© Reuters. Marvell Technology Group: Buy, Sell or Hold?
Marvell Technology Group (NASDAQ :), which is benefiting from a 5G technology expansion, has seen its shares rise and fall over the past few months. While the company’s revenue appears to be on the rise, is it buying now? Read more to find out.Marvell Technology Group (MRVL), a worldwide supplier of semiconductors for embedded microprocessors, digital signal processors, and analog and mixed signal integrated circuits has been quite active over the past six months. Although the market as a whole is unpredictable and relatively volatile, the MRVL is particularly volatile.
MRVL fell to $ 36 in early November. The stock then rallied to $ 45 within a few weeks. MRVL traded sideways until early to mid-January, when it rose to $ 54. The stock then dropped immediately to $ 40 in early March, rose to $ 48 in mid-March and is now hovering around $ 49.
Is MRVL worth buying around $ 49 / share, or should investors hold back until more profits are made? Let’s find out.
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