Micron Technology Inc. (NASDAQ:MU) currently has a daily average trading volume of 19.56M but it saw 39895466 shares traded in last market. With a market cap of 141.75B USD, the company’s current market price of $128.01 came rising about 4.29 while comparing to the previous closing price of $122.75. In past 52 weeks, the stock remained buoying in the range of price level as high as $127.38 and as low as $56.01.
Taking a look at 20-day trading activity of Micron Technology Inc. (MU) gives us an average price of $105.76, while its current price level is 0.49% below from 52-week high level whereas it is 128.55% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $94.39 while that of 200 days or SMA-200 reads an average of $77.27. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.92% during that period while stretching the period over a month that decreases to 3.78%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 80.49 which implies that the stock is in overbought territory.
Argus upgraded its recommendation for the stock as a “Buy” from “Hold” on March 21, 2024 while assigning a price target of $140. TD Cowen issued its recommendations for the stock as it reiterated the price target for the stock in the range of between $120 and $150.
Over the week, MU’s stock price is moving 7.75% up while it is 33.66% when we observe its performance for the past one month. Year-to-date it is 50.00% up and over the past year, the stock is showing an upside performance of 112.15%.
The latest quarterly earnings report issued by the company was for quarter ended 2/28/2024, when its quarterly earnings per share (EPS) of $0.42 beat the consensus estimate of -$0.25 for the same. For MU, analysts are forecasting an EPS-growth rate of 118.40% for current year and estimate for EPS growth in next year is 812.20%. In next quarter, company is expected to be making quarterly sales of $7.4 billion as analysts are expecting the sales for current fiscal year at $24.51 billion and seeing the company making $34.77 billion in sales next year. Moreover, analysts are in estimates of $6.61 billion for current-quarter revenue.
Currently, Micron Technology Inc.’s total number of outstanding shares is 1.11B with 0.29% of that held by the insiders while 84.94% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -6.51% and return on equity (ROE) at -8.27%. It has a 16.99 of forward P/E ratio. Stock’s beta reads 1.27. Stock has a price to book (P/B) ratio of 3.23 while price to sale or P/S ratio amounts to 7.74. Its return on asset (ROA) is -5.70% on average.
