Micron Technology Inc (NASDAQ:MU) shares, rose in value, with the stock price down by -1.67% to the previous day’s close as strong demand from buyers drove the stock to $92.76.
Actively observing the price movement in the recent trading, the stock is buoying the session at $94.34. The PE ratio was 26.79 over 12-month period. Referring to stock’s 52-week performance, its high was $157.54, and the low was $83.54. On the whole, MU has fluctuated by 2.32% over the past month.
With the market capitalization of Micron Technology Inc currently standing at about $103.35 billion, investors are eagerly awaiting this quarter’s results, scheduled for in April. The company’s Forward Dividend Ratio is 0.46, with its dividend yield at 0.50%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 35.03B, with a low estimate of 7.8B and a high estimate of 8.41B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 7.93B.
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 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0.25, with the price of MU currently trading nearly -3.25% and -2.74% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 46.52, while the 7-day volatility ratio is showing 6.97% which for the 30-day chart, stands at 4.75%. Furthermore, Micron Technology Inc (MU)’s beta value is 1.17, and its average true range (ATR) is 5.10.
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 -1.67% in today’s session so far, and over the past year, it shrunk by -3.14%%.
Data on historical trading for Micron Technology Inc (NASDAQ:MU) indicates that the trading volumes over the past 3 months, they’ve averaged 24.45 million. According to company’s latest data on outstanding shares, there are 1.11 billion shares outstanding.
Nearly 0.45% of Micron Technology Inc’s shares belong to company insiders and institutional investors own 79.80% of the company’s shares. The stock has risen by 10.22% 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.
