Micron Technology Inc (NASDAQ:MU) traded at $104.24 at last check on current trade day and made an upward move of 4.74% on its previous day’s price.
Looking at the stock we see that its previous close was $99.52 and the beta (5Y monthly) reads 1.18 with the day’s price range being $102.045 – $105.05. The company has a trailing 12-month PE ratio of 30.10. In terms of its 52-week price range, MU has a high of $157.54 and a low of $79.15. The company’s stock has gained about 1.59% over that past 30 days.
Micron Technology Inc has a market cap of $116.14 billion and is expected to release its quarterly earnings report in March. With its Forward Dividend at 0.46 and a yield of 0.44%, the company’s investors could be anxious for the MU stock to gain ahead of the earnings release.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 7.93B, with a low of 7.8B and a high of 8.41B. The median projection represents growth squeezing down to 36.21% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 35.04B, or 39.54% up from figures reported last year.
On the other hand, looking at the outlook for the MU stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 50% Sell.
Based on estimates by 32 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 5 have rated the Micron Technology Inc (MU) stock as a Hold, while 27 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the MU stock currently stands at 0.28, and the most recent price level today is 8.53% off its SMA20 and 7.77% from its 50-day simple moving average. The RSI (14) is pointing at 60.38 while the volatility over the past week is 3.79% and jumps to 3.88% over the past one month. The beta value is 1.24, while the average true range (ATR) is currently pointing at 4.58. The average price target for the stock over the next 12 months is $127.5, with the estimates having a low of $57 and a high of $165. These price ends are 45.32% and -58.29% off the today’s price level respectively, although investors could be excited at the prospect of a -22.31% if the MU share price touches on the median price of $127.5.
Coming back to Micron Technology Inc (NASDAQ:MU), we note that the average 3-month trading volume was 23.52 million, while that of the preceding 10-day period stands at 16.79 million. Current shares outstanding are 1.11 billion.
The insiders hold 0.41% of the company’s shares while institutions hold 79.65%. The data shows that short shares as of 2025-01-31, stood at 38.29 million at a short ratio of 1.46. This represents a 345.00 short interest in shares outstanding on 2025-01-31. Shares short fall in January from the previous month at 42.3 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 23.85% up in year-to-date price movement.
