Why Bother Looking At Apple Inc. (AAPL) And Marvell Technology Group Ltd. (MRVL)?

The shares of Apple Inc. (NASDAQ:AAPL) has performed poorly over the past three months, as it lost around -21.69% while it has so far climbed around 2.99% during the course of a year. It went down by -$1.97 now trading at $174.72. Their shares witnessed a 16.29% increase from the 52-week low price of $150.24 they recorded on 2018-02-09. Even though it is still -33.63% behind the $233.47 high touched on 2018-10-03. The last few days have been rough for the stock, as its price has decreased by -3.44% during the week. The stock of AAPL recorded 3.24% uptrend from the beginning of this year till date. The 12-month potential price target for Apple Inc. is set at $231.32. This target means that the stock has an upside potential to increase by 32.39% from the current trading price.

When giving their opinion, around 63.41% of Wall Street analysts, which represents 26 out of 41 rated the stock as a Buy. 15 brokerage firms of the remaining 36.59% rated the stock as a Hold with 0 analyst rating it as a sell. Overall, the number of aggregate AAPL shares held by institutional investors represents 61.3% of total shares. 133 institutions entered new Apple Inc. (NASDAQ:AAPL) positions, 1100 added to their existing positions in these shares, 1570 lowered their positions, and 58 exited their positions entirely.

Apple Inc. (AAPL) trade volume has increased by 9.27% as around 42,690,787 shares were sold when compared with its 50-day average volume of traded shares which is 39,068,137. At the moment, AAPL is witnessing a downtrend, as it is trading -6.72% below its 20-day SMA, -15.6% below its 50-day SMA, and -10.19% below its 200-day SMA. The company runs an ROE of roughly 48.7%, with financial analysts predicting that their earnings per share growth will be around 13% per annum for the next five year. This will be compared to the 16.5% increase witnessed over the past five years.

The first technical resistance point for Apple Inc. (NASDAQ:AAPL) will likely come at $176.19, marking a 0.83% premium to the current level. The second resistance point is at $177.67, about 1.66% premium to its current market price. On the other hand, inability to breach the immediate hurdles can drag it down to $168.95, the lower end of the range. AAPL’s 14-day MACD is -1.33 and this negative figure indicates a downward trading trend. The company’s 14-day RSI (relative strength index) score is 35.79, which shows that its stock has been neutral. The 20-day historical volatility for the stock stands at 42.06 percent, which is high when compared to that of the 50-day’s 38.88 percent.

The shares of Marvell Technology Group Ltd. (NASDAQ:MRVL) has increased by 3.81%, and now trading at $16.09 on the Wall Street in the intra-day deal, with their shares traded now around 27,942,323. This is a rise of 16,123,377 shares over the average 11,818,946 shares that were traded daily over the last three months. The stock that is trading at $16.09 went higher by 9.53% from its 52-week low of $14.69 that it attained back on 2018-11-20. The stock recorded a 52-week high of $25.18 nearly 273 days ago on 2018-03-09.

MRVL stock hasn’t performed well over the past 30 days, as it lost -6.13% while its price plunged by -25.06% year-to-date (YTD). Looking at the last few days, it has been tough for the stock, as it tumbled -0.06% over the last week. The stock’s 12-month potential target price is now at $26.14. This means that the stock price might likely increase by 62.46% from its current trading price.20 out of 23 Wall Street analysts which represents 86.96% rated the stock as a buy while the remaining 13.04 rated it as a hold, with 0 of analysts rating it as a sell.

Marvell Technology Group Ltd. (NASDAQ:MRVL) has been utilizing an ROE that is roughly 7.6%, with stock analysts predicting that the company’s EPS for the next five years will go up by 14.1% per year, following the 9.3% raise that was witnessed during the past five years. The stock at the moment is on a uptrend, trading 0.57% above its 20-day SMA, -6.23% below its 50-day SMA, and -20.84% below its 200-day SMA. In percentage terms, the aggregate Marvell Technology Group Ltd. shares held by institutional investors is 99.3%. 36 institutions jumped in to acquire Marvell Technology Group Ltd. (MRVL) fresh stake, 195 added to their current holdings in these shares, 313 lowered their positions, and 151 left no stake in the company.

The stock’s 9-day MACD is 0 and this negative figure indicates a downward trading trend. The company’s 9-day RSI score is 50.52, which shows that its stock has been neutral. The 20-day historical volatility for the shares stand at 39.78 percent, which is less when compared to that of the 50-day’s 44.17 percent. On the daily chart, we see that the stock could reach the first level of resistance at $16.47, sporting a 2.31% premium to the current level. The next resistance point is at $16.86, representing nearly 4.57% premium to the current market price of Marvell Technology Group Ltd. (MRVL). On the other hand, failure to breach the immediate hurdles can drag it down to $14.88, the lower end of the range.