Micron Technology Inc. (NASDAQ: MU) established initial surge of 3.59% at $84.01, as the Stock market unbolted on February 08, 2021. During the day, the stock rose to $84.06 and sunk to $81.64 before settling in for the price of $81.10 at the close. Taking a more long-term approach, MU posted a 52-week range of $31.13-$87.25.
The company of the Technology sector’s yearbook sales growth during the past 5- year span was recorded 5.80%. Meanwhile, its Annual Earning per share during the time was -0.80%. Nevertheless, stock’s Earnings Per Share (EPS) this year is -56.90%. This publicly-traded company’s shares outstanding now amounts to $1.12 billion, simultaneously with a float of $1.12 billion. The organization now has a market capitalization sitting at $94.15 billion. At the time of writing, stock’s 50-day Moving Average stood at $75.27, while the 200-day Moving Average is $56.08.
It is imperative to bring your focus towards the efficiency factor of the conglomerate that has a total of 40000 employees. It has generated 535,875 per worker during the last fiscal year. Meanwhile, its income per employee was 67,175. The stock had 6.03 Receivables turnover and 0.42 Total Asset turnover. For the Profitability, stocks gross margin was +30.57, operating margin was +14.33 and Pretax Margin of +13.92.
Micron Technology Inc. (MU) Ownership Facts and Figures
Sometimes it is also beneficial to study the sentiment of large-scale investors towards the stock of the Micron Technology Inc. industry. Micron Technology Inc.’s current insider ownership accounts for 0.20%, in contrast to 84.00% institutional ownership. According to the most recent insider trade that took place on Jan 15, this organization’s SVP & Chief Financial Officer sold 8,050 shares at the rate of 80.89, making the entire transaction reach 651,196 in total value, affecting insider ownership by 129,214. Preceding that transaction, on Jan 13, Company’s SVP, Chief People Officer sold 15,000 for 79.13, making the whole transaction’s value amount to 1,186,950. This particular insider is now the holder of 88,888 in total.
Micron Technology Inc. (MU) Earnings and Revenue Records
Going through the last 3-months fiscal report unveiled on the 11/29/2020, it has been observed that the corporation posted $0.78 earnings per share (EPS) during the time that was better the consensus figure (set at $0.71) by $0.07. This company achieved a net margin of +12.54 while generating a return on equity of 7.18. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.05 per share during the current fiscal year.
Micron Technology Inc.’s EPS decrease for this current 12-month fiscal period is -56.90% and is forecasted to reach 7.93 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 18.38% through the next 5 years, which can be compared against the -0.80% growth it accomplished over the previous five years trading on the market.
Micron Technology Inc. (NASDAQ: MU) Trading Performance Indicators
Let’s observe the current performance indicators for Micron Technology Inc. (MU). It’s Quick Ratio in the last reported quarter now stands at 1.90. The Stock has managed to achieve an average true range (ATR) of 3.15. Alongside those numbers, its PE Ratio stands at $31.70, and its Beta score is 1.24. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 4.27.
In the same vein, MU’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 2.65, a figure that is expected to reach 0.77 in the next quarter, and analysts are predicting that it will be 7.93 at the market close of one year from today.
Technical Analysis of Micron Technology Inc. (MU)
Now, what If we examine the latest scores posted by [Micron Technology Inc., MU]. During the last 5-days, its volume was lower the volume of 19.98 million it reported in year-ago period. During the previous 9 days, stock’s Stochastic %D was recorded 85.84% While, its Average True Range was 2.96.
Raw Stochastic average of Micron Technology Inc. (MU) in the period of the previous 100 days is set at 92.05%, which indicates a major rise in contrast to 74.92% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 45.64% that was higher than 38.22% volatility it exhibited in the past 100-days period.