Micron Technology Inc. [MU] stock prices are down -0.94% to $121.37 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The MU shares have lost -1.29% over the last week, with a monthly amount glided 32.75%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
From an analyst’s perspective:
Micron Technology Inc. [NASDAQ: MU] stock has seen the most recent analyst activity on April 08, 2024, when KeyBanc Capital Markets reiterated its Overweight rating and also boosted its price target to $150 from $135. Previously, Fox Advisors upgraded its rating to Overweight on March 21, 2024. On March 21, 2024, upgrade upgraded it’s rating to Buy but maintained its price target of $140 on the stock. TD Cowen reiterated its Outperform rating and increased its price target to $150 on March 21, 2024. Cantor Fitzgerald reiterated its recommendation of a Overweight and raised its price target to $120 on March 18, 2024. Barclays reiterated a Overweight rating for this stock on March 18, 2024, and upped its price target to $120. In a note dated March 15, 2024, TD Cowen reiterated an Outperform rating on this stock and boosted its target price from $100 to $120.
The stock price of Micron Technology Inc. [MU] has been fluctuating between $58.03 and $130.54 over the past year. Currently, Wall Street analysts expect the stock to reach $107.48 within the next 12 months. Micron Technology Inc. [NASDAQ: MU] shares were valued at $121.37 at the most recent close of the market. An investor can expect a potential drop of -11.44% based on the average MU price forecast.
Analyzing the MU fundamentals
The Micron Technology Inc. [NASDAQ:MU] reported sales of 18.31B for trailing twelve months, representing a surge of 57.70%. Gross Profit Margin for this corporation currently stands at -0.0% with Operating Profit Margin at -0.23%, Pretax Profit Margin comes in at -0.23%, and Net Profit Margin reading is -0.21%. To continue investigating profitability, this company’s Return on Assets is posted at -0.06, Equity is -0.09 and Total Capital is -0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.28.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 119.73 points at the first support level, and at 118.08 for the second support level. However, for the 1st resistance point, the stock is sitting at 123.90, and for the 2nd resistance point, it is at 126.42.
Ratios To Look Out For
It’s worth pointing out that Micron Technology Inc. [NASDAQ:MU]’s Current Ratio is 3.74. Also, the Quick Ratio is 2.40, while the Cash Ratio stands at 1.09. Considering the valuation of this stock, the price to sales ratio is 7.34, the price to book ratio is 3.06.
Transactions by insiders
Recent insider trading involved MEHROTRA SANJAY, CEO and President, that happened on Apr 09 ’24 when 7000.0 shares were sold. CEO and President, MEHROTRA SANJAY completed a deal on Apr 04 ’24 to sell 45000.0 shares. Meanwhile, CEO and President MEHROTRA SANJAY sold 7000.0 shares on Apr 02 ’24.
