Micron Technology Inc. (NASDAQ: MU) flaunted slowness of -0.35% at $122.20, before settling in for the price of $122.63 at the close. Taking a more long-term approach, MU posted a 52-week range of $58.03-$130.54.
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The Technology Sector giants’ yearly sales growth during the last 5-year period was -8.12%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 116.68%. This publicly-traded company’s shares outstanding now amounts to $1.11 billion, simultaneously with a float of $1.10 billion. The organization now has a market capitalization sitting at $135.32 billion. At the time of writing, stock’s 50-day Moving Average stood at $97.86, while the 200-day Moving Average is $78.69.
Micron Technology Inc. (MU) Ownership Facts and Figures
Sometimes it is also beneficial to study the sentiment of large-scale investors towards the stock of the Micron Technology Inc. industry. Micron Technology Inc.’s current insider ownership accounts for 0.66%, in contrast to 82.07% institutional ownership. According to the most recent insider trade that took place on Apr 04 ’24, this organization’s CEO and President sold 45,000 shares at the rate of 130.00, making the entire transaction reach 5,850,000 in total value, affecting insider ownership by 728,557. Preceding that transaction, on Apr 02 ’24, Company’s CEO and President sold 7,000 for 122.09, making the whole transaction’s value amount to 854,665. This particular insider is now the holder of 743,557 in total.
Micron Technology Inc. (MU) Earnings and Revenue Records
Going through the last 3-months fiscal report unveiled on the 2/28/2024, it has been observed that the corporation posted $0.42 earnings per share (EPS) during the time that was better the consensus figure (set at -$0.25) by $0.67. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.9 per share during the current fiscal year.
Micron Technology Inc.’s EPS increase for this current 12-month fiscal period is 116.68% and is forecasted to reach 7.57 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 2.40. The Stock has managed to achieve an average true range (ATR) of 5.09. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 7.39.
In the same vein, MU’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -3.45, a figure that is expected to reach 0.45 in the next quarter, and analysts are predicting that it will be 7.57 at the market close of one year from today.
Technical Analysis of Micron Technology Inc. (MU)
Now, what If we examine the latest scores posted by [Micron Technology Inc., MU]. During the last 5-days, its volume was better the volume of 20.22 million it reported in year-ago period. During the previous 9 days, stock’s Stochastic %D was recorded 40.53% While, its Average True Range was 5.44.
Raw Stochastic average of Micron Technology Inc. (MU) in the period of the previous 100 days is set at 85.52%, which indicates a major rise in contrast to 64.48% 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 63.73% that was higher than 40.80% volatility it exhibited in the past 100-days period.
