The stock of Micron Technology Inc. (MU) has seen a 7.32% increase in the past week, with a 31.41% gain in the past month, and a 36.04% flourish in the past quarter. The volatility ratio for the week is 4.48%, 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 18.00% for MU’s stock, with a 54.76% 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 1.27. There are mixed opinions on the stock, with 21 analysts rating it as a “buy,” 7 rating it as “overweight,” 7 rating it as “hold,” and 1 rating it as “sell.”
The public float for MU is 1.10B, and at present, short sellers hold a 1.89% of that float. The average trading volume of MU on April 01, 2024 was 18.61M shares.
MU) stock’s latest price update
Micron Technology Inc. (NASDAQ: MU)’s stock price has decreased by -1.14 compared to its previous closing price of 119.25. However, the company has seen a 7.32% increase in its stock price over the last five trading sessions. The Motley Fool reported 2024-03-31 that Broadcom has won a new customer for its custom AI chips. Micron Technology’s results and guidance are proof that AI is giving it a huge shot in the arm.
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 28.94% 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 -3.73% of loss for the given period.
Volatility was left at 3.52%, however, over the last 30 days, the volatility rate increased by 4.48%, as shares surge +30.11% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +41.56% upper at present.
During the last 5 trading sessions, MU rose by +7.32%, which changed the moving average for the period of 200-days by +74.78% in comparison to the 20-day moving average, which settled at $101.27. In addition, Micron Technology Inc. saw 38.14% 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 ARNZEN APRIL S, who sale 4,890 shares at the price of $119.30 back on Mar 27 ’24. After this action, ARNZEN APRIL S now owns 148,817 shares of Micron Technology Inc., valued at $583,377 using the latest closing price.
MEHROTRA SANJAY, the CEO and President of Micron Technology Inc., sale 7,000 shares at $119.90 during a trade that took place back on Mar 26 ’24, which means that MEHROTRA SANJAY is holding 743,557 shares at $839,313 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 7.54. 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
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.
