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In the latest session, Micron Technology Inc (NASDAQ: MU) closed at $99.65 down -4.26% from its previous closing price of $104.08. In other words, the price has decreased by -$4.26 from its previous closing price. On the day, 19.12 million shares were traded. MU stock price reached its highest trading level at $102.49 during the session, while it also had its lowest trading level at $99.0707.
Ratios:
For a deeper understanding of Micron Technology Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 13.63 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 913.11. 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, China Renaissance on October 28, 2024, initiated with a Buy rating and assigned the stock a target price of $148.
On September 26, 2024, TD Cowen reiterated its Buy rating and also lowered its target price recommendation from $115 to $135.
TD Cowen reiterated its Buy rating for the stock on September 19, 2024, while the target price for the stock was revised from $160 to $115.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 110485938176 and an Enterprise Value of 116458209280. As of this moment, Micron’s Price-to-Earnings (P/E) ratio for their current fiscal year is 147.83, and their Forward P/E ratio for the next fiscal year is 7.77. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 8.64. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.40 while its Price-to-Book (P/B) ratio in mrq is 2.45. Its current Enterprise Value per Revenue stands at 4.638 whereas that against EBITDA is 13.021.
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 $65.26. The 50-Day Moving Average of the stock is 0.49%, while the 200-Day Moving Average is calculated to be -8.00%.
Shares Statistics:
For the past three months, MU has traded an average of 24.15M shares per day and 14759950 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 80.17% stake in the company. Shares short for MU as of 1728950400 were 35196409 with a Short Ratio of 1.46, compared to 1726185600 on 36954122. Therefore, it implies a Short% of Shares Outstanding of 35196409 and a Short% of Float of 3.18.
Dividends & Splits
According to the company, the forward annual dividend rate for MU is 0.46, from 0.46 in the trailing year. Against a Trailing Annual Dividend Yield of 0.004419677The stock’s 5-year Average Dividend Yield is 0.33.
