Micron Technology Inc [NASDAQ: MU] loss -1.32% or -1.19 points to close at $88.63 with a heavy trading volume of 19383486 shares.
The daily chart for MU points out that the company has recorded -32.62% loss over the past six months.
If we look at the average trading volume of 21.64M shares, MU reached to a volume of 19383486 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $132.01 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 1.58. 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 December 19, 2024. While these analysts kept the previous recommendation, Needham dropped their target price from $140 to $120. The new note on the price target was released on December 19, 2024, representing the official price target for Micron Technology Inc stock. Previously, the target price had yet another drop from $125 to $110, while BofA Securities kept a Neutral rating on MU stock.
The Average True Range (ATR) for Micron Technology Inc is set at 4.85, with the Price to Sales ratio for MU stock in the period of the last 12 months amounting to 3.35. The Price to Book ratio for the last quarter was 2.11, with the Price to Cash per share for the same quarter was set at 6.90. Price to Free Cash Flow for MU in the course of the last twelve months was 175.89 with Quick ratio for the last quarter at 1.75.
Trading performance analysis for MU stock
Micron Technology Inc [MU] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.77. With this latest performance, MU shares dropped by -12.94% in over the last four-week period, additionally sinking by -32.62% over the last 6 months – not to mention a rise of 2.27% 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 38.03, with the RSI for the last a single of trading hit 34.77, and the three-weeks RSI is set at 40.40 for Micron Technology Inc [MU]. The present Moving Average for the last 50 days of trading for this stock 101.89, while it was recorded at 89.51 for the last single week of trading, and 110.67 for the last 200 days.
Micron Technology Inc [MU]: A deeper dive into fundamental analysis
Micron Technology Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.75 and a Current Ratio set at 2.72.
Micron Technology Inc [MU]: An earnings per share (EPS) analysis
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 15.05%.
An analysis of Institutional ownership at Micron Technology Inc [MU]
There are presently around $80.88%, or 81.11%% 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%.
