A new trading day began on Friday, with Micron Technology Inc. (NASDAQ: MU) stock price down -3.91% from the previous day of trading, before settling in for the closing price of $127.51. MU’s price has ranged from $58.03 to $130.54 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Technology sector saw sales slided by -8.12%. Meanwhile, its annual earnings per share averaged 116.68%. With a float of $1.10 billion, this company’s outstanding shares have now reached $1.11 billion.
The extent of productivity of a business whose workforce counts for 43000 workers is very important to gauge.
Micron Technology Inc. (MU) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Semiconductors Industry. The insider ownership of Micron Technology Inc. is 0.66%, while institutional ownership is 82.04%. The most recent insider transaction that took place on Apr 09 ’24, was worth 858,171. In this transaction CEO and President of this company sold 7,000 shares at a rate of $122.60, taking the stock ownership to the 728,557 shares. Before that another transaction happened on Apr 04 ’24, when Company’s CEO and President sold 45,000 for $130.00, making the entire transaction worth $5,850,000. This insider now owns 728,557 shares in total.
Micron Technology Inc. (MU) Latest Financial update
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.11 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 116.68% per share during the next fiscal year.
Micron Technology Inc. (NASDAQ: MU) Trading Performance Indicators
Here are Micron Technology Inc.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 2.40. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 7.41.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -3.45, a number that is poised to hit 0.45 in the next quarter and is forecasted to reach 7.57 in one year’s time.
Technical Analysis of Micron Technology Inc. (MU)
The latest stats from [Micron Technology Inc., MU] show that its last 5-days average volume of 23.2 million was superior to 20.31 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 44.96%. Additionally, its Average True Range was 5.16.
During the past 100 days, Micron Technology Inc.’s (MU) raw stochastic average was set at 86.07%, which indicates a significant increase from 60.64% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 47.01% in the past 14 days, which was higher than the 41.80% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $99.42, while its 200-day Moving Average is $79.28. Now, the first resistance to watch is $125.06. This is followed by the second major resistance level at $127.61. The third major resistance level sits at $129.22. If the price goes on to break the first support level at $120.90, it is likely to go to the next support level at $119.29. The third support level lies at $116.74 if the price breaches the second support level.
Micron Technology Inc. (NASDAQ: MU) Key Stats
With a market capitalization of 135.67 billion, the company has a total of 1,107,368K Shares Outstanding. Currently, annual sales are 15,540 M while annual income is -5,833 M. The company’s previous quarter sales were 5,824 M while its latest quarter income was 793,000 K.
