Micron Technology Inc (NASDAQ: MU) has a higher price-to-earnings ratio of 30.54x compared to its average ratio. MU has 36-month beta value of 1.17. Analysts have mixed views on the stock, with 25 analysts rating it as a “buy,” 8 as “overweight,” 5 as “hold,” and 0 as “sell.”
The public float for MU is 1.11B, and currently, short sellers hold a 3.81% ratio of that float. The average trading volume of MU on January 20, 2025 was 21.67M shares.
MU) stock’s latest price update
The stock of Micron Technology Inc (NASDAQ: MU) has increased by 3.07 when compared to last closing price of 102.60.Despite this, the company has seen a gain of 6.45% in its stock price over the last five trading days. accessnewswire.com reported 2025-01-19 that NEW YORK, NY / ACCESS Newswire / January 19, 2025 / If you suffered a loss on your Micron Technology, Inc. (NASDAQ:MU) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/micron-technology-inc-lawsuit-submission-form?prid=123740&wire=1 or contact Joseph E. Levi, Esq.
MU’s Market Performance
Micron Technology Inc (MU) has seen a 6.45% rise in stock performance for the week, with a -2.32% decline in the past month and a -3.19% plunge in the past quarter. The volatility ratio for the week is 3.25%, and the volatility levels for the past 30 days are at 4.12% for MU.. The simple moving average for the past 20 days is 11.96% for MU’s stock, with a -3.76% simple moving average for the past 200 days.
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 $125 based on the research report published on December 19, 2024 of the previous year 2024.
Needham, on the other hand, stated in their research note that they expect to see MU reach a price target of $120, previously predicting the price at $140. The rating they have provided for MU stocks is “Buy” according to the report published on December 19th, 2024.
BofA Securities gave a rating of “Neutral” to MU, setting the target price at $110 in the report published on December 19th of the previous year.
MU Trading at 6.48% 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 -32.87% of loss for the given period.
Volatility was left at 4.12%, however, over the last 30 days, the volatility rate increased by 3.25%, as shares sank -2.62% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.95% upper at present.
During the last 5 trading sessions, MU rose by +6.45%, which changed the moving average for the period of 200-days by -13.85% in comparison to the 20-day moving average, which settled at $94.46. In addition, Micron Technology Inc saw 25.65% 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 ALLEN SCOTT R., who sale 5,000 shares at the price of $101.76 back on Jan 07 ’25. After this action, ALLEN SCOTT R. now owns 54,518 shares of Micron Technology Inc, valued at $508,800 using the latest closing price.
SCOTT ALLEN, the Officer of Micron Technology Inc, proposed sale 5,000 shares at $101.76 during a trade that took place back on Jan 07 ’25, which means that SCOTT ALLEN is holding shares at $508,780 based on the most recent closing price.
Stock Fundamentals for MU
Current profitability levels for the company are sitting at:
- 0.15 for the present operating margin
- 0.31 for the gross margin
The net margin for Micron Technology Inc stands at 0.13. The total capital return value is set at 0.07. Equity return is now at value 8.66, with 5.74 for asset returns.
Based on Micron Technology Inc (MU), the company’s capital structure generated 0.23 points at debt to capital in total, while cash flow to debt ratio is standing at 0.75. The debt to equity ratio resting at 0.3. The interest coverage ratio of the stock is 7.95.
Currently, EBITDA for the company is 9.58 billion with net debt to EBITDA at 0.55. When we switch over and look at the enterprise to sales, we see a ratio of 4.3. The receivables turnover for the company is 3.92for trailing twelve months and the total asset turnover is 0.41. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.72.
Conclusion
To put it simply, Micron Technology Inc (MU) has had a mixed 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’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.
