Micron Technology Inc. (NASDAQ: MU) started the day on Wednesday, with a price decrease of -2.89% at $109.70, before settling in for the price of $112.96 at the close. Taking a more long-term approach, MU posted a 52-week range of $59.55-$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 $121.48 billion. At the time of writing, stock’s 50-day Moving Average stood at $107.12, while the 200-day Moving Average is $82.53.
Micron Technology Inc. (MU) Ownership Facts and Figures
Now let’s turn our focus to how large-scale investors are working with this stock of the Semiconductors Industry. Micron Technology Inc.’s current insider ownership accounts for 0.66%, in contrast to 82.23% institutional ownership. According to the most recent insider trade that took place on Apr 23 ’24, this organization’s CEO and President sold 7,000 shares at the rate of 111.93, making the entire transaction reach 783,540 in total value, affecting insider ownership by 719,049. Preceding that transaction, on Apr 16 ’24, Company’s CEO and President sold 7,000 for 120.70, making the whole transaction’s value amount to 844,920. This particular insider is now the holder of 719,049 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 4.75. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 6.63.
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)
If we take a close look at the recent performances of Micron Technology Inc. (NASDAQ: MU), its last 5-days Average volume was 16.98 million that shows plunge from its year to date volume of 20.38 million. During the previous 9 days, stock’s Stochastic %D was recorded 48.25% While, its Average True Range was 4.64.
Raw Stochastic average of Micron Technology Inc. (MU) in the period of the previous 100 days is set at 63.78%, which indicates a major rise in contrast to 19.63% 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 40.03% that was lower than 44.05% volatility it exhibited in the past 100-days period.
