Analyst Opinion On How To Bet On Suncor Energy Inc. (SU), Marvell Technology Group Ltd. (MRVL)

Suncor Energy Inc. (NYSE:SU) recently saw its volume around 1.82 million shares and on average it trades 3.13 million shares a day. The opening price of $34.55, led it to gain 0.44% to reach $34.6 upon the closing bell.

Suncor Energy Inc. (SU) Analyst Opinion

Suncor Energy Inc. has a consensus outperform rating from 18 Wall Street analysts, and the number of shares currently sold short amount to at least 0.49% of shares outstanding. The stock sank -1.79% last month and is up 5.84 this year. Wall Street is only getting more bullish on the stock, with 12 of analysts who cover SU having a buy-equivalent rating. Analysts have placed a $39.11 price target on Suncor Energy Inc., suggesting a 13.03% gain from recent close. It’s currently trading about -5.75% below its 52-week high.

Suncor Energy Inc. Earnings Surprise

Suncor Energy Inc. (SU) surprised the stock market in its last reported earnings when it earned $0.52 a piece versus the consensus-estimated $0.37. Its revenue totaled $8.41 billion up 15.79% from the previous quarter.

Suncor Energy Inc. (NYSE:SU) Intraday View

This stock (SU) is ahead of its 52-week low with 23.75%. Its last month’s stock price volatility remained 1.56% which for the week stands at 1.51%. The share price has moved backward from its 20 days moving average, trading at a distance of -2.24% and stays -0.23% away from its 50 days moving average. Over the last five days, shares have faced -0.29% losses and now is up 8.03% since hitting its 200-day moving average of $32.48. Suncor Energy Inc. (SU) has made its way to a 12-month gain of 6.59%.

Turning to Marvell Technology Group Ltd. (NASDAQ:MRVL), its shares were trading at $21.97 a retreat of $-0.33, on the trading floor. The stock, after opening at $22.21, touched a high of $22.65 before paring much of its gains. So far, analysts are sticking with their neutral recommendations with the consensus call at 2.2. Marvell Technology Group Ltd. has 6 buy ratings, 7 holds and 0 sells even after the stock tumbled -9.29% from its high of $24.22 to a $10.83 billion market value through last close.

Marvell Technology Group Ltd. (MRVL) Consensus Price Target

The company’s consensus rating on Reuter’s scale slipped from 2.52 to 2.05 during a month. Analysts set a 12-month price target of $27.33 a share. The target implies a 24.4% spike from where the shares are currently trading. Also, the current price highlights a discount of 54.76% to analysts’ high consensus price target.

Marvell Technology Group Ltd. (NASDAQ:MRVL) Intraday Trading

The counter witnessed a trading volume of 7.28 million shares versus an average volume of 8.28 million shares during last trading session. Its last month’s stock price volatility remained 4.35% which for the week approaches 3.05%. The lowest price the stock reached in the last trading day was $21.78 and compares with the $13.59 52-week low. The stock recovered 61.66% since its low point and has performed 58.4% year-to-date.

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