Micron Technology Inc. (NASDAQ: MU) open the trading on Wednesday, with a bit cautious approach as it glided -0.60% to $111.78, before settling in for the price of $112.46 at the close. Taking a more long-term approach, MU posted a 52-week range of $58.03-$130.54.
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It was noted that the giant of the Technology sector posted annual sales growth of -8.12% over the last 5 years. Nevertheless, stock’s Earnings Per Share (EPS) this year is 117.79%. 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 $123.78 billion. At the time of writing, stock’s 50-day Moving Average stood at $103.96, while the 200-day Moving Average is $81.32.
Micron Technology Inc. (MU) Ownership Facts and Figures
Sometimes it helps to make our mind if we keep our tabs on how bigger investors are working with the stock of the Semiconductors industry. Micron Technology Inc.’s current insider ownership accounts for 0.66%, in contrast to 82.14% 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
Micron Technology Inc.’s EPS increase for this current 12-month fiscal period is 117.79% and is forecasted to reach 7.65 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 5.13. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 6.76.
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 0.47 in the next quarter, and analysts are predicting that it will be 7.65 at the market close of one year from today.
Technical Analysis of Micron Technology Inc. (MU)
[Micron Technology Inc., MU] recent stats showed that its last 5-days Average volume was superior the volume it posted in the year-ago period. During the previous 9 days, stock’s Stochastic %D was recorded 25.44% While, its Average True Range was 5.22.
Raw Stochastic average of Micron Technology Inc. (MU) in the period of the previous 100 days is set at 67.43%, which indicates a major rise in contrast to 25.27% 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 42.18% that was lower than 43.78% volatility it exhibited in the past 100-days period.
