In the latest session, Micron Technology Inc. (NASDAQ: MU) closed at $128.01 up 4.29% from its previous closing price of $122.75. In other words, the price has increased by $+5.26 from its previous closing price. On the day, 39895466 shares were traded.
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.
On March 21, 2024, Argus Upgraded its rating to Buy which previously was Hold but kept the price unchanged to $140.
TD Cowen reiterated its Outperform rating for the stock on March 21, 2024, while the target price for the stock was revised from $120 to $150.
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 Mar 27 ’24 when ARNZEN APRIL S sold 4,890 shares for $119.30 per share. The transaction valued at 583,377 led to the insider holds 148,817 shares of the business.
MEHROTRA SANJAY sold 7,000 shares of MU for $839,313 on Mar 26 ’24. The CEO and President now owns 743,557 shares after completing the transaction at $119.90 per share. On Mar 25 ’24, another insider, MEHROTRA SANJAY, who serves as the CEO and President of the company, sold 45,000 shares for $120.00 each. As a result, the insider received 5,400,000 and left with 743,557 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 135.93B and an Enterprise Value of 141.24B. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.74 while its Price-to-Book (P/B) ratio in mrq is 3.23. Its current Enterprise Value per Revenue stands at 7.71 whereas that against EBITDA is 34.79.
Stock Price History:
Over the past 52 weeks, MU has reached a high of $127.38, while it has fallen to a 52-week low of $56.01. The 50-Day Moving Average of the stock is 94.83, while the 200-Day Moving Average is calculated to be 77.93.
Shares Statistics:
For the past three months, MU has traded an average of 19.56M shares per day and 42.78M over the past ten days. A total of 1.11B shares are outstanding, with a floating share count of 1.10B. Insiders hold about 0.67% of the company’s shares, while institutions hold 82.62% stake in the company. Shares short for MU as of Mar 15, 2024 were 20.75M with a Short Ratio of 1.06, compared to 20.43M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.87% and a Short% of Float of 1.88%.
Dividends & Splits
According to the company, the forward annual dividend rate for MU is 0.57, from 0.46 in the trailing year. Against a Trailing Annual Dividend Yield of 0.37%, it implies a Forward Annual Dividend Yield of 0.37%. The stock’s 5-year Average Dividend Yield is 0.33.
Earnings Estimates
There are 24 different market analysts currently analyzing its stock. On average, analysts expect EPS of $0.47 for the current quarter, with a high estimate of $0.56 and a low estimate of $0.44, while EPS last year was -$1.43. The consensus estimate for the next quarter is $0.88, with high estimates of $1.42 and low estimates of $0.47.
Analysts are recommending an EPS of between $1.34 and $0.4 for the fiscal current year, implying an average EPS of $0.82. EPS for the following year is $7.48, with 26 analysts recommending between $12.82 and $1.4.
Revenue Estimates
A total of 29 analysts have provided revenue estimates for MU’s current fiscal year. The highest revenue estimate was $25.35B, while the lowest revenue estimate was $22.52B, resulting in an average revenue estimate of $24.51B. In the same quarter a year ago, actual revenue was $15.54B, up 57.70% from the average estimate. Based on 29 analysts’ estimates, the company’s revenue will be $34.77B in the next fiscal year. The high estimate is $44.02B and the low estimate is $27.36B. The average revenue growth estimate for next year is up 41.90% from the average revenue estimate for this year.
