While Micron Technology Inc. has overperformed by 1.78%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, MU rose by 26.97%, with highs and lows ranging from $157.54 to $63.83, whereas the simple moving average fell by -15.29% in the last 200 days.
On September 16, 2024, Morgan Stanley Reiterated Micron Technology Inc. (NASDAQ: MU) to Equal-Weight. A report published by Exane BNP Paribas on September 12, 2024, Downgraded its rating to ‘Underperform’ for MU. Needham also reiterated MU shares as ‘Buy’, quoting a target price of $140 on the company’s shares in a report dated August 26, 2024. TD Cowen Reiterated the rating as Buy on June 27, 2024, but set its price target from $150 to $160. Needham resumed its ‘Buy’ rating for MU, as published in its report on June 27, 2024. Wedbush’s report from June 18, 2024 suggests a price prediction of $170 for MU shares, giving the stock a ‘Outperform’ rating. Stifel also rated the stock as ‘Buy’.
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Analysis of Micron Technology Inc. (MU)
MU currently pays a dividend of $0.46 per share, which means investors will get a return regardless of the company’s performance over the next few months. Further, the quarter-over-quarter increase in sales is 81.53%, showing a positive trend in the upcoming months.
In order to gain a clear picture of Micron Technology Inc.’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of -3.43% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.16, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 25.70M can be a very valuable indicator of volatility for MU stock. On a monthly basis, the volatility of the stock is set at 3.90%, whereas on a weekly basis, it is put at 3.86%, with a gain of 2.16% over the past seven days. Furthermore, long-term investors anticipate a median target price of $163.86, showing growth from the present price of $88.73, which can serve as yet another indication of whether MU is worth investing in or should be passed over.
How Do You Analyze Micron Technology Inc. Shares?
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.38%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 80.18% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
MU shares are owned by institutional investors to the tune of 80.18% at present.
