Micron Technology Inc. (NASDAQ: MU) on Friday, plunged -4.61% from the previous trading day, before settling in for the closing price of $111.93. Within the past 52 weeks, MU’s price has moved between $58.03 and $130.54.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
Technology Sector giant saw their annual sales slid by -8.12% over the last five years. The company achieved an average annual earnings per share of 117.79%. With a float of $1.10 billion, this company’s outstanding shares have now reached $1.11 billion.
The firm has a total of 43000 workers. Let’s measure their productivity.
Micron Technology Inc. (MU) Breakdown of a Key Holders of the stock
Observing investor behavior towards Semiconductors industry stocks is more important than anything else. The insider ownership of Micron Technology Inc. is 0.66%, while institutional ownership is 82.03%. The most recent insider transaction that took place on Apr 16 ’24, was worth 844,920. In this transaction CEO and President of this company sold 7,000 shares at a rate of $120.70, taking the stock ownership to the 719,049 shares. Before that another transaction happened on Apr 09 ’24, when Company’s CEO and President sold 7,000 for $122.60, making the entire transaction worth $858,171. This insider now owns 728,557 shares in total.
Micron Technology Inc. (MU) Recent Fiscal highlights
According to the Wall Street analysts, stocks earnings will be around 117.79% per share during the next fiscal year.
Micron Technology Inc. (NASDAQ: MU) Trading Performance Indicators
Micron Technology Inc. (MU) is currently performing well based on its current performance indicators. A quick ratio of 2.40 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 6.46.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -3.45, a number that is poised to hit 0.47 in the next quarter and is forecasted to reach 7.65 in one year’s time.
Technical Analysis of Micron Technology Inc. (MU)
Analysing the last 5-days average volume posted by the [Micron Technology Inc., MU], we can find that recorded value of 25.33 million was better than the volume posted last year of 20.64 million. As of the previous 9 days, the stock’s Stochastic %D was 2.75%. Additionally, its Average True Range was 5.38.
During the past 100 days, Micron Technology Inc.’s (MU) raw stochastic average was set at 58.74%, which indicates a significant increase from 4.23% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 43.14% in the past 14 days, which was lower than the 43.60% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $102.41, while its 200-day Moving Average is $80.57. Now, the first resistance to watch is $109.86. This is followed by the second major resistance level at $112.95. The third major resistance level sits at $115.02. If the price goes on to break the first support level at $104.70, it is likely to go to the next support level at $102.63. Now, if the price goes above the second support level, the third support stands at $99.54.
Micron Technology Inc. (NASDAQ: MU) Key Stats
Market capitalization of the company is 118.23 billion based on 1,107,368K outstanding shares. Right now, sales total 15,540 M and income totals -5,833 M. The company made 5,824 M in profit during its latest quarter, and 793,000 K in sales during its previous quarter.
