On Monday, Micron Technology Inc. (NASDAQ: MU) opened lower -1.41% from the last session, before settling in for the closing price of $107.91. Price fluctuations for MU have ranged from $63.88 to $157.54 over the past 52 weeks.
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A company in the Technology sector has jumped its sales by 8.79% annually for the last half of the decade. Company’s average yearly earnings per share was noted 590.89% at the time writing. With a float of $1.10 billion, this company’s outstanding shares have now reached $1.11 billion.
In an organization with 48000 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 22.35%, operating margin of 4.19%, and the pretax margin is 4.94%.
Micron Technology Inc. (MU) Insider Updates
A key investor’s attitude towards the stock of the Semiconductors industry is another important factor to consider. The insider ownership of Micron Technology Inc. is 0.44%, while institutional ownership is 79.95%. The most recent insider transaction that took place on Oct 21 ’24, was worth 1,090,300. In this transaction SVP, Worldwide Sales of this company sold 10,000 shares at a rate of $109.03, taking the stock ownership to the 179,032 shares. Before that another transaction happened on Oct 21 ’24, when Company’s Officer proposed sale 10,000 for $109.03, making the entire transaction worth $1,090,310.
Micron Technology Inc. (MU) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around 590.89% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 17.10% 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
Check out the current performance indicators for Micron Technology Inc. (MU). In the past quarter, the stock posted a quick ratio of 1.68. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.70. Likewise, its price to free cash flow for the trailing twelve months is 974.87.
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 12.82 in one year’s time.
Technical Analysis of Micron Technology Inc. (MU)
Let’s dig in a bit further. During the last 5-days, its volume was 13.36 million. That was inferior than the volume of 22.03 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 36.20%. Additionally, its Average True Range was 3.73.
During the past 100 days, Micron Technology Inc.’s (MU) raw stochastic average was set at 30.33%, which indicates a significant decrease from 43.91% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 37.38% in the past 14 days, which was lower than the 54.72% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $99.43, while its 200-day Moving Average is $108.00. However, in the short run, Micron Technology Inc.’s stock first resistance to watch stands at $107.61. Second resistance stands at $108.82. The third major resistance level sits at $109.47. If the price goes on to break the first support level at $105.75, it is likely to go to the next support level at $105.10. Assuming the price breaks the second support level, the third support level stands at $103.89.
Micron Technology Inc. (NASDAQ: MU) Key Stats
There are currently 1,108,841K shares outstanding in the company with a market cap of 117.96 billion. Presently, the company’s annual sales total 25,111 M according to its annual income of 778,000 K. Last quarter, the company’s sales amounted to 7,750 M and its income totaled 887,000 K.
