Marvell Technology Group Ltd. (NASDAQ:MRVL) is gaining traction with investors, as evidenced by its 3.96 million shares volume. The daily trading volume average remained 7.3 million shares over the course of 3 months. The stock had opened the regular trading at $15.42 and managed a -2.9% price change to reach $15.05 through the close.Marvell Technology Group Ltd. (MRVL) Analyst Opinion
Marvell Technology Group Ltd. has a consensus outperform rating from 25 Wall Street analysts, and the number of shares currently sold short amount to at least 1.58% of shares outstanding. The stock sank -8.06% last month and is up 8.51 this year. Wall Street is only getting more bullish on the stock, with 13 of analysts who cover MRVL having a buy-equivalent rating. Analysts have placed a $19.56 price target on Marvell Technology Group Ltd., suggesting a 29.97% gain from recent close. It’s currently trading about -17.22% 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 $0.24 a piece versus the consensus-estimated $0.21. Its revenue totaled $570.67 million down -0.13% from the previous quarter.Marvell Technology Group Ltd. (NASDAQ:MRVL) Intraday View
This stock (MRVL) is ahead of its 52-week low with 33.19%. Its last month’s stock price volatility remained 1.74% which for the week stands at 2.17%. The share price has moved backward from its 20 days moving average, trading at a distance of -5.73% and stays -9.71% away from its 50 days moving average. Over the last five days, shares have faced -2.9% losses and now is down -1.9% since hitting its 200-day moving average of $15.97. Marvell Technology Group Ltd. (MRVL) has made its way to a 12-month gain of 31.21%.
Turning to ING Groep N.V. (NYSE:ING), its shares were trading at $17.94 a retreat of $-0.67, on the trading floor. The stock, after opening at $18.09, touched a high of $18.12 before paring much of its gains. So far, analysts are sticking with their bullish recommendations with the consensus call at 1. ING Groep N.V. has 1 buy ratings, 0 holds and 0 sells even after the stock tumbled -5.28% from its high of $18.94 to a $69.63 billion market value through last close.ING Groep N.V. (ING) Consensus Price Target
The company’s consensus rating on Reuter’s scale remained unchanged from 1 to 1 during a month. Analysts set a 12-month price target of $20.68 a share. The target implies a 15.27% spike from where the shares are currently trading. Also, the current price highlights a discount of 20.29% to analysts’ high consensus price target.ING Groep N.V. (NYSE:ING) Intraday Trading
The counter witnessed a trading volume of 5.4 million shares versus an average volume of 4.28 million shares during last trading session. Its last month’s stock price volatility remained 0.89% which for the week approaches 0.95%. The lowest price the stock reached in the last trading day was $17.89 and compares with the $11.7 52-week low. The stock recovered 53.33% since its low point and has performed 27.23% year-to-date.