Micron Technology Inc [MU] stock prices are down -0.07% to $99.34 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 13.75% over the last week, with a monthly amount drifted -3.38%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Micron Technology Inc [NASDAQ: MU] stock has seen the most recent analyst activity on December 19, 2024, when TD Cowen reiterated its Buy rating and also revised its price target to $125 from $135. Previously, Needham reaffirmed its Buy rating on December 19, 2024, and dropped its price target to $120. On December 19, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $110 on the stock. China Renaissance started tracking the stock assigning a Buy rating and suggested a price target of $148 on October 28, 2024. TD Cowen reiterated its recommendation of a Buy and raised its price target to $135 on September 26, 2024. TD Cowen reiterated a Buy rating for this stock on September 19, 2024, and downed its price target to $115. In a note dated September 18, 2024, Wells Fargo reiterated an Overweight rating on this stock and revised its target price from $190 to $175.
The stock price of Micron Technology Inc [MU] has been fluctuating between $79.15 and $157.54 over the past year. Currently, Wall Street analysts expect the stock to reach $127.13 within the next 12 months. Micron Technology Inc [NASDAQ: MU] shares were valued at $99.34 at the most recent close of the market. An investor can expect a potential return of 27.97% based on the average MU price forecast.
Analyzing the MU fundamentals
The Micron Technology Inc [NASDAQ:MU] reported sales of 29.09B for trailing twelve months, representing a surge of 84.28%. Gross Profit Margin for this corporation currently stands at 0.31% with Operating Profit Margin at 0.15%, Pretax Profit Margin comes in at 0.14%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.09 and Total Capital is 0.07. 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 97.21 points at the first support level, and at 95.09 for the second support level. However, for the 1st resistance point, the stock is sitting at 101.12, and for the 2nd resistance point, it is at 102.91.
Ratios To Look Out For
It’s worth pointing out that Micron Technology Inc [NASDAQ:MU]’s Current Ratio is 2.72. As well, the Quick Ratio is 1.75, while the Cash Ratio is 0.74. Considering the valuation of this stock, the price to sales ratio is 3.80, the price to book ratio is 2.36 and price to earnings (TTM) ratio is 28.69.
Transactions by insiders
Recent insider trading involved ALLEN SCOTT R., CVP, Chief Accounting Officer, that happened on Jan 07 ’25 when 5000.0 shares were sold. Officer, SCOTT ALLEN completed a deal on Jan 07 ’25 to buy 5000.0 shares. Meanwhile, EVP and Chief People Officer ARNZEN APRIL S sold 4890.0 shares on Dec 20 ’24.
