In the past week, MU stock has gone up by 2.92%, with a monthly gain of 14.85% and a quarterly surge of 21.26%. The volatility ratio for the week is 1.86%, and the volatility levels for the last 30 days are 2.63% for Micron Technology Inc. The simple moving average for the past 20 days is 9.48% for MU’s stock, with a 19.37% simple moving average for the past 200 days.
Is It Worth Investing in Micron Technology Inc. (NASDAQ: MU) Right Now?
The 36-month beta value for MU is also noteworthy at 1.32. There are mixed opinions on the stock, with 24 analysts rating it as a “buy,” 5 rating it as “overweight,” 7 rating it as “hold,” and 2 rating it as “sell.”
The average price estimated by analysts for MU is $81.11, which is $3.55 above than the current price. The public float for MU is 1.09B, and at present, short sellers hold a 1.80% of that float. The average trading volume of MU on November 20, 2023 was 12.96M shares.
MU) stock’s latest price update
Micron Technology Inc. (NASDAQ: MU)’s stock price has gone rise by 1.16 in comparison to its previous close of 76.67, however, the company has experienced a 2.92% increase in its stock price over the last five trading days. GlobeNewsWire reported 2023-11-16 that BOISE, Idaho, Nov. 16, 2023 (GLOBE NEWSWIRE) — Micron Technology, Inc. (Nasdaq: MU), announced today that it will hold its fiscal first quarter earnings conference call on Wednesday, Dec. 20, 2023, at 2:30 p.m. Mountain time.
Analysts’ Opinion of MU
Many brokerage firms have already submitted their reports for MU stocks, with Needham repeating the rating for MU by listing it as a “Buy.” The predicted price for MU in the upcoming period, according to Needham is $75 based on the research report published on September 28, 2023 of the current year 2023.
MU Trading at 11.09% 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 0.08% of gains for the given period.
Volatility was left at 2.63%, however, over the last 30 days, the volatility rate increased by 1.86%, as shares surge +15.38% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.52% upper at present.
During the last 5 trading sessions, MU rose by +2.92%, which changed the moving average for the period of 200-days by +22.78% in comparison to the 20-day moving average, which settled at $71.36. In addition, Micron Technology Inc. saw 55.18% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at MU starting from MEHROTRA SANJAY, who sale 22,000 shares at the price of $76.94 back on Nov 14. After this action, MEHROTRA SANJAY now owns 748,759 shares of Micron Technology Inc., valued at $1,692,675 using the latest closing price.
MEHROTRA SANJAY, the CEO and President of Micron Technology Inc., sale 7,000 shares at $72.66 during a trade that took place back on Nov 07, which means that MEHROTRA SANJAY is holding 695,437 shares at $508,620 based on the most recent closing price.
Stock Fundamentals for MU
Equity return is now at value -12.41, with -8.94 for asset returns.
In summary, Micron Technology Inc. (MU) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.