Following previous ticker characteristics, Marvell Technology Group Ltd. (NASDAQ:MRVL) also run on active notice, stock price crashed down -2.40% after traded at $12.63 in most recent trading session.
Marvell (MRVL) announced its financial results for the second quarter of fiscal year 2017, ended July 30, 2016. Revenues for the second quarter of fiscal 2017 were $626 million, up approximately 16 percent from $541 million in the prior quarter and down approximately 12 percent from the same quarter of last year.
President and CEO, Matt Murphy stated that we experienced a seasonally strong second quarter, driven by solid demand from customers across storage, networking, and wireless end markets. He continued “We are also beginning to see the benefits of improved focus on product cost as well as a more disciplined approach to spending, which resulted in better than expected earnings per share.”
MRVL has price to earnings ratio stands at unstated figure and the price to current year EPS stands at -290.00%. Whereas the traders who further want to see about this, may be interested to see Price to next year’s EPS that would be 69.19%. The earning yield also gives right direction to lure investment, as the co has 1.90% dividend yield. Moving toward ratio analysis, it has current ratio of 4.40 and quick ratio was calculated as 4.00. The debt to equity ratio appeared as 0.01 for seeing its liquidity position.
Taking notice on volatility measures, price volatility of stock was 3.60% for a week and 2.78% for a month. The price volatility’s Average True Range for 14 days was 0.35. On these bases, analysts would recommend this stock as an “Active Revolving Stocks.” The firm attains analyst recommendation of 2.80 out of 1-5 scale with week’s performance of 2.68%. MRVL’s institutional ownership was registered as 72.80%, while insider ownership was 0.10%.
Rambus Inc. (NASDAQ:RMBS) persists its position slightly strong in context of buying side, while shares price crashed down -5.69% during latest trading session.
Analysts Practices; to watch unbiased undervalue securities, there is need to see following technical rations. RMBS holds price to earnings ratio of 8.05 that presents much better indication for a stock’s value than the market price alone. Based on historic views, the average P/E ratio in market fluctuates between 15 to 25, but alone low P/E ratio does not necessarily mean that a company is undervalue.
Narrow down focus to other ratios, the co has current ratio of 6.40 that indicates if RMBS lies in 1.3% to 3% then it is acceptable for both active and passive investors, but sometimes its varies industry to industry. Generally, it indicates good short-term financial strength. Street is more conscious on this after SunEdison, Inc. case. To make strengthen these views, the active industry firm has Quick Ratio of 6.40, which indicates firm has sufficient short-term assets to cover its immediate liabilities. In addition, the firm has debt to equity ratio of 0.30, sometimes its remain same with long term debt to equity ratio.