Micron Technology Inc (NASDAQ: MU) kicked off on Monday, down -0.44% from the previous trading day, before settling in for the closing price of $90.12. Over the past 52 weeks, MU has traded in a range of $79.15-$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 478.26%. With a float of $1.11 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 30.92%, operating margin of 14.97%, and the pretax margin is 13.69%.
Micron Technology Inc (MU) Insider and Institutional Ownership
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 0.40%, while institutional ownership is 77.75%. The most recent insider transaction that took place on Dec 20 ’24, was worth 416,464. Before that another transaction happened on Oct 21 ’24, when Company’s SVP, Worldwide Sales sold 10,000 for $109.03, making the entire transaction worth $1,090,300. This insider now owns 179,032 shares in total.
Micron Technology Inc (MU) Latest Financial update
Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.34 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 478.26% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 15.05% 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 1.75. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.44. Likewise, its price to free cash flow for the trailing twelve months is 180.44.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.46, a number that is poised to hit 1.48 in the next quarter and is forecasted to reach 11.46 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 53.17 million. That was better 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 17.94%. Additionally, its Average True Range was 5.54.
During the past 100 days, Micron Technology Inc’s (MU) raw stochastic average was set at 19.77%, which indicates a significant decrease from 21.68% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 90.26% in the past 14 days, which was higher than the 58.80% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $102.98, while its 200-day Moving Average is $110.77. However, in the short run, Micron Technology Inc’s stock first resistance to watch stands at $91.08. Second resistance stands at $92.44. The third major resistance level sits at $93.78. If the price goes on to break the first support level at $88.38, it is likely to go to the next support level at $87.04. The third support level lies at $85.68 if the price breaches the second support level.
Micron Technology Inc (NASDAQ: MU) Key Stats
The company with the Market Capitalisation of 99.96 billion has total of 1,114,172K 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.
