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As of close of business last night, Micron Technology Inc.’s stock clocked out at $108.33, up 0.31% from its previous closing price of $107.99. In other words, the price has increased by $0.31 from its previous closing price. On the day, 13.45 million shares were traded. MU stock price reached its highest trading level at $108.4 during the session, while it also had its lowest trading level at $106.21.
Ratios:
To gain a deeper understanding of MU’s stock, we examine 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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 120120631296 and an Enterprise Value of 125676781568. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.62 while its Price-to-Book (P/B) ratio in mrq is 2.72. Its current Enterprise Value per Revenue stands at 5.881 whereas that against EBITDA is 20.985.
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 $62.62. The 50-Day Moving Average of the stock is -9.98%, while the 200-Day Moving Average is calculated to be 5.05%.
Shares Statistics:
It appears that MU traded 24.02M shares on average per day over the past three months and 20426780 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 0.46% of the company’s shares, while institutions hold 80.45% stake in the company. Shares short for MU as of 1722384000 were 23169385 with a Short Ratio of 0.96, compared to 1719532800 on 27598173. Therefore, it implies a Short% of Shares Outstanding of 23169385 and a Short% of Float of 2.1.
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 0.004259654The stock’s 5-year Average Dividend Yield is 0.33.
