The stock has a 36-month beta value of 1.26. Opinions on the stock are mixed, 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 at present, short sellers hold a 1.89% of that float. On April 08, 2024, the average trading volume of MU was 20.27M shares.
MU) stock’s latest price update
Micron Technology Inc. (NASDAQ: MU) has seen a decline in its stock price by -0.41 in relation to its previous close of 124.09. However, the company has experienced a 4.83% gain in its stock price over the last five trading sessions. The Motley Fool reported 2024-04-07 that Citi maintained a buy rating on the stock with a $150 price target. Demand for memory and storage products is on the upswing.
MU’s Market Performance
MU’s stock has risen by 4.83% in the past week, with a monthly rise of 29.32% and a quarterly rise of 49.41%. The volatility ratio for the week is 4.87% while the volatility levels for the last 30 days are 4.02% for Micron Technology Inc. The simple moving average for the past 20 days is 15.30% for MU’s stock, with a 59.34% 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 29.92% 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 -5.33% of loss for the given period.
Volatility was left at 4.02%, however, over the last 30 days, the volatility rate increased by 4.87%, as shares surge +24.85% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +40.30% upper at present.
During the last 5 trading sessions, MU rose by +4.83%, which changed the moving average for the period of 200-days by +84.72% in comparison to the 20-day moving average, which settled at $108.41. In addition, Micron Technology Inc. saw 44.81% 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 $130.00 back on Apr 04 ’24. After this action, MEHROTRA SANJAY now owns 728,557 shares of Micron Technology Inc., valued at $5,850,000 using the latest closing price.
MEHROTRA SANJAY, the CEO and President of Micron Technology Inc., sale 7,000 shares at $122.09 during a trade that took place back on Apr 02 ’24, which means that MEHROTRA SANJAY is holding 743,557 shares at $854,665 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 7.89. 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 sum up, Micron Technology Inc. (MU) has seen a better performance recently. Analysts have differing views on the stock, with some seeing 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.
