Marvell Technology Group Ltd. (NASDAQ:MRVL) recorded a trading volume of 17.78 million shares, above its 90-day volume average of 7.74 million shares. The stock kicked off the session at $24.56 and later approached $24.37 with a change of 0.12%.
Marvell Technology Group Ltd. (MRVL) Analyst Opinion
Marvell Technology Group Ltd. has a consensus outperform rating from 22 Wall Street analysts, and the number of shares currently sold short amount to at least 8.9% of shares outstanding. The stock spiked 17.5% last month and is up 13.51 this year. Wall Street is only getting more bullish on the stock, with 15 of analysts who cover MRVL having a buy-equivalent rating. Analysts have placed a $27.36 price target on Marvell Technology Group Ltd., suggesting a 12.27% gain from recent close. It’s currently trading about -3.22% below its 52-week high.
Marvell Technology Group Ltd. Earnings Surprise
Marvell Technology Group Ltd. (MRVL) surprised the stock market in its last reported earnings when it earned $0.32 a piece versus the consensus-estimated $0.31. Its revenue totaled $611.01 million down -0.86% from the previous quarter.
Marvell Technology Group Ltd. (NASDAQ:MRVL) Intraday View
This stock (MRVL) is ahead of its 52-week low with 67.15%. Its last month’s stock price volatility remained 3.41% which for the week stands at 2.92%. The share price has moved forward from its 20 days moving average, trading at a distance of 5.39% and stays 6.21% away from its 50 days moving average. Over the last five days, shares have managed 3.75% gains and now is up 25.45% since hitting its 200-day moving average of $20.79. Marvell Technology Group Ltd. (MRVL) has made its way to a 12-month gain of 48.69%.
Turning to Ascena Retail Group, Inc. (NASDAQ:ASNA), its shares were trading at $2.03 a gain of $0.02, on the trading floor. The stock, after opening at $2.02, touched a high of $2.09 before paring much of its gains. So far, analysts are sticking with their bearish recommendations with the consensus call at 3.3. Ascena Retail Group, Inc. has 0 buy ratings, 6 holds and 1 sells even after the stock tumbled -54.89% from its high of $4.50 to a $425.69 million market value through last close.
Ascena Retail Group, Inc. (ASNA) Consensus Price Target
The company’s consensus rating on Reuter’s scale remained unchanged from 3.29 to 3.29 during a month. Analysts set a 12-month price target of $2.25 a share. The target implies a 10.84% spike from where the shares are currently trading. Also, the current price highlights a discount of 47.78% to analysts’ high consensus price target.
Ascena Retail Group, Inc. (NASDAQ:ASNA) Intraday Trading
The counter witnessed a trading volume of 2.02 million shares versus an average volume of 2.19 million shares during last trading session. Its last month’s stock price volatility remained 8.24% which for the week approaches 6.75%. The lowest price the stock reached in the last trading day was $2 and compares with the $1.65 52-week low. The stock recovered 23.03% since its low point and has performed -13.62% year-to-date.