Micron Technology Inc. (MU) ticks all the boxes for top investors with its surprise performance of 2.77% last month.

Micron Technology Inc. (NASDAQ: MU) kicked off on Monday, up 0.16% from the previous trading day, before settling in for the closing price of $85.56. Over the past 52 weeks, MU has traded in a range of $52.76-$90.04.

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Annual sales at Technology sector company slipped by -8.12% over the past five years. While this was happening, its average annual earnings per share was recorded 86.43%. With a float of $1.10 billion, this company’s outstanding shares have now reached $1.10 billion.

Let’s look at the performance matrix of the company that is accounted for Dec 29 2023 employees.

Micron Technology Inc. (MU) Insider and Institutional Ownership

Our next focus will be how large-scale investors are participating in this stock of the Semiconductors Industry. The insider ownership of Micron Technology Inc. is 0.67%, while institutional ownership is 81.07%. The most recent insider transaction that took place on Feb 06, was worth 593,874. In this transaction CEO and President of this company sold 7,000 shares at a rate of $84.84, taking the stock ownership to the 788,557 shares. Before that another transaction happened on Jan 30, when Company’s CEO and President sold 7,000 for $87.02, making the entire transaction worth $609,163. This insider now owns 788,557 shares in total.

Micron Technology Inc. (MU) Latest Financial update

In the latest quarterly report, which was put into the public domain on 11/29/2023, the organization reported -$0.95 earnings per share (EPS), higher than consensus estimate (set at -$0.97) by $0.02. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.13 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 86.43% per share during the next fiscal year.

Micron Technology Inc. (NASDAQ: MU) Trading Performance Indicators

Take a look at Micron Technology Inc.’s (MU) current performance indicators. Last quarter, stock had a quick ratio of 2.14. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.85.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -6.28, a number that is poised to hit -0.28 in the next quarter and is forecasted to reach 6.52 in one year’s time.

Technical Analysis of Micron Technology Inc. (MU)

Micron Technology Inc. (NASDAQ: MU) saw its 5-day average volume 12.88 million, a negative change from its year-to-date volume of 13.46 million. As of the previous 9 days, the stock’s Stochastic %D was 50.28%. Additionally, its Average True Range was 2.13.

During the past 100 days, Micron Technology Inc.’s (MU) raw stochastic average was set at 83.43%, which indicates a significant increase from 42.64% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 21.72% in the past 14 days, which was lower than the 29.88% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $83.12, while its 200-day Moving Average is $71.64. Nevertheless, the first resistance level for the watch stands at $86.61 in the near term. At $87.51, the stock is likely to face the second major resistance level. The third major resistance level sits at $88.12. If the price goes on to break the first support level at $85.09, it is likely to go to the next support level at $84.48. The third support level lies at $83.58 if the price breaches the second support level.

Micron Technology Inc. (NASDAQ: MU) Key Stats

The company with the Market Capitalisation of 94.61 billion has total of 1,103,909K Shares Outstanding. Its annual sales at the moment are 15,540 M in contrast with the sum of -5,833 M annual income. Company’s last quarter sales were recorded 4,726 M and last quarter income was -1,234 M.