Micron Technology, Inc. (NASDAQ:MU) stock went on an upward path that rose over 1.38% on Tuesday, amounting to a one-week price increase of more than 2.94%. Over the last 12 months, MU stock rose by 14.76%. The one-year MU stock forecast points to a potential upside of 0.02, with the average price target set at $49.78 per share. The average equity rating for MU stock is currently 2.40, trading closer to a bullish pattern in the stock market.
The market cap for MU stock reached $56.05 billion, with 1.10 billion shares outstanding and 1.10 billion shares in the current float. Compared to the average trading volume of 28.30M shares, MU reached a trading volume of 13,776,479 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Micron Technology, Inc. (MU)?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MU shares is $49.71 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MU stock is a recommendation set at 2.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Longbow have made an estimate for Micron Technology, Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on Sep-11-19. While these analysts kept the previous recommendation, Mizuho raised their target price from $44 to $50. The new note on the price target was released on Sep-04-19, representing the official price target for Micron Technology, Inc. stock. Previously, the target price had yet another raise from $31 to $48, while Morgan Stanley kept a Equal-Weight rating on MU stock. On Jul-24-19, analysts increased their price target for MU shares from 45 to 55.
The Average True Range (ATR) for Micron Technology, Inc. is set at 1.49, with the Price to Sales ratio for MU stock in the period of the last 12 months amounting to 2.08. The Price to Book ratio for the last quarter was 1.59, with the Price to Cash per share for the same quarter was set at 6.07. Price to Free Cash Flow for MU in the course of the last twelve months was 9.18 with Quick ratio for the last quarter at 1.90.
How has MU stock performed recently?
Micron Technology, Inc. (MU) gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.94. With this latest performance, MU shares gained by 16.74% in over the last four-week period, additionally plugging by 25.94% over the last 6 months – not to mention a rise of 14.76% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MU stock in for the last two-week period is set at 68.82, with the RSI for the last a single of trading hit 76.35, and the three-weeks RSI is set at 66.71 for Micron Technology, Inc. (MU). The present Moving Average for the last 50 days of trading for this stock 45.26, while it was recorded at 50.48 for the last single week of trading, and 39.68 for the last 200 days.
Micron Technology, Inc. (MU): Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Micron Technology, Inc. (MU) shares currently have an operating margin of +49.15 and a Gross Margin at +58.87. Micron Technology, Inc.’s Net Margin is presently recorded at +46.51.
Return on Total Capital for MU is now 43.60, given the latest momentum, and Return on Invested Capital for the company is 43.77. Return on Equity for this stock inclined to 55.52, with Return on Assets sitting at 35.92. When it comes to the capital structure of this company, Micron Technology, Inc. (MU) has a Total Debt to Total Equity ratio set at 14.36. Additionally, MU Total Debt to Total Capital is recorded at 12.56, with Total Debt to Total Assets ending up at 10.69. Long-Term Debt to Equity for the company is recorded at 11.70, with the Long-Term Debt to Total Capital now at 10.23.
Reflecting on the efficiency of the workforce at the company, Micron Technology, Inc. (MU) managed to generate an average of $392,639 per employee. Receivables Turnover for the company is 6.59 with a Total Asset Turnover recorded at a value of 0.77. Micron Technology, Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.90 and a Current Ratio set at 2.80.
Earnings analysis for Micron Technology, Inc. (MU)
With the latest financial reports released by the company, Micron Technology, Inc. posted 3.53/share EPS, while the average EPS was predicted by analysts to be reported at 3.34/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 5.70%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for MU.
Insider trade positions for Micron Technology, Inc. (MU)
There are presently around $43,480 million, or 80.50% of MU stock, in the hands of institutional investors. The top three institutional holders of MU stocks are: 1832 ASSET MANAGEMENT L.P. with ownership of 0, which is approximately Sold Out of the company’s market cap and around 0.10% of the total institutional ownership; 361 CAPITAL LLC, holding 9,556 shares of the stock with an approximate value of $479000 in MU stocks shares; and 683 CAPITAL MANAGEMENT, LLC, currently with $18.05 million in MU stock with ownership of nearly 0% of the company’s market capitalization.
Positions in Micron Technology, Inc. stocks held by institutional investors increased at the end of June and at the time of the June reporting period, where 364 institutional holders increased their position in Micron Technology, Inc. (NASDAQ:MU) by around 95,420,122 shares. Additionally, 511 investors decreased positions by around 94,867,343 shares, while 130 investors held positions by with 676,707,614 shares. The mentioned changes placed institutional holdings at 866,995,079 shares, according to the latest SEC report filing. MU stock had 95 new institutional investments in for a total of 18,422,491 shares, while 118 institutional investors sold positions of 12,073,652 shares during the same period.