Micron Technology Inc. (NASDAQ: MU) is 42.69% higher on its value in year-to-date trading and has touched a low of $58.03 and a high of $130.54 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MU stock was last observed hovering at around $121.37 in the last trading session, with the day’s gains setting it 0.4%.
Currently trading at $121.77, the stock is 4.12% and 21.60% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 17.31 million and changing 0.33% at the moment leaves the stock 53.07% off its SMA200. MU registered 94.43% gain for a year compared to 6-month gain of 75.94%.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a 30.58% loss in the last 1 month and extending the period to 3 months gives it a 43.92%, and is -0.70% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.74% over the week and 4.28% over the month.
Micron Technology Inc. (MU) has around 43000 employees, a market worth around $134.84B and $18.31B in sales. Fwd P/E is 16.03. Profit margin for the company is -20.57%. Distance from 52-week low is 109.84% and -6.72% from its 52-week high. The company has generated returns on investments over the last 12 months (-6.51%).
The EPS is expected to grow by 116.91% this year.
Micron Technology Inc. (MU) Top Institutional Holders
The shares outstanding are 1.11B, and float is at 1.10B with Short Float at 2.07%.
Micron Technology Inc. (MU) Insider Activity
The most recent transaction is an insider sale by MEHROTRA SANJAY,the company’sCEO and President. SEC filings show that MEHROTRA SANJAY sold 7,000 shares of the company’s common stock on Apr 09 ’24 at a price of $122.60 per share for a total of $0.86 million. Following the sale, the insider now owns 0.73 million shares.
Micron Technology Inc. disclosed in a document filed with the SEC on Apr 04 ’24 that MEHROTRA SANJAY (CEO and President) sold a total of 45,000 shares of the company’s common stock. The trade occurred on Apr 04 ’24 and was made at $130.00 per share for $5.85 million. Following the transaction, the insider now directly holds 0.73 million shares of the MU stock.
Still, SEC filings show that on Apr 02 ’24, MEHROTRA SANJAY (CEO and President) disposed off 7,000 shares at an average price of $122.09 for $0.85 million. The insider now directly holds 743,557 shares of Micron Technology Inc. (MU).
