Micron Technology Inc. (NASDAQ:MU) shares, rose in value, with the stock price down by -0.60% to the previous day’s close as strong demand from buyers drove the stock to $111.78.
Actively observing the price movement in the last trading, the stock closed the session at $112.46. Referring to stock’s 52-week performance, its high was $130.54, and the low was $58.03. On the whole, MU has fluctuated by -4.57% over the past month.
The company’s Forward Dividend Ratio is 0.46, with its dividend yield at 0.41%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 24.52B, with a low estimate of 6.52B and a high estimate of 6.82B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 6.63B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that MU’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of MU currently trading nearly -6.70% and 8.07% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 48.30, while the 7-day volatility ratio is showing 4.35% which for the 30-day chart, stands at 4.28%. Furthermore, Micron Technology Inc. (MU)’s beta value is 1.28, and its average true range (ATR) is 5.13.
A comparison of Micron Technology Inc. (MU) with its peers suggests the former has fared considerably weaker in the market. MU showed an intraday change of -0.60% in last session, and over the past year, it grew by 87.83%%.
Data on historical trading for Micron Technology Inc. (NASDAQ:MU) indicates that the trading volumes over the past 3 months, they’ve averaged 22.17 million. According to company’s latest data on outstanding shares, there are 1.11 billion shares outstanding.
Nearly 0.66% of Micron Technology Inc.’s shares belong to company insiders and institutional investors own 82.14% of the company’s shares. The stock has risen by 30.98% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the MU stock heading into the next quarter.
