Micron Technology Inc. [MU] stock prices are down -0.36% to $102.54 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The MU shares have gain 2.22% over the last week, with a monthly amount glided 18.86%, 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.
The stock price of Micron Technology Inc. [MU] has been fluctuating between $63.88 and $157.54 over the past year. 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 $102.54 at the most recent close of the market. An investor can expect a potential return of 32.89% based on the average MU price forecast.
Analyzing the MU fundamentals
The Micron Technology Inc. [NASDAQ:MU] reported sales of 25.11B for trailing twelve months, representing a surge of 93.27%. 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 101.55 points at the first support level, and at 100.57 for the second support level. However, for the 1st resistance point, the stock is sitting at 103.23, and for the 2nd resistance point, it is at 103.93.
Ratios To Look Out For
It’s worth pointing out that Micron Technology Inc. [NASDAQ:MU]’s Current Ratio is 2.64. On the other hand, the Quick Ratio is 1.68, and the Cash Ratio is 0.76. Considering the valuation of this stock, the price to sales ratio is 4.53, the price to book ratio is 2.52 and price to earnings (TTM) ratio is 152.11.
Transactions by insiders
Recent insider trading involved ARNZEN APRIL S, EVP and Chief People Officer, that happened on Sep 26 ’24 when 4890.0 shares were sold. Officer, ARNZEN APRIL S completed a deal on Sep 26 ’24 to buy 4890.0 shares. Meanwhile, EVP and Chief People Officer ARNZEN APRIL S sold 4890.0 shares on Jun 27 ’24.
