Day: August 5, 2020

Should You Investigate Marvell Technology Group Ltd. (NASDAQ:MRVL) At US$37.37?

Marvell Technology Group Ltd. (NASDAQ:MRVL) led the NASDAQGS gainers with a relatively large price hike in the past couple of weeks. With many analysts covering the large-cap stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price. But what if there is still an opportunity to buy? Today I will analyse the most recent data on Marvell Technology Group’s outlook and valuation to see if the opportunity still exists.

Check out our latest analysis for Marvell Technology Group

What is Marvell Technology Group worth?

Great news for investors – Marvell Technology Group is still trading at a fairly cheap price according to my price multiple model, where I compare the company’s price-to-earnings ratio to the industry average. In this instance, I’ve used the price-to-earnings (PE) ratio given that there is not enough information to reliably forecast the stock’s cash flows. I find

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