Micron Technology Inc (NASDAQ:MU) shares, rose in value, with the stock price down by -4.26% to the previous day’s close as strong demand from buyers drove the stock to $99.65.
Actively observing the price movement in the last trading, the stock closed the session at $104.08, falling within a range of $99.0707 and $102.49. The value of beta (5-year monthly) was 1.179 whereas the PE ratio was 147.83 over 12-month period. Referring to stock’s 52-week performance, its high was $157.54, and the low was $65.26. On the whole, MU has fluctuated by -0.20% over the past month.
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With the market capitalization of Micron Technology Inc currently standing at about $110.49 billion, investors are eagerly awaiting this quarter’s results, scheduled for in December. The company’s Forward Dividend Ratio is 0.46, with its dividend yield at 0.46%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that MU’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 8.64, with the price of MU currently trading nearly -6.08% and 0.49% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 42.92, while the 7-day volatility ratio is showing 2.65% which for the 30-day chart, stands at 3.00%. Furthermore, Micron Technology Inc (MU)’s beta value is 1.17, and its average true range (ATR) is 3.84.
A comparison of Micron Technology Inc (MU) with its peers suggests the former has fared considerably weaker in the market. MU showed an intraday change of -4.26% in last session, and over the past year, it grew by 49.02%%.
Data on historical trading for Micron Technology Inc (NASDAQ:MU) indicates that the trading volumes over the past 10 days have averaged 14.76 and over the past 3 months, they’ve averaged 24.15 million. According to company’s latest data on outstanding shares, there are 1.11 billion shares outstanding.
Nearly 0.44% of Micron Technology Inc’s shares belong to company insiders and institutional investors own 80.17% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 35.2 million shares as on 2024-10-15, resulting in a short ratio of 1.17. According to the data, the short interest in Micron Technology Inc (MU) stood at 318.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 36.95 million. The stock has risen by 16.77% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the MU stock heading into the next quarter.
