Micron Technology Inc. (NASDAQ: MU) is 4.63% higher on its value in year-to-date trading and has touched a low of $63.83 and a high of $157.54 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 $88.58 in the last trading session, with the day’s gains setting it 0.71%.
Currently trading at $89.29, the stock is -9.46% and -20.62% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 16.04 million and changing 0.80% at the moment leaves the stock -14.35% off its SMA200. MU registered 26.85% gain for a year compared to 6-month loss of -5.48%.
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 -1.25% gain in the last 1 month and extending the period to 3 months gives it a -29.49%, and is -8.76% 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 4.35% over the week and 4.25% over the month.
Micron Technology Inc. (MU) has around 43000 employees, a market worth around $99.01B and $21.37B in sales. Fwd P/E is 9.31. Profit margin for the company is -7.20%. Distance from 52-week low is 39.89% and -43.32% from its 52-week high. The company has generated returns on investments over the last 12 months (-2.67%).
The EPS is expected to grow by 127.59% this year
2463.0 institutions hold shares in Micron Technology Inc. (MU), with institutional investors hold 83.51% of the company’s shares. The shares outstanding are 1.11B, and float is at 1.10B with Short Float at 2.84%. Institutions hold 83.29% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 97.69 million shares valued at $12.85 billion. The investor’s holdings represent 8.8246 of the MU Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 91.82 million shares valued at $12.08 billion to account for 8.2943 of the shares outstanding. The other top investors are FMR LLC which holds 47.1 million shares representing 4.2545 and valued at over $6.19 billion, while STATE STREET CORP holds 4.2269 of the shares totaling 46.79 million with a market value of $6.15 billion.
Micron Technology Inc. (MU) Insider Activity
The most recent transaction is an insider sale by ARNZEN APRIL S, the company’s EVP and Chief People Officer. SEC filings show that ARNZEN APRIL S sold 4,890 shares of the company’s common stock on Jun 27 ’24 at a price of $135.86 per share for a total of $0.66 million. Following the sale, the insider now owns 0.14 million shares.
Micron Technology Inc. disclosed in a document filed with the SEC on Jun 18 ’24 that MEHROTRA SANJAY (CEO and President) sold a total of 34,284 shares of the company’s common stock. The trade occurred on Jun 18 ’24 and was made at $152.28 per share for $5.22 million. Following the transaction, the insider now directly holds 0.72 million shares of the MU stock.
Still, SEC filings show that on Jun 12 ’24, MEHROTRA SANJAY (CEO and President) disposed off 30,000 shares at an average price of $140.00 for $4.2 million. The insider now directly holds 719,049 shares of Micron Technology Inc. (MU).
