In the latest session, Micron Technology Inc. (NASDAQ: MU) closed at $122.95 down -0.51% from its previous closing price of $123.58. In other words, the price has decreased by -$0.63 from its previous closing price. On the day, 27858885 shares were traded.
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 04 ’24 when MEHROTRA SANJAY sold 45,000 shares for $130.00 per share. The transaction valued at 5,850,000 led to the insider holds 728,557 shares of the business.
MEHROTRA SANJAY sold 7,000 shares of MU for $854,665 on Apr 02 ’24. The CEO and President now owns 743,557 shares after completing the transaction at $122.09 per share. On Mar 27 ’24, another insider, ARNZEN APRIL S, who serves as the EVP, Chief People Officer of the company, sold 4,890 shares for $119.30 each. As a result, the insider received 583,377 and left with 148,817 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 136.21B and an Enterprise Value of 141.52B. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.44 while its Price-to-Book (P/B) ratio in mrq is 3.10. Its current Enterprise Value per Revenue stands at 7.73 whereas that against EBITDA is 34.86.
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 $56.80. The 50-Day Moving Average of the stock is 96.51, while the 200-Day Moving Average is calculated to be 78.13.
Shares Statistics:
For the past three months, MU has traded an average of 20.40M shares per day and 34.71M over the past ten days. A total of 1.11B shares are outstanding, with a floating share count of 1.10B. Insiders hold about 0.67% of the company’s shares, while institutions hold 82.06% stake in the company. Shares short for MU as of Mar 15, 2024 were 20.75M with a Short Ratio of 1.02, compared to 20.43M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.87% and a Short% of Float of 1.88%.
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 0.37%, it implies a Forward Annual Dividend Yield of 0.37%. The stock’s 5-year Average Dividend Yield is 0.33.
Earnings Estimates
There are 24 different market analysts currently analyzing its stock. On average, analysts expect EPS of $0.43 for the current quarter, with a high estimate of $0.52 and a low estimate of $0.41, while EPS last year was -$1.43. The consensus estimate for the next quarter is $0.81, with high estimates of $1.31 and low estimates of $0.43.
Analysts are recommending an EPS of between $1.24 and $0.37 for the fiscal current year, implying an average EPS of $0.76. EPS for the following year is $6.89, with 26 analysts recommending between $11.82 and $1.29.
Revenue Estimates
A total of 29 analysts have provided revenue estimates for MU’s current fiscal year. The highest revenue estimate was $23.37B, while the lowest revenue estimate was $20.75B, resulting in an average revenue estimate of $22.59B. In the same quarter a year ago, actual revenue was $15.54B, up 45.40% from the average estimate. Based on 29 analysts’ estimates, the company’s revenue will be $32.05B in the next fiscal year. The high estimate is $40.57B and the low estimate is $25.21B. The average revenue growth estimate for next year is up 41.90% from the average revenue estimate for this year.
