Witnessing the stock’s movement on the chart, on Wednesday, Micron Technology Inc. (NASDAQ: MU) set off with pace as it heaved 2.79% to $136.29, before settling in for the price of $132.59 at the close. Taking a more long-term approach, MU posted a 52-week range of $60.50-$157.54.
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The Technology sector firm’s twelve-monthly sales growth has been -8.12% for the last half of the decade. Nevertheless, stock’s Earnings Per Share (EPS) this year is 127.56%. 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 $151.12 billion. At the time of writing, stock’s 50-day Moving Average stood at $128.24, while the 200-day Moving Average is $96.13.
Micron Technology Inc. (MU) Ownership Facts and Figures
Nothing is more important than checking the behaviour of major investors towards the stock of the Semiconductors industry. Micron Technology Inc.’s current insider ownership accounts for 0.49%, in contrast to 81.96% institutional ownership. According to the most recent insider trade that took place on Jun 27 ’24, this organization’s EVP and Chief People Officer sold 4,890 shares at the rate of 135.86, making the entire transaction reach 664,355 in total value, affecting insider ownership by 142,321. Preceding that transaction, on Jun 18 ’24, Company’s CEO and President sold 34,284 for 152.28, making the whole transaction’s value amount to 5,220,619. 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 127.56% and is forecasted to reach 9.64 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 2.16. The Stock has managed to achieve an average true range (ATR) of 5.57. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 7.07.
In the same vein, MU’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -1.42, a figure that is expected to reach 1.11 in the next quarter, and analysts are predicting that it will be 9.64 at the market close of one year from today.
Technical Analysis of Micron Technology Inc. (MU)
Going through the that latest performance of [Micron Technology Inc., MU]. Its last 5-days volume of 33.27 million indicated improvement to the volume of 20.72 million it revealed a year ago. During the previous 9 days, stock’s Stochastic %D was recorded 29.52% While, its Average True Range was 5.68.
Raw Stochastic average of Micron Technology Inc. (MU) in the period of the previous 100 days is set at 73.57%, which indicates a major rise in contrast to 31.56% 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 52.93% that was higher than 47.21% volatility it exhibited in the past 100-days period.
