Micron Technology Inc. (NASDAQ: MU) kicked off on Monday, down -4.43% from the previous trading daybefore settling in for the closing price of $91.22. Over the past 52 weeks, MU has traded in a range of $63.83-$157.54.
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
During the last 5-year period, the sales drop of Technology Sector giant was -4.41%. While this was happening, its average annual earnings per share was recorded 127.56%. With a float of $1.10 billion, this company’s outstanding shares have now reached $1.11 billion.
Let’s determine the extent of company efficiency that accounts for 43000 employees. In terms of profitability, gross margin is 11.42%, operating margin of -9.09%, and the pretax margin is -8.09%.
Micron Technology Inc. (MU) Insider Activity
Our next focus will be how large-scale investors are participating in this stock of the Semiconductors Industry. The insider ownership of Micron Technology Inc. is 0.38%, while institutional ownership is 80.17%. The most recent insider transaction that took place on Jun 27 ’24, was worth 664,355. In this transaction EVP and Chief People Officer of this company sold 4,890 shares at a rate of $135.86, taking the stock ownership to the 142,321 shares. Before that another transaction happened on Jun 18 ’24, when Company’s CEO and President sold 34,284 for $152.28, making the entire transaction worth $5,220,619. This insider now owns 719,049 shares in total.
Micron Technology Inc. (MU) Earnings and Forecasts
In the latest quarterly report, which was put into the public domain on 5/31/2024, the organization reported -1.07 earnings per share (EPS), higher than consensus estimate (set at -1.18) by 0.11. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.55 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 127.56% per share during the next fiscal year.
Micron Technology Inc. (NASDAQ: MU) Trading Performance Indicators
Take a look at Micron Technology Inc.’s (MU) current performance indicators. Last quarter, stock had a quick ratio of 2.16. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.52.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.42, a number that is poised to hit 1.11 in the next quarter and is forecasted to reach 9.47 in one year’s time.
Technical Analysis of Micron Technology Inc. (MU)
Looking closely at Micron Technology Inc. (NASDAQ: MU), its last 5-days average volume was 23.33 million, which is a jump from its year-to-date volume of 21.38 million. As of the previous 9 days, the stock’s Stochastic %D was 45.33%. Additionally, its Average True Range was 4.55.
During the past 100 days, Micron Technology Inc.’s (MU) raw stochastic average was set at 4.17%, which indicates a significant decrease from 21.29% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 52.71% in the past 14 days, which was higher than the 50.55% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $104.00, while its 200-day Moving Average is $104.75. However, in the short run, Micron Technology Inc.’s stock first resistance to watch stands at $88.31. Second resistance stands at $89.43. The third major resistance level sits at $90.63. If the price goes on to break the first support level at $85.99, it is likely to go to the next support level at $84.79. Should the price break the second support level, the third support level stands at $83.67.
Micron Technology Inc. (NASDAQ: MU) Key Stats
The company with the Market Capitalisation of 96.67 billion has total of 1,108,841K Shares Outstanding. Its annual sales at the moment are 15,540 M in contrast with the sum of -5,833 M annual income. Company’s last quarter sales were recorded 6,811 M and last quarter income was 332,000 K.
