Micron Technology Inc. [MU] stock is trading at $90.65, up 4.38%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The MU shares have gain 1.52% over the last week, with a monthly amount drifted -4.22%, and not 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 August 26, 2024, when Needham reiterated its Buy rating and also revised its price target to $140 from $150. Previously, TD Cowen reaffirmed its Buy rating on June 27, 2024, and elevated its price target to $160. On June 27, 2024, Needham reiterated its Buy rating and revised its price target to $150 on the stock. Wedbush reiterated its Outperform rating and increased its price target to $170 on June 18, 2024. Stifel reiterated its recommendation of a Buy and raised its price target to $165 on June 18, 2024. Morgan Stanley upgraded its rating to Equal-Weight for this stock on May 20, 2024, and upped its price target to $130. In a note dated May 06, 2024, Robert W. Baird upgraded an Outperform rating on this stock and boosted its target price from $115 to $150.
Micron Technology Inc. [MU] stock has fluctuated between $63.83 and $157.54 over the past year. Currently, Wall Street analysts expect the stock to reach $132.67 within the next 12 months. Micron Technology Inc. [NASDAQ: MU] shares were valued at $90.65 at the most recent close of the market. An investor can expect a potential return of 46.35% based on the average MU price forecast.
Analyzing the MU fundamentals
Micron Technology Inc. [NASDAQ:MU] reported sales of 21.37B for the trailing twelve months, which represents a growth of 81.53%. 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 87.54 points at the first support level, and at 84.44 for the second support level. However, for the 1st resistance point, the stock is sitting at 92.29, and for the 2nd resistance point, it is at 93.94.
Ratios To Look Out For
For context, Micron Technology Inc.’s Current Ratio is 3.41. Further, the Quick Ratio stands at 2.16, while the Cash Ratio is 1.03. Considering the valuation of this stock, the price to sales ratio is 4.70, the price to book ratio is 2.27.
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.
