Micron Technology Inc. (NASDAQ: MU) started the day on December 28, 2021, with a price decrease of -1.58% at $92.94. During the day, the stock rose to $93.89 and sunk to $92.06 before settling in for the price of $94.43 at the close. Taking a more long-term approach, MU posted a 52-week range of $65.67-$96.96.
The Technology sector firm’s twelve-monthly sales growth has been 17.40% for the last half of the decade. Meanwhile, its Annual Earning per share during the time was 84.30%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 116.20%. 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 $99.61 billion. At the time of writing, stock’s 50-day Moving Average stood at $79.07, while the 200-day Moving Average is $79.49.
It is quite necessary to find out the efficiency of the corporate organization, which has 43000 number of employees on its payroll. It has generated 644,302 per worker during the last fiscal year. Meanwhile, its income per employee was 136,302. The stock had 6.01 Receivables turnover and 0.49 Total Asset turnover. For the Profitability, stocks gross margin was +37.52, operating margin was +24.69 and Pretax Margin of +22.44.
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 0.20%, in contrast to 80.40% institutional ownership. According to the most recent insider trade that took place on Dec 22, this organization’s EVP, Technology & Products sold 15,000 shares at the rate of 90.00, making the entire transaction reach 1,350,000 in total value, affecting insider ownership by 186,587. Preceding that transaction, on Dec 20, Company’s SVP, Chief People Officer sold 8,300 for 82.09, making the whole transaction’s value amount to 681,347. This particular insider is now the holder of 94,450 in total.
Micron Technology Inc. (MU) Earnings and Revenue Records
In the latest quarterly report released, which was put into the public domain on 11/29/2021, the organization reported $2.16 earnings per share (EPS) for the three months, surpassing the consensus estimate (set at $2.11) by $0.05. This company achieved a net margin of +21.16 while generating a return on equity of 14.13. Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.16 per share during the current fiscal year.
Micron Technology Inc.’s EPS increase for this current 12-month fiscal period is 116.20% and is forecasted to reach 11.44 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 23.80% through the next 5 years, which can be compared against the 84.30% 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 2.40. The Stock has managed to achieve an average true range (ATR) of 3.38. Alongside those numbers, its PE Ratio stands at $14.37, and its Beta score is 1.14. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 3.36.
In the same vein, MU’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 6.47, a figure that is expected to reach 1.97 in the next quarter, and analysts are predicting that it will be 11.44 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 28.83 million that shows progress from its year to date volume of 19.62 million. During the previous 9 days, stock’s Stochastic %D was recorded 92.41% While, its Average True Range was 3.28.
Raw Stochastic average of Micron Technology Inc. (MU) in the period of the previous 100 days is set at 92.98%, which indicates a major rise in contrast to 85.38% 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 51.09% that was higher than 33.46% volatility it exhibited in the past 100-days period.