Micron Technology Inc. [MU] stock prices are up 2.94% to $93.57 at the moment. 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 7.33% over the last week, with a monthly amount drifted -10.25%, and not 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 September 19, 2024, when TD Cowen reiterated its Buy rating and also revised its price target to $115 from $160. Previously, Wells Fargo reaffirmed its Overweight rating on September 18, 2024, and dropped its price target to $175. On September 16, 2024, Morgan Stanley reiterated its Equal-Weight rating and revised its price target to $100 on the stock. Exane BNP Paribas downgraded its rating to a Underperform and decreased its price target to $67 on September 12, 2024. Needham reiterated its recommendation of a Buy and reduced its price target to $140 on August 26, 2024. TD Cowen reiterated a Buy rating for this stock on June 27, 2024, and upped its price target to $160. In a note dated June 27, 2024, Needham reiterated an Buy rating on this stock and boosted its target price from $120 to $150.
The stock price of Micron Technology Inc. [MU] has been fluctuating between $63.83 and $157.54 over the past year. Currently, Wall Street analysts expect the stock to reach $134.8 within the next 12 months. Micron Technology Inc. [NASDAQ: MU] shares were valued at $93.57 at the most recent close of the market. An investor can expect a potential return of 44.06% based on the average MU price forecast.
Analyzing the MU fundamentals
The Micron Technology Inc. [NASDAQ:MU] reported sales of 21.37B for trailing twelve months, representing a surge 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 92.50 points at the first support level, and at 91.43 for the second support level. However, for the 1st resistance point, the stock is sitting at 94.72, and for the 2nd resistance point, it is at 95.87.
Ratios To Look Out For
It’s worth pointing out that Micron Technology Inc. [NASDAQ:MU]’s Current Ratio 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 4.85, the price to book ratio is 2.35.
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.
