Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
After finishing at $112.96 in the prior trading day, Micron Technology Inc. (NASDAQ: MU) closed at $109.70, down -2.89%. In other words, the price has decreased by -$2.89 from its previous closing price. On the day, 16.02 million shares were traded. MU stock price reached its highest trading level at $113.73 during the session, while it also had its lowest trading level at $108.75.
Ratios:
Our goal is to gain a better understanding of MU by taking a closer look at its different 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:
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 Apr 23 ’24 when MEHROTRA SANJAY sold 7,000 shares for $111.93 per share. The transaction valued at 783,540 led to the insider holds 719,049 shares of the business.
MEHROTRA SANJAY sold 7,000 shares of MU for $844,920 on Apr 16 ’24. The CEO and President now owns 719,049 shares after completing the transaction at $120.70 per share. On Apr 09 ’24, another insider, MEHROTRA SANJAY, who serves as the CEO and President of the company, sold 7,000 shares for $122.60 each. As a result, the insider received 858,171 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 121478479872 and an Enterprise Value of 126852284416. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.63 while its Price-to-Book (P/B) ratio in mrq is 2.77. Its current Enterprise Value per Revenue stands at 6.927 whereas that against EBITDA is 34.631.
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 $59.55. The 50-Day Moving Average of the stock is 2.97%, while the 200-Day Moving Average is calculated to be 33.29%.
Shares Statistics:
The stock has traded on average 22.38M shares per day over the past 3-months and 20901750 shares per day over the last 10 days, according to various share statistics. 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 82.23% stake in the company. Shares short for MU as of 1713139200 were 24295021 with a Short Ratio of 1.09, compared to 1710460800 on 20754544. Therefore, it implies a Short% of Shares Outstanding of 24295021 and a Short% of Float of 2.1999999999999997.
Dividends & Splits
In the trailing 12 months, MU’s forward annual dividend rate was 0.46, compared to 0.46 this year. Against a Trailing Annual Dividend Yield of 0.004072238The stock’s 5-year Average Dividend Yield is 0.33.
