As on Wednesday, Micron Technology Inc. (NASDAQ: MU) started slowly as it slid -4.47% to $116.33, before settling in for the price of $121.77 at the close. Taking a more long-term approach, MU posted a 52-week range of $58.03-$130.54.
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In the past 5-years timespan, the Technology sector firm’s annual sales growth was -8.12%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 116.91%. 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 $128.82 billion. At the time of writing, stock’s 50-day Moving Average stood at $101.43, while the 200-day Moving Average is $80.11.
Micron Technology Inc. (MU) Ownership Facts and Figures
Another important factor to analyze is how key investors are playing towards the stock of the Semiconductors industry. Micron Technology Inc.’s current insider ownership accounts for 0.66%, in contrast to 82.02% institutional ownership. According to the most recent insider trade that took place on Apr 16 ’24, this organization’s CEO and President sold 7,000 shares at the rate of 120.70, making the entire transaction reach 844,920 in total value, affecting insider ownership by 719,049. Preceding that transaction, on Apr 09 ’24, Company’s CEO and President sold 7,000 for 122.60, making the whole transaction’s value amount to 858,171. This particular insider is now the holder of 728,557 in total.
Micron Technology Inc. (MU) Earnings and Revenue Records
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.11 per share during the current fiscal year.
Micron Technology Inc.’s EPS increase for this current 12-month fiscal period is 116.91% and is forecasted to reach 7.59 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 5.25. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 7.03.
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 0.46 in the next quarter, and analysts are predicting that it will be 7.59 at the market close of one year from today.
Technical Analysis of Micron Technology Inc. (MU)
Through scrutinizing the latest numbers posted by the [Micron Technology Inc., MU], it can be observed that its last 5-days Average volume of 21.46 million was better the volume of 20.3 million, it posted the year before. During the previous 9 days, stock’s Stochastic %D was recorded 14.17% While, its Average True Range was 5.54.
Raw Stochastic average of Micron Technology Inc. (MU) in the period of the previous 100 days is set at 75.33%, which indicates a major rise in contrast to 0.91% 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 45.34% that was higher than 42.32% volatility it exhibited in the past 100-days period.
