.Assuming that all other factors are held constant, this could present itself as an opportunity for shareholders trying to capitalize on the higher share price. The stock is currently under from its 52 week high by 5.66%.The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E indicates that shareholders do not expect the stock to perform better in the future, and that the company is probably undervalued. It shows that shareholders are less than willing to pay a high share price, because they do not expect the company to exhibit growth, in terms of future earnings.View more earnings on MRVLDepending on the particular phase of a business cycle, some industries will perform better than others.Compared to the aggregate P/E ratio of the 46.37 in the Semiconductors industry, Marvell Technology Group Inc. has a lower P/E ratio of 16.03. Shareholders might be inclined to think that they might perform worse than its industry peers. It's also possible that the stock is undervalued.P/E ratio is not always a great indicator of the company's performance. Depending on the earnings makeup of a company, investors may not be able to attain key insights from trailing earnings.See more from Benzinga * Benzinga's Top Upgrades, Downgrades For August 28, 2020 * Marvell Technology Group: Q2 Earnings Insights * Earnings Scheduled For August 27, 2020(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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