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In the latest session, Micron Technology Inc. (NASDAQ: MU) closed at $116.33 down -4.47% from its previous closing price of $121.77. In other words, the price has decreased by -$4.47 from its previous closing price. On the day, 25.11 million shares were traded. MU stock price reached its highest trading level at $124.42 during the session, while it also had its lowest trading level at $116.2.
Ratios:
For a deeper understanding of Micron Technology Inc.’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.40 and its Current Ratio is at 3.74. In the meantime, Its Debt-to-Equity ratio is 0.33 whereas as Long-Term Debt/Eq ratio is at 0.32.
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, KeyBanc Capital Markets on April 08, 2024, Reiterated its Overweight rating but revised its target price to $150 from $135 previously.
Argus Upgraded its Hold to Buy on March 21, 2024, while the target price for the stock was maintained at $140.
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 Apr 16 ’24 when MEHROTRA SANJAY sold 7,000 shares for $120.70 per share. The transaction valued at 844,920 led to the insider holds 719,049 shares of the business.
MEHROTRA SANJAY sold 7,000 shares of MU for $858,171 on Apr 09 ’24. The CEO and President now owns 728,557 shares after completing the transaction at $122.60 per share. On Apr 04 ’24, another insider, MEHROTRA SANJAY, who serves as the CEO and President of the company, sold 45,000 shares for $130.00 each. As a result, the insider received 5,850,000 and left with 728,557 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 134902095872 and an Enterprise Value of 134194135040. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.03 while its Price-to-Book (P/B) ratio in mrq is 2.94. Its current Enterprise Value per Revenue stands at 7.328 whereas that against EBITDA is 36.635.
Stock Price History:
Over the past 52 weeks, MU has reached a high of $130.54, while it has fallen to a 52-week low of $58.03. The 50-Day Moving Average of the stock is 15.35%, while the 200-Day Moving Average is calculated to be 45.70%.
Shares Statistics:
For the past three months, MU has traded an average of 21.30M shares per day and 23577730 over the past ten days. A total of 1.11B shares are outstanding, with a floating share count of 1.10B. Insiders hold about 0.66% of the company’s shares, while institutions hold 82.02% stake in the company. Shares short for MU as of 1711584000 were 22817319 with a Short Ratio of 1.07, compared to 1709164800 on 22108138. Therefore, it implies a Short% of Shares Outstanding of 22817319 and a Short% of Float of 2.07.
Dividends & Splits
According to the company, the forward annual dividend rate for MU is 0.46, from 0.46 in the trailing year. The stock’s 5-year Average Dividend Yield is 0.33.
Earnings Estimates
Currently, Micron Technology, Inc. analysts are dedicated to thoroughly evaluating and rating the performance of Micron Technology Inc. (MU) in the stock market.The consensus estimate for the next quarter is $0.02, with high estimates of $0.02 and low estimates of $0.11.
EPS for the following year is $Currency, with Stocks analysts recommending between $Currency and $Currency.
