These Numbers Show Just How Powerful Micron Technology Inc. (NASDAQ: MU) Stock ‎Is

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Micron Technology Inc. (NASDAQ:MU) price closed lower on Friday, April 12, dropping -3.91% below its previous close.

A look at the daily price movement shows that the last close reads $127.51. The company’s 5Y monthly beta was ticking 1.28. Taking into account the 52-week price action we note that the stock hit a 52-week high of $130.54 and 52-week low of $58.03. The stock added 30.12% on its value in the past month.

Micron Technology Inc., which has a market valuation of $135.67 billion, is expected to release its quarterly earnings report Jun 26, 2024 – Jul 01, 2024. The company stock has a Forward Dividend ratio of 0.46, while the dividend yield is 0.38%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.

Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give MU a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.

The overview shows that MU’s price is at present 7.48% off the SMA20 and 24.15% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 63.95, with weekly volatility standing at 4.30%. The indicator jumps to 4.25% when calculated based on the past 30 days. Micron Technology Inc. (NASDAQ:MU)’s beta value is holding at 1.27, while the average true range (ATR) indicator is currently reading 5.16. An analysis of the Micron Technology Inc. (NASDAQ:MU) stock in terms of its daily trading volume indicates that the 3-month average is 21.07 million.

Current records show that the company has 1.11B in outstanding shares. The insiders’ percentage holdings are 0.66% of outstanding shares while the percentage share held by institutions stands at 82.04%. But the 43.57% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.

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