MU has 36-month beta value of 1.26. Analysts have mixed views on the stock, with 20 analysts rating it as a “buy,” 8 as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for MU is 1.10B, and currently, short sellers hold a 2.01% ratio of that float. The average trading volume of MU on March 25, 2024 was 17.13M shares.
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MU) stock’s latest price update
The stock of Micron Technology Inc. (NASDAQ: MU) has increased by 6.28 when compared to last closing price of 110.21. Despite this, the company has experienced a 24.90% gain in its stock price over the last five trading sessions. InvestorPlace reported 2024-03-25 that Investors got a good case of whiplash over the past four years. The pandemic crash of 2020 brought a decade-long bull market to a screeching halt.
MU’s Market Performance
Micron Technology Inc. (MU) has seen a 24.90% rise in stock performance for the week, with a 36.20% gain in the past month and a 37.03% surge in the past quarter. The volatility ratio for the week is 5.07%, and the volatility levels for the past 30 days are at 3.52% for MU. The simple moving average for the past 20 days is 22.39% for MU’s stock, with a 55.37% simple moving average for the past 200 days.
Analysts’ Opinion of MU
Argus, on the other hand, stated in their research note that they expect to see MU reach a price target of $140. The rating they have provided for MU stocks is “Buy” according to the report published on March 21st, 2024.
TD Cowen gave a rating of “Outperform” to MU, setting the target price at $150 in the report published on March 21st of the current year.
MU Trading at 31.11% 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 3.20% of gains for the given period.
Volatility was left at 3.52%, however, over the last 30 days, the volatility rate increased by 5.07%, as shares surge +30.93% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +40.46% upper at present.
During the last 5 trading sessions, MU rose by +24.90%, which changed the moving average for the period of 200-days by +74.66% in comparison to the 20-day moving average, which settled at $97.09. In addition, Micron Technology Inc. saw 37.25% 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 45,000 shares at the price of $113.38 back on Mar 21 ’24. After this action, MEHROTRA SANJAY now owns 758,557 shares of Micron Technology Inc., valued at $5,102,100 using the latest closing price.
MEHROTRA SANJAY, the CEO and President of Micron Technology Inc., sale 7,000 shares at $93.08 during a trade that took place back on Mar 19 ’24, which means that MEHROTRA SANJAY is holding 773,557 shares at $651,528 based on the most recent closing price.
Stock Fundamentals for MU
Current profitability levels for the company are sitting at:
- -0.23 for the present operating margin
- -0.0 for the gross margin
The net margin for Micron Technology Inc. stands at -0.21. The total capital return value is set at -0.07. Equity return is now at value -8.27, with -5.70 for asset returns.
Based on Micron Technology Inc. (MU), the company’s capital structure generated 0.22 points at debt to capital in total, while cash flow to debt ratio is standing at 0.23. The debt to equity ratio resting at 0.28. The interest coverage ratio of the stock is -8.01.
Currently, EBITDA for the company is 2.66 billion with net debt to EBITDA at 2.0. When we switch over and look at the enterprise to sales, we see a ratio of 7.5. The receivables turnover for the company is 4.26for trailing twelve months and the total asset turnover is 0.28. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.74.
Conclusion
To put it simply, Micron Technology Inc. (MU) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
