The pursuit of outperformance leads many investors to carefully choose individual stocks. Picking the right ones can be a game-changer for growing 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
In the latest session, Micron Technology Inc. (NASDAQ: MU) closed at $101.82 up 1.97% from its previous closing price of $99.85. In other words, the price has increased by $1.97 from its previous closing price. On the day, 22.08 million shares were traded. MU stock price reached its highest trading level at $102.5297 during the session, while it also had its lowest trading level at $99.42.
Ratios:
For a deeper understanding of Micron Technology Inc.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 13.93 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 933.08. For the most recent quarter (mrq), Quick Ratio is recorded 1.68 and its Current Ratio is at 2.64. 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 September 26, 2024, Reiterated its Buy rating but revised its target price to $135 from $115 previously.
On September 19, 2024, TD Cowen reiterated its Buy rating and also upped its target price recommendation from $160 to $115.
Wells Fargo reiterated its Overweight rating for the stock on September 18, 2024, while the target price for the stock was revised from $190 to $175.
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 Sep 26 ’24 when ARNZEN APRIL S sold 4,890 shares for $113.00 per share. The transaction valued at 552,570 led to the insider holds 135,830 shares of the business.
ARNZEN APRIL S bought 4,890 shares of MU for $552,570 on Sep 26 ’24. On Jun 27 ’24, another insider, ARNZEN APRIL S, who serves as the EVP and Chief People Officer of the company, sold 4,890 shares for $135.86 each. As a result, the insider received 664,355 and left with 142,321 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 112902078464 and an Enterprise Value of 118717562880. As of this moment, Micron’s Price-to-Earnings (P/E) ratio for their current fiscal year is 150.69, and their Forward P/E ratio for the next fiscal year is 8.06. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.50 while its Price-to-Book (P/B) ratio in mrq is 2.55. Its current Enterprise Value per Revenue stands at 4.728 whereas that against EBITDA is 13.067.
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 $63.88. The 50-Day Moving Average of the stock is 4.76%, while the 200-Day Moving Average is calculated to be -3.92%.
Shares Statistics:
For the past three months, MU has traded an average of 25.51M shares per day and 40313720 over the past ten days. A total of 1.11B shares are outstanding, with a floating share count of 1.10B. Insiders hold about 0.39% of the company’s shares, while institutions hold 80.22% stake in the company. Shares short for MU as of 1726185600 were 36954122 with a Short Ratio of 1.45, compared to 1723680000 on 31423825. Therefore, it implies a Short% of Shares Outstanding of 36954122 and a Short% of Float of 3.34.
Dividends & Splits
According to the company, the forward annual dividend rate for MU is 0.46, from 0.46 in the trailing year. Against a Trailing Annual Dividend Yield of 0.0046069105The stock’s 5-year Average Dividend Yield is 0.33.
