Micron Technology Inc. [NASDAQ: MU] closed the trading session at $133.55.
The stocks have a year to date performance of 56.49 percent and weekly performance of 1.48 percent. The stock has been moved at 62.11 percent over the last six months. The stock has performed -1.13 percent around the most recent 30 days and changed 4.74 percent over the most recent 3-months.
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If compared to the average trading volume of 21.54M shares, MU reached to a volume of 20195825 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about 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 $176.47 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 1.42. 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.
TD Cowen have made an estimate for Micron Technology Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on June 27, 2024. While these analysts kept the previous recommendation, Needham raised their target price from $120 to $150. The new note on the price target was released on June 27, 2024, representing the official price target for Micron Technology Inc. stock. Previously, the target price had yet another raise from $130 to $170, while Wedbush kept a Outperform rating on MU stock. On June 18, 2024, analysts increased their price target for MU shares from 140 to 165.
The Average True Range (ATR) for Micron Technology Inc. is set at 5.36, with the Price to Sales ratio for MU stock in the period of the last 12 months amounting to 6.93. The Price to Book ratio for the last quarter was 3.35, with the Price to Cash per share for the same quarter was set at 7.56.
MU stock trade performance evaluation
Micron Technology Inc. [MU] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.48. With this latest performance, MU shares dropped by -1.13% in over the last four-week period, additionally plugging by 62.11% over the last 6 months – not to mention a rise of 109.36% 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 49.74, with the RSI for the last a single of trading hit 48.64, and the three-weeks RSI is set at 51.30 for Micron Technology Inc. [MU]. The present Moving Average for the last 50 days of trading for this stock 130.56, while it was recorded at 132.40 for the last single week of trading, and 98.02 for the last 200 days.
Micron Technology Inc. [MU]: An insightful look at the core fundamentals
Micron Technology Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.16 and a Current Ratio set at 3.41.
Earnings per share (EPS) analysis for Micron Technology Inc. [MU] stock
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]: Institutional Ownership
The top three institutional holders of MU stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in MU stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in MU stock with ownership which is approximately 5.1238%.
