Micron Technology Inc. [MU] gain 45.22% so far this year. What now?

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Micron Technology Inc. [NASDAQ: MU] price surged by 3.04 percent to reach at $2.14. The company report on November 2, 2023 at 4:01 PM that Micron Technology Announces Upcoming Investor Events.

Live webcasts and subsequent replays of presentations can be accessed from Micron’s Investor Relations website at investors.micron.com.

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A sum of 14454347 shares traded at recent session while its average daily volume was at 13.04M shares. Micron Technology Inc. shares reached a high of $73.19 and dropped to a low of $71.15 until finishing in the latest session at $72.58.

The one-year MU stock forecast points to a potential upside of 10.17. The average equity rating for MU stock is currently 1.77, trading closer to a bullish pattern in the stock market.

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Guru’s Opinion on Micron Technology Inc. [MU]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MU shares is $80.80 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MU stock is a recommendation set at 1.77. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Needham have made an estimate for Micron Technology Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on September 28, 2023.

The Average True Range (ATR) for Micron Technology Inc. is set at 2.09, with the Price to Sales ratio for MU stock in the period of the last 12 months amounting to 5.13. The Price to Book ratio for the last quarter was 1.81, with the Price to Cash per share for the same quarter was set at 8.74.

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MU Stock Performance Analysis:

Micron Technology Inc. [MU] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 10.56. With this latest performance, MU shares gained by 5.11% in over the last four-week period, additionally plugging by 18.54% over the last 6 months – not to mention a rise of 35.79% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MU stock in for the last two-week period is set at 65.42, with the RSI for the last a single of trading hit 72.22, and the three-weeks RSI is set at 61.33 for Micron Technology Inc. [MU]. The present Moving Average for the last 50 days of trading for this stock 68.66, while it was recorded at 69.07 for the last single week of trading, and 64.38 for the last 200 days.

Insight into Micron Technology Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Micron Technology Inc. [MU] shares currently have an operating margin of -33.39 and a Gross Margin at -7.43. Micron Technology Inc.’s Net Margin is presently recorded at -37.54.

Return on Total Capital for MU is now -8.98, given the latest momentum, and Return on Invested Capital for the company is -10.14. Return on Equity for this stock declined to -12.41, with Return on Assets sitting at -8.94. When it comes to the capital structure of this company, Micron Technology Inc. [MU] has a Total Debt to Total Equity ratio set at 31.73. Additionally, MU Total Debt to Total Capital is recorded at 24.09, with Total Debt to Total Assets ending up at 21.79. Long-Term Debt to Equity for the company is recorded at 30.95, with the Long-Term Debt to Total Capital now at 23.49.

Reflecting on the efficiency of the workforce at the company, Micron Technology Inc. [MU] managed to generate an average of -$135,651 per employee. Receivables Turnover for the company is 4.10 with a Total Asset Turnover recorded at a value of 0.24.Micron Technology Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.70 and a Current Ratio set at 4.46.

MU Stock EPS

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for MU. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Micron Technology Inc. go to -2.62%.

Micron Technology Inc. [MU] Institutonal Ownership Details

The top three institutional holders of MU stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2579%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $201.66 billion in MU stocks shares; and BERKSHIRE HATHAWAY INC, currently with $177.59 billion in MU stock with ownership which is approximately 5.7994%.

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