It is Poised to be a Bull Market for Micron Technology Inc. (MU)

With 16.63 million shares changed hands, the volume of the stock remained lighter than its average volume of 22.76 million shares. During the session, the Semiconductors company that operates in wider Technology sector, reached to the highest price of $124.1099 whereas the lowest price it dropped to was $121.65. The 52-week range on MU shows that it touched its highest point at $130.54 and its lowest point at $60.06 during that stretch. It currently has a 1-year price target of $135.75. With its current market cap of 136.21 billion, MU has annualized dividend of $0.46 while the current yield stands at 0.37%. Beta for the stock currently stands at 1.21.

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of MU was up-trending over the past week, with a rise of 2.39%, but this was up by 0.39% over a month. Three-month performance surged to 43.52% while six-month performance rose 67.19%. The stock gained 99.64% in the past year, while it has gained 44.13% so far this year. A look at the trailing 12-month EPS for MU yields -3.45 with Next year EPS estimates of 7.78. For the next quarter, that number is 0.47. This implies an EPS growth rate of 118.12% for this year and 865.05% for next year.

Float and Shares Shorts:

At present, 1.11 billion MU shares are outstanding with a float of 1.10 billion shares on hand for trading. On 2024-04-30, short shares totaled 26.57 million, which was 240.0 higher than short shares on 1711584000. In addition to Mr. Sanjay Mehrotra as the firm’s CEO, President & Director, Mr. Mark J. Murphy serves as its Executive VP & CFO.

Institutional Ownership:

Through their ownership of 0.84540004 of MU’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-02-29, MU reported revenue of $5824000000.0 and operating income of $182000000.0. The EBITDA in the recently reported quarter was $2229000000.0 and diluted EPS was $0.71.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MU since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.