Company’s 36-month beta value is 1.21.Analysts have differing opinions 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 2.21% ratio of that floaft. The average trading volume of MU on May 06, 2024 was 22.73M shares.
MU) stock’s latest price update
Micron Technology Inc. (NASDAQ: MU)’s stock price has increased by 2.11 compared to its previous closing price of 112.33. However, the company has seen a -0.12% decrease in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-03 that Micron (MU) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean a trend reversal for the stock in the near term.
MU’s Market Performance
Micron Technology Inc. (MU) has seen a -0.12% fall in stock performance for the week, with a -7.57% decline in the past month and a 32.63% surge in the past quarter. The volatility ratio for the week is 2.88%, and the volatility levels for the past 30 days are at 3.96% for MU. The simple moving average for the last 20 days is -1.49% for MU stock, with a simple moving average of 38.59% for the last 200 days.
Analysts’ Opinion of MU
Many brokerage firms have already submitted their reports for MU stocks, with KeyBanc Capital Markets repeating the rating for MU by listing it as a “Overweight.” The predicted price for MU in the upcoming period, according to KeyBanc Capital Markets is $150 based on the research report published on April 08, 2024 of the current year 2024.
Argus gave a rating of “Buy” to MU, setting the target price at $140 in the report published on March 21st of the current year.
MU Trading at 6.46% 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 -12.14% of loss for the given period.
Volatility was left at 3.96%, however, over the last 30 days, the volatility rate increased by 2.88%, as shares sank -7.19% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +33.51% upper at present.
During the last 5 trading sessions, MU fell by -0.12%, which changed the moving average for the period of 200-days by +76.57% in comparison to the 20-day moving average, which settled at $115.99. In addition, Micron Technology Inc. saw 34.40% 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 Deboer Scott J, who sale 40,000 shares at the price of $110.31 back on May 01 ’24. After this action, Deboer Scott J now owns 158,617 shares of Micron Technology Inc., valued at $4,412,400 using the latest closing price.
Bokan Michael W, the SVP, Worldwide Sales of Micron Technology Inc., sale 15,000 shares at $115.55 during a trade that took place back on Apr 30 ’24, which means that Bokan Michael W is holding 153,387 shares at $1,733,250 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 7.35. 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 a nutshell, Micron Technology Inc. (MU) has experienced a mixed 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.
