Micron Technology Inc. (MU) Moves -5.15% Lower: These Numbers are Too Good to be True

As on February 22, 2021, Micron Technology Inc. (NASDAQ: MU) started slowly as it slid -5.15% to $86.28. During the day, the stock rose to $90.52 and sunk to $85.915 before settling in for the price of $90.96 at the close. Taking a more long-term approach, MU posted a 52-week range of $31.13-$91.49.

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It was noted that the giant of the Technology sector posted annual sales growth of 5.80% over the last 5 years. 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 $93.95 billion. At the time of writing, stock’s 50-day Moving Average stood at $78.52, while the 200-day Moving Average is $57.91.

It is quite fundamental to gauge the extent of the productivity of the business which is accounted for 40000 workers. 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

Another important factor to analyze is how key investors are playing towards the stock of the Semiconductors industry. Micron Technology Inc.’s current insider ownership accounts for 0.20%, in contrast to 85.80% institutional ownership. According to the most recent insider trade that took place on Feb 16, this organization’s EVP, Chief Business Officer sold 70,000 shares at the rate of 88.00, making the entire transaction reach 6,160,000 in total value, affecting insider ownership by 15,745. Preceding that transaction, on Feb 16, Company’s SVP, General Counsel&Secretary sold 46,554 for 87.79, making the whole transaction’s value amount to 4,086,976. This particular insider is now the holder of 252,213 in total.

Micron Technology Inc. (MU) Earnings and Revenue Records

If we go through the results of last quarter, which was made public on 11/29/2020, the company posted $0.78 earnings per share (EPS) for the quarter, besting the agreed prediction (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 8.02 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 3.09. Alongside those numbers, its PE Ratio stands at $32.56, and its Beta score is 1.26. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 4.26.

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 8.02 at the market close of one year from today.

Technical Analysis of Micron Technology Inc. (MU)

Through scrutinizing the latest numbers posted by the [Micron Technology Inc., MU], it can be observed that its last 5-days Average volume of 15.5 million was lower the volume of 18.54 million, it posted the year before. During the previous 9 days, stock’s Stochastic %D was recorded 78.54% While, its Average True Range was 3.13.

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Raw Stochastic average of Micron Technology Inc. (MU) in the period of the previous 100 days is set at 88.42%, which indicates a major rise in contrast to 58.42% 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 43.20% that was higher than 37.46% volatility it exhibited in the past 100-days period.

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