At the time of writing, Micron Technology Inc. [MU] stock is trading at $107.50, down -2.17%. 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 gain 18.26% over the last week, with a monthly amount glided 13.32%, 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 September 26, 2024, when TD Cowen reiterated its Buy rating and also boosted its price target to $135 from $115. Previously, TD Cowen reaffirmed its Buy rating on September 19, 2024, and dropped its price target to $115. On September 18, 2024, Wells Fargo reiterated its Overweight rating and revised its price target to $175 on the stock. Morgan Stanley reiterated its Equal-Weight rating and decreased its price target to $100 on September 16, 2024. Exane BNP Paribas downgraded its rating to a Underperform and reduced its price target to $67 on September 12, 2024. Needham reiterated a Buy rating for this stock on August 26, 2024, and downed its price target to $140. In a note dated June 27, 2024, TD Cowen reiterated an Buy rating on this stock and boosted its target price from $150 to $160.
For the past year, the stock price of Micron Technology Inc. fluctuated between $63.83 and $157.54. Currently, Wall Street analysts expect the stock to reach $136.27 within the next 12 months. Micron Technology Inc. [NASDAQ: MU] shares were valued at $107.50 at the most recent close of the market. An investor can expect a potential return of 26.76% based on the average MU price forecast.
Analyzing the MU fundamentals
According to Micron Technology Inc. [NASDAQ:MU], the company’s sales were 25.11B for trailing twelve months, which represents an 93.27% jump. Gross Profit Margin for this corporation currently stands at 0.22% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at -0.0%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.02 and Total Capital is 0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.3.
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 106.03 points at the first support level, and at 104.56 for the second support level. However, for the 1st resistance point, the stock is sitting at 109.97, and for the 2nd resistance point, it is at 112.44.
Ratios To Look Out For
It is important to note that Micron Technology Inc. [NASDAQ:MU] has a current ratio of 2.64. Also, the Quick Ratio is 1.68, while the Cash Ratio stands at 0.76. Considering the valuation of this stock, the price to sales ratio is 4.75, the price to book ratio is 2.70 and price to earnings (TTM) ratio is 159.09.
Transactions by insiders
Recent insider trading involved ARNZEN APRIL S, Officer, that happened on Sep 26 ’24 when 4890.0 shares were purchased. EVP and Chief People Officer, ARNZEN APRIL S completed a deal on Jun 27 ’24 to sell 4890.0 shares. Meanwhile, CEO and President MEHROTRA SANJAY sold 34284.0 shares on Jun 18 ’24.
