A new trading day began on Friday, with Micron Technology Inc (NASDAQ: MU) stock price up 0.30% from the previous day of trading, before settling in for the closing price of $100.87. MU’s price has ranged from $72.93 to $157.54 over the past 52 weeks.
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Technology Sector giant saw their annual sales surged by 8.79% over the last five years. Meanwhile, its annual earnings per share averaged 592.36%. With a float of $1.11 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) Insider Activity
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 0.41%, while institutional ownership is 77.76%. 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) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.97 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 592.36% 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
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 4.50. Likewise, its price to free cash flow for the trailing twelve months is 934.24.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.67, a number that is poised to hit 1.76 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 16.43 million was lower than the volume posted last year of 21.35 million. As of the previous 9 days, the stock’s Stochastic %D was 54.82%. Additionally, its Average True Range was 3.59.
During the past 100 days, Micron Technology Inc’s (MU) raw stochastic average was set at 45.44%, which indicates a significant decrease from 51.89% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 32.94% in the past 14 days, which was lower than the 52.55% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $103.85, while its 200-day Moving Average is $110.43. Now, the first resistance to watch is $102.23. This is followed by the second major resistance level at $103.29. The third major resistance level sits at $104.39. If the price goes on to break the first support level at $100.07, it is likely to go to the next support level at $98.97. Should the price break the second support level, the third support level stands at $97.91.
Micron Technology Inc (NASDAQ: MU) Key Stats
With a market capitalization of 113.04 billion, the company has a total of 1,114,043K 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.
