In the past week, MU stock has gone down by -15.27%, with a monthly decline of -32.25% and a quarterly plunge of -17.48%. The volatility ratio for the week is 5.82%, and the volatility levels for the last 30 days are 4.07% for Micron Technology Inc. The simple moving average for the last 20 days is -22.15% for MU stock, with a simple moving average of -8.36% for the last 200 days.
Is It Worth Investing in Micron Technology Inc. (NASDAQ: MU) Right Now?
Moreover, the 36-month beta value for MU is 1.19. Analysts have varying opinions on the stock, with 20 analysts rating it as a “buy,” 8 as “overweight,” 3 as “hold,” and 0 as “sell.”
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The public float for MU is 1.10B and currently, short sellers hold a 2.18% of that float. On August 05, 2024, MU’s average trading volume was 22.06M shares.
MU) stock’s latest price update
Micron Technology Inc. (NASDAQ: MU) has seen a decline in its stock price by -8.68 in relation to its previous close of 101.51. However, the company has experienced a -15.27% decline in its stock price over the last five trading sessions. youtube.com reported 2024-08-02 that Scott Nations, president of Nations Indexes, joins CNBC’s ‘Power Lunch’ to discuss three stocks: Boeing, Moderna, and Micron.
Analysts’ Opinion of MU
Many brokerage firms have already submitted their reports for MU stocks, with TD Cowen repeating the rating for MU by listing it as a “Buy.” The predicted price for MU in the upcoming period, according to TD Cowen is $160 based on the research report published on June 27, 2024 of the current year 2024.
Needham, on the other hand, stated in their research note that they expect to see MU reach a price target of $150, previously predicting the price at $120. The rating they have provided for MU stocks is “Buy” according to the report published on June 27th, 2024.
Wedbush gave a rating of “Outperform” to MU, setting the target price at $170 in the report published on June 18th of the current year.
MU Trading at -27.84% 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 -41.16% of loss for the given period.
Volatility was left at 4.07%, however, over the last 30 days, the volatility rate increased by 5.82%, as shares sank -29.56% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -27.29% lower at present.
During the last 5 trading sessions, MU fell by -15.27%, which changed the moving average for the period of 200-days by +34.19% in comparison to the 20-day moving average, which settled at $117.13. In addition, Micron Technology Inc. saw 8.62% 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 $135.86 back on Jun 27 ’24. After this action, ARNZEN APRIL S now owns 142,321 shares of Micron Technology Inc., valued at $664,355 using the latest closing price.
MEHROTRA SANJAY, the CEO and President of Micron Technology Inc., sale 34,284 shares at $152.28 during a trade that took place back on Jun 18 ’24, which means that MEHROTRA SANJAY is holding 719,049 shares at $5,220,619 based on the most recent closing price.
Stock Fundamentals for MU
Current profitability levels for the company are sitting at:
- -0.09 for the present operating margin
- 0.11 for the gross margin
The net margin for Micron Technology Inc. stands at -0.07. The total capital return value is set at -0.03. Equity return is now at value -3.43, with -2.33 for asset returns.
Based on Micron Technology Inc. (MU), the company’s capital structure generated 0.21 points at debt to capital in total, while cash flow to debt ratio is standing at 0.46. The debt to equity ratio resting at 0.26. The interest coverage ratio of the stock is -7.62.
Currently, EBITDA for the company is 2.66 billion with net debt to EBITDA at 1.14. When we switch over and look at the enterprise to sales, we see a ratio of 5.13. The receivables turnover for the company is 4.17for trailing twelve months and the total asset turnover is 0.32. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.41.
Conclusion
To wrap up, the performance of Micron Technology Inc. (MU) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
