On Monday, Micron Technology Inc (NASDAQ: MU) was -2.90% drop from the session before settling in for the closing price of $111.90. A 52-week range for MU has been $72.93 – $157.54.
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Technology Sector giant saw their annual sales surged by 8.79% over the last five years. When this article was written, the company’s average yearly earnings per share was at 591.28%. With a float of $1.10 billion, this company’s outstanding shares have now reached $1.11 billion.
The firm has a total of 48000 workers. Let’s measure their productivity. 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) Breakdown of a Key Holders of the stock
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Micron Technology Inc stocks. The insider ownership of Micron Technology Inc is 0.43%, while institutional ownership is 80.81%. 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) Recent Fiscal highlights
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
You can see what Micron Technology Inc (MU) is doing with its current performance indicators. In the most recent 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 4.73. Likewise, its price to free cash flow for the trailing twelve months is 982.32.
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)
Analysing the last 5-days average volume posted by the [Micron Technology Inc, MU], we can find that recorded value of 14.69 million was lower than the volume posted last year of 21.72 million. As of the previous 9 days, the stock’s Stochastic %D was 81.37%. Additionally, its Average True Range was 3.91.
During the past 100 days, Micron Technology Inc’s (MU) raw stochastic average was set at 40.92%, which indicates a significant decrease from 62.90% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 45.07% in the past 14 days, which was lower than the 54.42% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $100.41, while its 200-day Moving Average is $109.00. Now, the first resistance to watch is $111.18. This is followed by the second major resistance level at $113.72. The third major resistance level sits at $115.92. If the price goes on to break the first support level at $106.44, it is likely to go to the next support level at $104.24. Now, if the price goes above the second support level, the third support stands at $101.70.
Micron Technology Inc (NASDAQ: MU) Key Stats
There are 1,108,743K outstanding shares of the company, which has a market capitalization of 118.86 billion. As of now, sales total 25,111 M while income totals 778,000 K. Its latest quarter income was 7,750 M while its last quarter net income were 887,000 K.
