While Micron Technology Inc has underperformed by -2.37%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, MU rose by 9.10%, with highs and lows ranging from $157.54 to $79.15, whereas the simple moving average fell by -14.68% in the last 200 days.
On December 19, 2024, TD Cowen Reiterated Micron Technology Inc (NASDAQ: MU) to Buy. A report published by Needham on December 19, 2024, Reiterated its previous ‘Buy’ rating for MU. BofA Securities also Downgraded MU shares as ‘Neutral’, setting a target price of $110 on the company’s shares in a report dated December 19, 2024. China Renaissance Initiated an Buy rating on October 28, 2024, and assigned a price target of $148. TD Cowen resumed its ‘Buy’ rating for MU, as published in its report on September 26, 2024. TD Cowen’s report from September 19, 2024 suggests a price prediction of $115 for MU shares, giving the stock a ‘Buy’ rating. Wells Fargo also rated the stock as ‘Overweight’.
Analysis of Micron Technology Inc (MU)
It’s important to note that MU shareholders are currently getting $0.46 per share in dividends, so investors will receive a return regardless of how the company performs. Further, the quarter-over-quarter increase in sales is 84.28%, showing a positive trend in the upcoming months.
Micron Technology Inc’s future performance can be predicted by a variety of well-rounded types of analysis and research, with equity being one of the most crucial ones. The goal here is to ensure that your current return on equity of 8.66% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.75, 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.
For any stock, average volume can be an extremely valuable indicator of volatility, and MU is registering an average volume of 23.44M. On a monthly basis, the volatility of the stock is set at 3.90%, whereas on a weekly basis, it is put at 3.72%, with a gain of 1.16% over the past seven days. Furthermore, long-term investors anticipate a median target price of $129.73, showing growth from the present price of $92.30, 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?
A giant in the Semiconductors market, Micron Technology Inc (MU) is based in the USA. When comparing Micron Technology Inc shares with other companies under Technology, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 26.66, there is a growth in quarterly earnings of 248.57%.
Besides checking the fundamentals, you should also know 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 0.41%. 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 77.50% 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 77.50% at present.
