The recently concluded session had traders exchanging Marvell Technology Group Ltd. (NASDAQ:MRVL) high level. Roughly 9.91 million shares changed hands compared to the three-month volume average 9.66 million shares. The first trade took place at $21.05 and the stock went up 2.7% to attain the closing price of $21.3.Marvell Technology Group Ltd. (MRVL) Analyst Opinion
Marvell Technology Group Ltd. has a consensus outperform rating from 21 Wall Street analysts, and the number of shares currently sold short amount to at least 7.88% of shares outstanding. The stock sank -7.95% last month and is down -0.79 this year. Wall Street is only getting more bullish on the stock, with 14 of analysts who cover MRVL having a buy-equivalent rating. Analysts have placed a $27.26 price target on Marvell Technology Group Ltd., suggesting a 27.98% gain from recent close. It’s currently trading about -12.06% below its 52-week high.
Marvell Technology Group Ltd. (MRVL) surprised the stock market in its last reported earnings when it earned $0.34 a piece versus the consensus-estimated $0.33. Its revenue totaled $613.57 million up 1.46% from the previous quarter.Marvell Technology Group Ltd. (NASDAQ:MRVL) Intraday View
This stock (MRVL) is ahead of its 52-week low with 46.09%. Its last month’s stock price volatility remained 5.18% which for the week stands at 2.93%. The share price has moved backward from its 20 days moving average, trading at a distance of -7.07% and stays -5.5% away from its 50 days moving average. Over the last five days, shares have faced -5.04% losses and now is up 14.14% since hitting its 200-day moving average of $19.67. Marvell Technology Group Ltd. (MRVL) has made its way to a 12-month gain of 36.02%.
Turning to ING Groep N.V. (NYSE:ING), its shares were trading at $18.22 a retreat of $0, on the trading floor. The stock, after opening at $18.05, touched a high of $18.3 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 -11.47% from its high of $20.58 to a $71.19 billion market value through last close.
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 $23.8 a share. The target implies a 30.63% spike from where the shares are currently trading. Also, the current price highlights a discount of 35.84% to analysts’ high consensus price target.ING Groep N.V. (NYSE:ING) Intraday Trading
The counter witnessed a trading volume of 5.84 million shares versus an average volume of 3.04 million shares during last trading session. Its last month’s stock price volatility remained 2.93% which for the week approaches 1.47%. The lowest price the stock reached in the last trading day was $17.75 and compares with the $13.63 52-week low. The stock recovered 33.68% since its low point and has performed -1.3% year-to-date.