Micron Technology Inc (NASDAQ:MU) shares, rose in value, with the stock price up by 3.70% to the previous day’s close as strong demand from buyers drove the stock to $101.87.
Actively observing the price movement in the recent trading, the stock is buoying the session at $98.24, falling within a range of $99.6651 and $103.2. The value of beta (5-year monthly) is 1.179 whereas the PE ratio is 151.12 over 12-month period. Referring to stock’s 52-week performance, its high was $157.54, and the low was $78.03. On the whole, MU has fluctuated by 1.95% over the past month.
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With the market capitalization of Micron Technology Inc currently standing at about $113.49 billion, investors are eagerly awaiting this quarter’s results, scheduled for in January. The company’s Forward Dividend Ratio is 0.46, with its dividend yield at 0.45%.
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 8.84, with the price of MU currently trading nearly 1.64% and -1.72% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 50.67, while the 7-day volatility ratio is showing 4.59% which for the 30-day chart, stands at 3.54%. Furthermore, Micron Technology Inc (MU)’s beta value is 1.15, and its average true range (ATR) is 4.06.
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 3.70% in today’s session so far, and over the past year, it grew by 27.67%%.
Data on historical trading for Micron Technology Inc (NASDAQ:MU) indicates that the trading volumes over the past 10 days have averaged 16.8 and over the past 3 months, they’ve averaged 21.13 million. According to company’s latest data on outstanding shares, there are 1.11 billion shares outstanding.
Nearly 0.40% of Micron Technology Inc’s shares belong to company insiders and institutional investors own 77.76% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 33.9 million shares as on 2024-11-29, resulting in a short ratio of 2.09. According to the data, the short interest in Micron Technology Inc (MU) stood at 305.00 of shares outstanding as of 2024-11-29; the number of short shares registered in 2024-10-31 reached 35.56 million. The stock has risen by 19.37% 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.
