Micron Technology Inc. (NASDAQ: MU) open the trading on November 23, 2022, with great promise as it jumped 0.53% to $58.93. During the day, the stock rose to $59.06 and sunk to $57.75 before settling in for the price of $58.62 at the close. Taking a more long-term approach, MU posted a 52-week range of $48.45-$98.45.
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The company of the Technology sector’s yearbook sales growth during the past 5- year span was recorded 8.60%. Meanwhile, its Annual Earning per share during the time was 11.90%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 50.70%. This publicly-traded company’s shares outstanding now amounts to $1.10 billion, simultaneously with a float of $1.08 billion. The organization now has a market capitalization sitting at $64.24 billion. At the time of writing, stock’s 50-day Moving Average stood at $54.51, while the 200-day Moving Average is $65.21.
It is imperative to bring your focus towards the efficiency factor of the conglomerate that has a total of 48000 employees. For the Profitability, stocks gross margin was +45.36, operating margin was +31.76 and Pretax Margin of +31.12.
Micron Technology Inc. (MU) Ownership Facts and Figures
Sometimes it helps to make our mind if we keep our tabs on how bigger investors are working with the stock of the Semiconductors industry. Micron Technology Inc.’s current insider ownership accounts for 0.20%, in contrast to 82.80% institutional ownership. According to the most recent insider trade that took place on Aug 16, this organization’s SVP, Worldwide Sales sold 16,600 shares at the rate of 63.82, making the entire transaction reach 1,059,450 in total value, affecting insider ownership by 119,126. Preceding that transaction, on Mar 24, Company’s SVP, Chief People Officer sold 5,600 for 76.00, making the whole transaction’s value amount to 425,600. This particular insider is now the holder of 89,172 in total.
Micron Technology Inc. (MU) Earnings and Revenue Records
So, what does the last quarter earnings report of the company that was made public on 8/30/2022 suggests? It has posted $1.45 earnings per share (EPS) beating the forecaster’s viewpoint (set at $1.3) by $0.15. This company achieved a net margin of +28.24 while generating a return on equity of 18.51. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.14 per share during the current fiscal year.
Micron Technology Inc.’s EPS increase for this current 12-month fiscal period is 50.70% and is forecasted to reach 3.56 in the upcoming year.
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 2.00. The Stock has managed to achieve an average true range (ATR) of 2.36. Alongside those numbers, its PE Ratio stands at $7.62, and its Beta score is 1.28. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 2.09. Similarly, its price to free cash flow for trailing twelve months is now 24.21.
In the same vein, MU’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 7.73, a figure that is expected to reach 0.03 in the next quarter, and analysts are predicting that it will be 3.56 at the market close of one year from today.
Technical Analysis of Micron Technology Inc. (MU)
[Micron Technology Inc., MU] recent stats showed that its last 5-days Average volume was poorer than the volume it posted in the year-ago period. During the previous 9 days, stock’s Stochastic %D was recorded 25.20% While, its Average True Range was 2.31.