Micron Technology Inc [NASDAQ: MU] plunged by -$3.25 during the normal trading session on while it closed the day at $108.65.
Micron Technology Inc stock has also gained 6.80% of its value over the past 7 days. However, MU stock has inclined by 11.50% in the 3 months of the year. Over the past six months meanwhile, it has lost -11.67% and gained 27.31% year-on date.
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The market cap for MU stock reached $118.86 billion, with 1.11 billion shares outstanding and 1.10 billion shares in the current float. Compared to the average trading volume of 22.55M shares, MU reached a trading volume of 14354305 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 $145.96 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 1.45. 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.
China Renaissance have made an estimate for Micron Technology Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 28, 2024. While these analysts kept the previous recommendation, TD Cowen raised their target price from $115 to $135. The new note on the price target was released on September 26, 2024, representing the official price target for Micron Technology Inc stock. Previously, the target price had yet another drop from $160 to $115, while TD Cowen kept a Buy rating on MU stock. On September 18, 2024, analysts decreased their price target for MU shares from 190 to 175.
The Average True Range (ATR) for Micron Technology Inc is set at 3.91, with the Price to Sales ratio for MU stock in the period of the last 12 months amounting to 4.73. The Price to Book ratio for the last quarter was 2.67, with the Price to Cash per share for the same quarter was set at 7.41. Price to Free Cash Flow for MU in the course of the last twelve months was 982.32 with Quick ratio for the last quarter at 1.68.
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 6.80. With this latest performance, MU shares gained by 1.62% in over the last four-week period, additionally sinking by -11.67% over the last 6 months – not to mention a rise of 47.68% 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 54.36, with the RSI for the last a single of trading hit 53.94, and the three-weeks RSI is set at 53.93 for Micron Technology Inc [MU]. The present Moving Average for the last 50 days of trading for this stock 100.41, while it was recorded at 110.26 for the last single week of trading, and 109.00 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 1.68 and a Current Ratio set at 2.64.
Earnings per share (EPS) analysis for Micron Technology Inc [MU] stock
With the latest financial reports released by the company, Micron Technology Inc posted -0.95/share EPS, while the average EPS was predicted by analysts to be reported at -0.97/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.02. 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 17.10%.
Micron Technology Inc [MU]: Institutional Ownership
There are presently around $83.82%, or 84.04%% of MU stock, in the hands of institutional investors. The top three institutional holders of MU stocks are: VANGUARD GROUP INC with ownership of 97.69 million shares, which is approximately 8.8246%. BLACKROCK INC., holding 91.82 million shares of the stock with an approximate value of $$12.08 billion in MU stocks shares; and BLACKROCK INC., currently with $$6.19 billion in MU stock with ownership which is approximately 4.2545%.
