The stock of Micron Technology Inc. (MU) has gone down by -0.43% for the week, with a 8.81% rise in the past month and a 1.54% rise in the past quarter. The volatility ratio for the week is 2.25%, and the volatility levels for the past 30 days are 2.57% for MU. The simple moving average for the past 20 days is 3.43% for MU’s stock, with a 13.12% simple moving average for the past 200 days.
Is It Worth Investing in Micron Technology Inc. (NASDAQ: MU) Right Now?
while the 36-month beta value is 1.35.Analysts have differing opinions on the stock, with 21 analysts rating it as a “buy,” 5 as “overweight,” 9 as “hold,” and 2 as “sell.”
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The average price point forecasted by analysts for Micron Technology Inc. (MU) is $78.86, which is $5.96 above the current market price. The public float for MU is 1.09B, and currently, short sellers hold a 1.75% ratio of that floaft. The average trading volume of MU on September 18, 2023 was 14.18M shares.
MU) stock’s latest price update
The stock price of Micron Technology Inc. (NASDAQ: MU) has plunged by -2.66 when compared to previous closing price of 71.79, but the company has seen a -0.43% decline in its stock price over the last five trading sessions. The Motley Fool reported 2023-09-15 that Micron Technology’s revenue growth is expected to resume starting in the new fiscal year. The memory market’s fortunes are likely to turn around thanks to the growing need for AI servers.
Analysts’ Opinion of MU
Many brokerage firms have already submitted their reports for MU stocks, with Wolfe Research repeating the rating for MU by listing it as a “Outperform.” The predicted price for MU in the upcoming period, according to Wolfe Research is $80 based on the research report published on July 20, 2023 of the current year 2023.
MU Trading at 4.65% 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 unable to rebound, for now settling with -6.54% of loss for the given period.
Volatility was left at 2.57%, however, over the last 30 days, the volatility rate increased by 2.25%, as shares surge +9.94% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.13% upper at present.
During the last 5 trading sessions, MU fell by -0.43%, which changed the moving average for the period of 200-days by +25.35% in comparison to the 20-day moving average, which settled at $67.88. In addition, Micron Technology Inc. saw 39.82% 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 MEHROTRA SANJAY, who sale 7,000 shares at the price of $71.15 back on Sep 12. After this action, MEHROTRA SANJAY now owns 582,862 shares of Micron Technology Inc., valued at $498,077 using the latest closing price.
MEHROTRA SANJAY, the CEO and President of Micron Technology Inc., sale 7,000 shares at $70.11 during a trade that took place back on Sep 06, which means that MEHROTRA SANJAY is holding 582,862 shares at $490,770 based on the most recent closing price.
Stock Fundamentals for MU
Current profitability levels for the company are sitting at:
- +31.76 for the present operating margin
- +45.36 for the gross margin
The net margin for Micron Technology Inc. stands at +28.24. The total capital return value is set at 17.97, while invested capital returns managed to touch 16.03. Equity return is now at value -6.10, with -4.40 for asset returns.
Based on Micron Technology Inc. (MU), the company’s capital structure generated 15.18 points at debt to equity in total, while total debt to capital is 13.18. Total debt to assets is 11.43, with long-term debt to equity ratio resting at 14.85. Finally, the long-term debt to capital ratio is 12.90.
When we switch over and look at the enterprise to sales, we see a ratio of 4.12, with the company’s debt to enterprise value settled at 0.12. The receivables turnover for the company is 5.89 and the total asset turnover is 0.49. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.89.
Conclusion
In a nutshell, Micron Technology Inc. (MU) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
