Micron Technology Inc (NASDAQ: MU) kicked off on Monday, up 2.01% from the previous trading day, before settling in for the closing price of $99.73. Over the past 52 weeks, MU has traded in a range of $69.75-$157.54.
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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. While this was happening, its average annual earnings per share was recorded 591.28%. 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
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 0.44%, while institutional ownership is 80.21%. 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
In the latest quarterly report, which was put into the public domain on 8/31/2024, the organization reported -0.95 earnings per share (EPS), higher than consensus estimate (set at -0.97) by 0.02. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.95 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 591.28% 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
Take a look at Micron Technology Inc’s (MU) current performance indicators. Last quarter, 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 4.50. Likewise, its price to free cash flow for the trailing twelve months is 932.92.
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 12.83 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 15.74 million. That was inferior than the volume of 21.89 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 11.83%. Additionally, its Average True Range was 3.68.
During the past 100 days, Micron Technology Inc’s (MU) raw stochastic average was set at 23.99%, which indicates a significant increase from 17.65% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 39.33% in the past 14 days, which was lower than the 54.76% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $99.05, while its 200-day Moving Average is $108.46. However, in the short run, Micron Technology Inc’s stock first resistance to watch stands at $103.34. Second resistance stands at $104.96. The third major resistance level sits at $106.13. If the price goes on to break the first support level at $100.56, it is likely to go to the next support level at $99.39. Assuming the price breaks the second support level, the third support level stands at $97.77.
Micron Technology Inc (NASDAQ: MU) Key Stats
The company with the Market Capitalisation of 112.88 billion has total of 1,108,743K Shares Outstanding. Its annual sales at the moment are 25,111 M in contrast with the sum of 778,000 K annual income. Company’s last quarter sales were recorded 7,750 M and last quarter income was 887,000 K.
