At the time of writing, Micron Technology Inc [MU] stock is trading at $102.76, up 4.46%. An important factor to consider is whether the stock is rising or falling in short-term value. The MU shares have gain 3.61% over the last week, with a monthly amount drifted -2.18%, 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 October 28, 2024, when China Renaissance initiated its Buy rating and assigned the stock a price target of $148. Previously, TD Cowen reaffirmed its Buy rating on September 26, 2024, and elevated its price target to $135. On September 19, 2024, TD Cowen reiterated its Buy rating and revised its price target to $115 on the stock. Wells Fargo reiterated its Overweight rating and decreased its price target to $175 on September 18, 2024. Morgan Stanley reiterated its recommendation of a Equal-Weight and reduced its price target to $100 on September 16, 2024. Exane BNP Paribas downgraded its rating to Underperform for this stock on September 12, 2024, and downed its price target to $67. In a note dated August 26, 2024, Needham reiterated an Buy rating on this stock and revised its target price from $150 to $140.
For the past year, the stock price of Micron Technology Inc fluctuated between $72.93 and $157.54. Currently, Wall Street analysts expect the stock to reach $136.5 within the next 12 months. Micron Technology Inc [NASDAQ: MU] shares were valued at $102.76 at the most recent close of the market. An investor can expect a potential return of 32.83% 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 0.05%, 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.25.
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 99.45 points at the first support level, and at 96.15 for the second support level. However, for the 1st resistance point, the stock is sitting at 104.68, and for the 2nd resistance point, it is at 106.59.
Ratios To Look Out For
It is important to note that Micron Technology Inc [NASDAQ:MU] has a current ratio of 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 4.54, the price to book ratio is 2.53 and price to earnings (TTM) ratio is 152.44.
Transactions by insiders
Recent insider trading involved Bokan Michael W, SVP, Worldwide Sales, that happened on Oct 21 ’24 when 10000.0 shares were sold. Officer, MICHAEL W. BOKAN completed a deal on Oct 21 ’24 to buy 10000.0 shares. Meanwhile, EVP and Chief People Officer ARNZEN APRIL S sold 4890.0 shares on Sep 26 ’24.
