A new trading day began on Monday, with Micron Technology Inc. (NASDAQ: MU) stock price up 0.65% from the previous day of trading, before settling in for the closing price of $102.25. MU’s price has ranged from $63.88 to $157.54 over the past 52 weeks.
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During the last 5-year period, the sales growth of Technology Sector giant was 8.79%. Meanwhile, its annual earnings per share averaged 585.43%. 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 48000 employees. In terms of profitability, gross margin is 22.35%, operating margin of 4.19%, and the pretax margin is -0.02%.
Micron Technology Inc. (MU) Breakdown of a Key Holders of the stock
As we move forward, let’s examine how large-scale investors are investing in this stock of the Semiconductors Industry. The insider ownership of Micron Technology Inc. is 0.38%, while institutional ownership is 80.05%. The most recent insider transaction that took place on Sep 26 ’24, was worth 552,570. In this transaction EVP and Chief People Officer of this company sold 4,890 shares at a rate of $113.00, taking the stock ownership to the 135,830 shares. Before that another transaction happened on Sep 26 ’24, when Company’s Officer proposed sale 4,890 for $113.00, making the entire transaction worth $552,570.
Micron Technology Inc. (MU) Recent Fiscal highlights
According to the Wall Street analysts, stocks earnings will be around 585.43% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 68.50% during the next five years compared to -33.89% drop over the previous five years of trading.
Micron Technology Inc. (NASDAQ: MU) Trading Performance Indicators
Here are Micron Technology Inc.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.68. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.54. Likewise, its price to free cash flow for the trailing twelve months is 943.06.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.67, a number that is poised to hit 1.73 in the next quarter and is forecasted to reach 12.63 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 25.3 million, which is a jump from its year-to-date volume of 22.36 million. As of the previous 9 days, the stock’s Stochastic %D was 42.56%. Additionally, its Average True Range was 4.44.
During the past 100 days, Micron Technology Inc.’s (MU) raw stochastic average was set at 25.59%, which indicates a significant decrease from 57.67% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 63.87% in the past 14 days, which was higher than the 54.98% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $96.79, while its 200-day Moving Average is $106.28. However, in the short run, Micron Technology Inc.’s stock first resistance to watch stands at $104.73. Second resistance stands at $106.55. The third major resistance level sits at $108.52. If the price goes on to break the first support level at $100.95, it is likely to go to the next support level at $98.99. Now, if the price goes above the second support level, the third support stands at $97.17.
Micron Technology Inc. (NASDAQ: MU) Key Stats
With a market capitalization of 114.11 billion, the company has a total of 1,108,841K Shares Outstanding. Currently, annual sales are 25,111 M while annual income is 778,000 K. The company’s previous quarter sales were 7,750 M while its latest quarter income was 887,000 K.
