Quarterly Metrics: Quick and Current Ratios for Micron Technology Inc. (MU)

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As of close of business last night, Micron Technology Inc.’s stock clocked out at $117.81, down -1.27% from its previous closing price of $119.32. In other words, the price has decreased by -$1.27 from its previous closing price. On the day, 10.15 million shares were traded. MU stock price reached its highest trading level at $119.585 during the session, while it also had its lowest trading level at $117.44.

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 2.40 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 the company, Robert W. Baird on May 06, 2024, Upgraded its rating to Outperform and sets its target price to $150 from $115 previously.

On April 08, 2024, KeyBanc Capital Markets reiterated its Overweight rating and also lowered its target price recommendation from $135 to $150.

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 May 07 ’24 when MEHROTRA SANJAY sold 7,000 shares for $120.32 per share. The transaction valued at 842,208 led to the insider holds 719,049 shares of the business.

BHATIA MANISH H sold 53,317 shares of MU for $6,354,320 on May 06 ’24. The EVP, Global Operations now owns 319,119 shares after completing the transaction at $119.18 per share. On May 01 ’24, another insider, Deboer Scott J, who serves as the EVP, Technology & Products of the company, sold 40,000 shares for $110.31 each. As a result, the insider received 4,412,400 and left with 158,617 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 130459254784 and an Enterprise Value of 137505161216. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.12 while its Price-to-Book (P/B) ratio in mrq is 2.97. Its current Enterprise Value per Revenue stands at 7.509 whereas that against EBITDA is 37.539.

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 6.96%, while the 200-Day Moving Average is calculated to be 40.54%.

Shares Statistics:

It appears that MU traded 22.92M shares on average per day over the past three months and 16183140 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 0.66% of the company’s shares, while institutions hold 82.09% stake in the company. Shares short for MU as of 1713139200 were 24295021 with a Short Ratio of 1.06, 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

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 0.0038551795The stock’s 5-year Average Dividend Yield is 0.33.

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