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The closing price of Micron Technology Inc. (NASDAQ: MU) was $105.05 for the day, down -2.57% from the previous closing price of $107.82. In other words, the price has decreased by -$2.57 from its previous closing price. On the day, 14.6 million shares were traded. MU stock price reached its highest trading level at $107.1 during the session, while it also had its lowest trading level at $103.54.
Ratios:
Our analysis of MU’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 14.37 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 962.59. For the most recent quarter (mrq), Quick Ratio is recorded 1.68 and its Current Ratio is at 2.64. In the meantime, Its Debt-to-Equity ratio is 0.31 whereas as Long-Term Debt/Eq ratio is at 0.30.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, TD Cowen on September 26, 2024, Reiterated its Buy rating but revised its target price to $135 from $115 previously.
On September 19, 2024, TD Cowen reiterated its Buy rating and also upped its target price recommendation from $160 to $115.
Wells Fargo reiterated its Overweight rating for the stock on September 18, 2024, while the target price for the stock was revised from $190 to $175.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Oct 21 ’24 when Bokan Michael W sold 10,000 shares for $109.03 per share. The transaction valued at 1,090,300 led to the insider holds 179,032 shares of the business.
MICHAEL W. BOKAN bought 10,000 shares of MU for $1,090,310 on Oct 21 ’24. On Sep 26 ’24, another insider, ARNZEN APRIL S, who serves as the EVP and Chief People Officer of the company, sold 4,890 shares for $113.00 each. As a result, the insider received 552,570 and left with 135,830 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MU now has a Market Capitalization of 116473135104 and an Enterprise Value of 122445422592. As of this moment, Micron’s Price-to-Earnings (P/E) ratio for their current fiscal year is 155.84, and their Forward P/E ratio for the next fiscal year is 8.17. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.27. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.64 while its Price-to-Book (P/B) ratio in mrq is 2.58. Its current Enterprise Value per Revenue stands at 4.876 whereas that against EBITDA is 13.69.
Stock Price History:
Over the past 52 weeks, MU has reached a high of $157.54, while it has fallen to a 52-week low of $63.88. The 50-Day Moving Average of the stock is 5.78%, while the 200-Day Moving Average is calculated to be -2.41%.
Shares Statistics:
MU traded an average of 24.80M shares per day over the past three months and 19264670 shares per day over the past ten days. A total of 1.11B shares are outstanding, with a floating share count of 1.10B. Insiders hold about 0.44% of the company’s shares, while institutions hold 79.96% stake in the company. Shares short for MU as of 1727654400 were 34170202 with a Short Ratio of 1.38, compared to 1724976000 on 35979258. Therefore, it implies a Short% of Shares Outstanding of 34170202 and a Short% of Float of 3.09.
Dividends & Splits
With its trailing 12-month dividend rate of 0.46, MU has a forward annual dividend rate of 0.46. Against a Trailing Annual Dividend Yield of 0.00426637The stock’s 5-year Average Dividend Yield is 0.33.
