Micron Technology, Inc.[MU] stock saw a move by -0.08% on Thursday, touching 19.31 million. Based on the recent volume, Micron Technology, Inc. stock traders appear to be active. The most recent trading volume of MU shares recorded 1.11B shares, which represents the daily volume of traded shares. Analysts estimates state that Micron Technology, Inc. [MU] stock could reach median target price of $50.00.
Micron Technology, Inc. [MU] stock additionally went up by +2.88% in the period of the 7 days, recording a gain in performance by 14.20% in the last 30 days. The yearly more of MU stock is set at 15.69% by far, with shares price recording returns by 51.11% in the latest quarter. Over the past six months, MU shares showcased 31.32% increase. MU saw -1.85% change opposing the low price in the last 12 months, also recording 77.67% compared to high within the same period of time.
Micron Technology, Inc. [NASDAQ:MU]: Analyst Rating and Earnings
Its stock price has been found in the range of 28.39 to 51.39. This is compared to its latest closing price of $50.48.
Keep on the lookout for this organization’s next scheduled financial results, which are expected to be made public on Thu 26 Sep (In 14 Days).
Fundamental Analysis of Micron Technology, Inc. [MU]
Now let’s turn to look at profitability: with a current Operating Margin for Micron Technology, Inc. [MU] sitting at +49.15 and its Gross Margin at +58.87, this company’s Net Margin is now 37.40%. These measurements indicate that Micron Technology, Inc. [MU] is generating considerably more profit, after expenses are accounted for, compared to its market peers.
This company’s Return on Total Capital is 43.60, and its Return on Invested Capital has reached 38.60%. Its Return on Equity is 55.52, and its Return on Assets is 35.92. These metrics all suggest that Micron Technology, Inc. is doing well at using the money it earns to generate returns.
Turning to investigate this organization’s capital structure, Micron Technology, Inc. [MU] has generated a Total Debt to Total Equity ratio of 14.36. Similarly, its Total Debt to Total Capital is 12.56, while its Total Debt to Total Assets stands at 10.69. Looking toward the future, this publicly-traded company’s Long-Term Debt to Equity is 38.70, and its Long-Term Debt to Total Capital is 11.70.
What about valuation? This company’s Enterprise Value to EBITDA is 2.64 and its Total Debt to EBITDA Value is 0.24. The Enterprise Value to Sales for this firm is now 1.93, and its Total Debt to Enterprise Value stands at 0.07. Micron Technology, Inc. [MU] has a Price to Book Ratio of 1.90, a Price to Cash Flow Ratio of 3.73 and P/E Ratio of 5.92. These metrics all suggest that Micron Technology, Inc. is more likely to generate a positive ROI.
Shifting the focus to workforce efficiency, Micron Technology, Inc. [MU] earns $844,194 for each employee under its payroll. Similarly, this company’s Receivables Turnover is 6.59 and its Total Asset Turnover is 0.77. This publicly-traded organization’s liquidity data is also interesting: its Quick Ratio is 2.16 and its Current Ratio is 2.79. This company, considering these metrics, has a healthy ratio between its short-term liquid assets and its short-term liabilities, making it a less risky investment.
Micron Technology, Inc. [MU] has 1.11B shares outstanding, amounting to a total market cap of $55.74B. Its stock price has been found in the range of 28.39 to 51.39. At its current price, it has moved down by -1.85% from its 52-week high, and it has moved up 77.67% from its 52-week low.
This stock’s Beta value is currently 1.98, which indicates that it is 2.42% more volatile that the wider market. This stock’s Relative Strength Index (RSI) is at 70.74. This RSI suggests that Micron Technology, Inc. is currently Overbought.
Conclusion: Is Micron Technology, Inc. [MU] a Reliable Buy?
Shares of Micron Technology, Inc. [MU], overall, appear to be a solid investment option, with Wall Street analysts expecting its price to rise considerably in the next 12 months. This company generates high value from the labor resources and other capital it has available, and while it has heavy Long-Term Debt to Equity, the majority of the metrics point to this investment being highly attractive.