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The closing price of Micron Technology Inc (NASDAQ: MU) was $102.60 for the day, down -0.57% from the previous closing price of $103.19. In other words, the price has decreased by -$0.57 from its previous closing price. On the day, 16.22 million shares were traded. MU stock price reached its highest trading level at $104.8 during the session, while it also had its lowest trading level at $101.87.
Ratios:
Our analysis of MU’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 15.07 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 206.34. For the most recent quarter (mrq), Quick Ratio is recorded 1.75 and its Current Ratio is at 2.72. In the meantime, Its Debt-to-Equity ratio is 0.31 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 December 19, 2024, Reiterated its Buy rating but revised its target price to $125 from $135 previously.
On December 19, 2024, Needham reiterated its Buy rating and also upped its target price recommendation from $140 to $120.
BofA Securities Downgraded its Buy to Neutral on December 19, 2024, whereas the target price for the stock was revised from $125 to $110.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Jan 07 ’25 when ALLEN SCOTT R. sold 5,000 shares for $101.76 per share. The transaction valued at 508,800 led to the insider holds 54,518 shares of the business.
SCOTT ALLEN bought 5,000 shares of MU for $508,780 on Jan 07 ’25. On Dec 20 ’24, another insider, ARNZEN APRIL S, who serves as the EVP and Chief People Officer of the company, sold 4,890 shares for $85.21 each. As a result, the insider received 416,677 and left with 181,223 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 114971500544 and an Enterprise Value of 121170362368. As of this moment, Micron’s Price-to-Earnings (P/E) ratio for their current fiscal year is 29.63, and their Forward P/E ratio for the next fiscal year is 9.15. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.97. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.93 while its Price-to-Book (P/B) ratio in mrq is 2.44. Its current Enterprise Value per Revenue stands at 4.825 whereas that against EBITDA is 13.548.
Stock Price History:
The Beta on a monthly basis for MU is 1.18, which has changed by 0.17243743 over the last 52 weeks, in comparison to a change of 0.22677135 over the same period for the S&P500. Over the past 52 weeks, MU has reached a high of $157.54, while it has fallen to a 52-week low of $79.15. The 50-Day Moving Average of the stock is 3.40%, while the 200-Day Moving Average is calculated to be -6.70%.
Shares Statistics:
MU traded an average of 21.74M shares per day over the past three months and 27195660 shares per day over the past ten days. A total of 1.11B shares are outstanding, with a floating share count of 1.11B. Insiders hold about 0.41% of the company’s shares, while institutions hold 77.74% stake in the company. Shares short for MU as of 1732838400 were 33896317 with a Short Ratio of 1.95, compared to 1730332800 on 35555244. Therefore, it implies a Short% of Shares Outstanding of 33896317 and a Short% of Float of 3.05.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 0.33. The current Payout Ratio is 66.10% for MU, which recently paid a dividend on 2024-12-30 with an ex-dividend date of 1728259200. Stock splits for the company last occurred on 2000-05-02 when the company split stock in a 2:1 ratio.
