Micron Technology Inc. (NASDAQ: MU) started the day on May 17, 2021, with a price increase of 0.87% at $80.39. During the day, the stock rose to $80.42 and sunk to $77.72 before settling in for the price of $79.70 at the close. Taking a more long-term approach, MU posted a 52-week range of $42.25-$96.96.
The Technology Sector giants’ yearly sales growth during the last 5-year period was 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 $87.31 billion. At the time of writing, stock’s 50-day Moving Average stood at $87.67, while the 200-day Moving Average is $69.35.
Let’s gauge the efficiency of the firm, which 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
Now let’s turn our focus to how large-scale investors are working with this stock of the Semiconductors Industry. Micron Technology Inc.’s current insider ownership accounts for 0.10%, in contrast to 86.70% institutional ownership. According to the most recent insider trade that took place on May 11, this organization’s SVP, General Counsel&Secretary sold 4,984 shares at the rate of 79.66, making the entire transaction reach 397,016 in total value, affecting insider ownership by 252,213. Preceding that transaction, on Apr 15, Company’s SVP & Chief Financial Officer sold 8,050 for 90.15, making the whole transaction’s value amount to 725,691. This particular insider is now the holder of 124,924 in total.
Micron Technology Inc. (MU) Earnings and Revenue Records
In the latest quarterly report released, which was put into the public domain on 2/27/2021, the organization reported $0.98 earnings per share (EPS) for the three months, surpassing the consensus estimate (set at $0.95) by $0.03. 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 2.13 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 10.76 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 60.47% 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 2.30. The Stock has managed to achieve an average true range (ATR) of 3.03. Alongside those numbers, its PE Ratio stands at $28.52, and its Beta score is 1.27. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 3.71.
In the same vein, MU’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 2.82, a figure that is expected to reach 1.64 in the next quarter, and analysts are predicting that it will be 10.76 at the market close of one year from today.
Technical Analysis of Micron Technology Inc. (MU)
If we take a close look at the recent performances of Micron Technology Inc. (NASDAQ: MU), its last 5-days Average volume was 20.02 million that shows plunge from its year to date volume of 20.18 million. During the previous 9 days, stock’s Stochastic %D was recorded 26.91% While, its Average True Range was 3.08.
Raw Stochastic average of Micron Technology Inc. (MU) in the period of the previous 100 days is set at 40.44%, which indicates a major rise in contrast to 32.97% 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 41.30% that was lower than 47.91% volatility it exhibited in the past 100-days period.