Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
After finishing at $102.85 in the prior trading day, Micron Technology Inc. (NASDAQ: MU) closed at $98.91, down -3.83%. In other words, the price has decreased by -$3.83 from its previous closing price. On the day, 26.3 million shares were traded. MU stock price reached its highest trading level at $102.19 during the session, while it also had its lowest trading level at $97.61.
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 2.16 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, Needham on August 26, 2024, Reiterated its Buy rating but revised its target price to $140 from $150 previously.
On June 27, 2024, TD Cowen reiterated its Buy rating and also lowered its target price recommendation from $150 to $160.
Needham reiterated its Buy rating for the stock on June 27, 2024, while the target price for the stock was revised from $120 to $150.
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 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 114044231680 and an Enterprise Value of 115231498240. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.13 while its Price-to-Book (P/B) ratio in mrq is 2.48. Its current Enterprise Value per Revenue stands at 5.392 whereas that against EBITDA is 19.241.
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 -16.49%, while the 200-Day Moving Average is calculated to be -4.54%.
Shares Statistics:
The stock has traded on average 24.17M shares per day over the past 3-months and 20916510 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 0.38% of the company’s shares, while institutions hold 80.10% 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
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 0.004472533The stock’s 5-year Average Dividend Yield is 0.33.
