In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
In the latest session, Micron Technology Inc. (NASDAQ: MU) closed at $109.12 up 2.20% from its previous closing price of $106.77. In other words, the price has increased by $2.20 from its previous closing price. On the day, 18.93 million shares were traded. MU stock price reached its highest trading level at $110.225 during the session, while it also had its lowest trading level at $106.63.
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.
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:
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 Apr 16 ’24 when MEHROTRA SANJAY sold 7,000 shares for $120.70 per share. The transaction valued at 844,920 led to the insider holds 719,049 shares of the business.
MEHROTRA SANJAY sold 7,000 shares of MU for $858,171 on Apr 09 ’24. The CEO and President now owns 728,557 shares after completing the transaction at $122.60 per share. On Apr 04 ’24, another insider, MEHROTRA SANJAY, who serves as the CEO and President of the company, sold 45,000 shares for $130.00 each. As a result, the insider received 5,850,000 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 120836218880 and an Enterprise Value of 123607695360. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.60 while its Price-to-Book (P/B) ratio in mrq is 2.75. Its current Enterprise Value per Revenue stands at 6.75 whereas that against EBITDA is 33.745.
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 $58.03. The 50-Day Moving Average of the stock is 6.55%, while the 200-Day Moving Average is calculated to be 35.43%.
Shares Statistics:
For the past three months, MU has traded an average of 22.07M shares per day and 24253000 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 82.03% stake in the company. Shares short for MU as of 1711584000 were 22817319 with a Short Ratio of 1.03, compared to 1709164800 on 22108138. Therefore, it implies a Short% of Shares Outstanding of 22817319 and a Short% of Float of 2.07.
Dividends & Splits
According to the company, the forward annual dividend rate for MU is 0.46, from 0.46 in the trailing year. The stock’s 5-year Average Dividend Yield is 0.33.
Earnings Estimates
The stock of Micron Technology Inc. (MU) is currently being evaluated by MUR/XDR analysts who are actively contributing to its market rating.The consensus estimate for the next quarter is $0.02, with high estimates of $0.02 and low estimates of $0.11.
