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Micron Technology Inc. (NASDAQ: MU) closed the day trading at $133.55 up 2.55% from the previous closing price of $130.23. In other words, the price has increased by $2.55 from its previous closing price. On the day, 20.2 million shares were traded. MU stock price reached its highest trading level at $134.43 during the session, while it also had its lowest trading level at $130.73.
Ratios:
For a better understanding of MU, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.16 and its Current Ratio is at 3.41. In the meantime, Its Debt-to-Equity ratio is 0.32 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 June 27, 2024, Reiterated its Buy rating but revised its target price to $160 from $150 previously.
On June 27, 2024, Needham reiterated its Buy rating and also lowered its target price recommendation from $120 to $150.
Wedbush reiterated its Outperform rating for the stock on June 18, 2024, while the target price for the stock was revised from $130 to $170.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jun 27 ’24 when ARNZEN APRIL S sold 4,890 shares for $135.86 per share. The transaction valued at 664,355 led to the insider holds 142,321 shares of the business.
MEHROTRA SANJAY sold 34,284 shares of MU for $5,220,619 on Jun 18 ’24. The CEO and President now owns 719,049 shares after completing the transaction at $152.28 per share. On Jun 12 ’24, another insider, MEHROTRA SANJAY, who serves as the CEO and President of the company, sold 30,000 shares for $140.00 each. As a result, the insider received 4,200,000 and left with 719,049 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 148085571584 and an Enterprise Value of 153641762816. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.93 while its Price-to-Book (P/B) ratio in mrq is 3.35. Its current Enterprise Value per Revenue stands at 7.189 whereas that against EBITDA is 25.654.
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 $61.75. The 50-Day Moving Average of the stock is 2.62%, while the 200-Day Moving Average is calculated to be 36.70%.
Shares Statistics:
Over the past 3-months, MU traded about 21.54M shares per day on average, while over the past 10 days, MU traded about 23919010 shares per day. A total of 1.11B shares are outstanding, with a floating share count of 1.10B. Insiders hold about 0.49% of the company’s shares, while institutions hold 81.78% stake in the company. Shares short for MU as of 1719532800 were 27598173 with a Short Ratio of 1.28, compared to 1717113600 on 26494707. Therefore, it implies a Short% of Shares Outstanding of 27598173 and a Short% of Float of 2.5.
Dividends & Splits
MU’s forward annual dividend rate is 0.46, up from 0.46 a year ago. Against a Trailing Annual Dividend Yield of 0.0035322125The stock’s 5-year Average Dividend Yield is 0.33.
