A share price of Micron Technology Inc. [MU] is currently trading at $136.39, up 4.00%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The MU shares have gain 2.87% over the last week, with a monthly amount glided 4.16%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Micron Technology Inc. [NASDAQ: MU] stock has seen the most recent analyst activity on June 27, 2024, when TD Cowen reiterated its Buy rating and also boosted its price target to $160 from $150. Previously, Needham reaffirmed its Buy rating on June 27, 2024, and elevated its price target to $150. On June 18, 2024, Wedbush reiterated its Outperform rating and revised its price target to $170 on the stock. Stifel reiterated its Buy rating and increased its price target to $165 on June 18, 2024. Morgan Stanley upgraded its rating to a Equal-Weight and raised its price target to $130 on May 20, 2024. Robert W. Baird upgraded its rating to Outperform for this stock on May 06, 2024, and upped its price target to $150. In a note dated April 08, 2024, KeyBanc Capital Markets reiterated an Overweight rating on this stock and boosted its target price from $135 to $150.
Micron Technology Inc. experienced fluctuations in its stock price throughout the past year between $60.58 and $157.54. Currently, Wall Street analysts expect the stock to reach $134.5 within the next 12 months. Micron Technology Inc. [NASDAQ: MU] shares were valued at $136.39 at the most recent close of the market. An investor can expect a potential drop of -1.39% based on the average MU price forecast.
Analyzing the MU fundamentals
Trailing Twelve Months sales for Micron Technology Inc. [NASDAQ:MU] were 21.37B which represents 81.53% growth. Gross Profit Margin for this corporation currently stands at 0.11% with Operating Profit Margin at -0.09%, Pretax Profit Margin comes in at -0.08%, and Net Profit Margin reading is -0.07%. To continue investigating profitability, this company’s Return on Assets is posted at -0.02, Equity is -0.04 and Total Capital is -0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.26.
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 133.89 points at the first support level, and at 131.40 for the second support level. However, for the 1st resistance point, the stock is sitting at 137.69, and for the 2nd resistance point, it is at 139.00.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Micron Technology Inc. [NASDAQ:MU] is 3.41. As well, the Quick Ratio is 2.16, while the Cash Ratio is 1.03. Considering the valuation of this stock, the price to sales ratio is 7.08, the price to book ratio is 3.42.
Transactions by insiders
Recent insider trading involved ARNZEN APRIL S, EVP and Chief People Officer, that happened on Jun 27 ’24 when 4890.0 shares were sold. CEO and President, MEHROTRA SANJAY completed a deal on Jun 18 ’24 to sell 34284.0 shares. Meanwhile, CEO and President MEHROTRA SANJAY sold 30000.0 shares on Jun 12 ’24.
