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The closing price of Micron Technology Inc. (NASDAQ: MU) was $87.21 for the day, down -3.79% from the previous closing price of $90.65. In other words, the price has decreased by -$3.79 from its previous closing price. On the day, 30.85 million shares were traded. MU stock price reached its highest trading level at $88.02 during the session, while it also had its lowest trading level at $84.12.
Ratios:
Our analysis of MU’s different ratios will help us gain a deeper understanding of the company. 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 the company, Exane BNP Paribas on Sep-13-24, Downgraded its rating to Underperform and sets its target price to $67 from $140 previously.
On August 26, 2024, Needham reiterated its Buy rating and also upped its target price recommendation from $150 to $140.
TD Cowen reiterated its Buy rating for the stock on June 27, 2024, while the target price for the stock was revised from $150 to $160.
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 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 96701931520 and an Enterprise Value of 102258049024. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.52 while its Price-to-Book (P/B) ratio in mrq is 2.19. Its current Enterprise Value per Revenue stands at 4.785 whereas that against EBITDA is 17.074.
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 $63.83. The 50-Day Moving Average of the stock is -18.27%, while the 200-Day Moving Average is calculated to be -16.60%.
Shares Statistics:
MU traded an average of 25.20M shares per day over the past three months and 20986020 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 0.38% of the company’s shares, while institutions hold 80.13% stake in the company. Shares short for MU as of 1723680000 were 31423825 with a Short Ratio of 1.43, compared to 1721001600 on 24054703. Therefore, it implies a Short% of Shares Outstanding of 31423825 and a Short% of Float of 2.8399997999999997.
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 0.0050744624The stock’s 5-year Average Dividend Yield is 0.33.
