Can Micron Technology Inc. (MU) Remain Competitive?

Micron Technology Inc. (NASDAQ:MU) went up by 2.74% from its latest closing price compared to the recent 1-year high of $89.22. The company’s stock price has collected 5.18% of gains in the last five trading sessions. Barron’s reported on 02/19/21 that Tech Valuations Are Getting Scary. Here’s How We Know.

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Is It Worth Investing in Micron Technology Inc. (NASDAQ :MU) Right Now?

Micron Technology Inc. (NASDAQ:MU) scored a price-to-earnings ratio above its average ratio, recording 34.32 x from its present earnings ratio. Plus, the 36-month beta value for MU is at 1.26. Opinions of the stock are interesting as 28 analysts out of 34 who provided ratings for Micron Technology Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 5 rated it as “hold,” and 0 as “sell.”


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The average price from analysts is $100.56, which is $4.91 above the current price. MU currently public float of 1.12B and currently shorts hold a 1.89% ratio of that float. Today, the average trading volume of MU was 17.56M shares.

MU’s Market Performance

MU stocks went up by 5.18% for the week, with a monthly jump of 8.93% and a quarterly performance of 46.73%, while its annual performance rate touched 54.17%. The volatility ratio for the week stands at 2.98% while the volatility levels for the past 30 days are set at 3.32% for Micron Technology Inc.. The simple moving average for the period of the last 20 days is 10.27% for MU stocks with a simple moving average of 58.25% for the last 200 days.

Analysts’ Opinion of MU

Many brokerage firms have already submitted their reports for MU stocks, with Daiwa Securities repeating the rating for MU by listing it as a “Buy.” The predicted price for MU in the upcoming period, according to Daiwa Securities is $140 based on the research report published on February 18th of the current year 2021.

Cowen gave a rating of “Outperform” to MU, setting the target price at $90 in the report published on January 08th of the current year.

MU Trading at 16.77% from the 50-Day Moving Average

After a stumble in the market that brought MU to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 1.95% of gains for the given period.

Volatility was left at 3.32%, however, over the last 30 days, the volatility rate increased by 2.98%, as shares surge +7.00% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +25.27% upper at present.

During the last 5 trading sessions, MU rose by +5.18%, which changed the moving average for the period of 200-days by +100.31% in comparison to the 20-day moving average, which settled at $82.79. In addition, Micron Technology Inc. saw 20.99% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at MU starting from Sadana Sumit, who sale 70,000 shares at the price of $88.00 back on Feb 16. After this action, Sadana Sumit now owns 15,745 shares of Micron Technology Inc., valued at $6,160,000 using the latest closing price.

Poppen Joel L, the SVP, General Counsel&Secretary of Micron Technology Inc., sale 46,554 shares at $87.79 during a trade that took place back on Feb 16, which means that Poppen Joel L is holding 252,213 shares at $4,086,976 based on the most recent closing price.

Stock Fundamentals for MU

Current profitability levels for the company are sitting at:

  • +14.33 for the present operating margin
  • +30.57 for the gross margin

The net margin for Micron Technology Inc. stands at +12.54. The total capital return value is set at 6.91, while invested capital returns managed to touch 6.23.

Based on Micron Technology Inc. (MU), the company’s capital structure generated 18.40 points at debt to equity in total, while total debt to capital is 15.54. Total debt to assets is 13.37, with long-term debt to equity ratio resting at 17.71. Finally, the long-term debt to capital ratio is 14.96.

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When we switch over and look at the enterprise to sales, we see a ratio of 2.40, with the company’s debt to enterprise value settled at 0.14. The receivables turnover for the company is 6.03 and the total asset turnover is 0.42. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.71.

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