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Here is why Micron Technology Inc. (MU) stock volatility recorded over the last month was 3.13%

At the end of the latest market close, Micron Technology Inc. (MU) was valued at $56.57. In that particular session, Stock kicked-off at the price of $53.69 while reaching the peak value of $56.71 and lowest value recorded on the day was $53.61. The stock current value is $56.75.Recently in News on March 13, 2023, Micron Releases ‘We Are Micron’ 2022 Diversity, Equality and Inclusion Report. Initiatives creating readiness for the workforce of the future and highlighting ongoing commitment to diversity. You can read further details here

Micron Technology Inc. had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $86.24 on 03/30/22, with the lowest value was $48.43 for the same time period, recorded on 12/22/22.

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Micron Technology Inc. (MU) full year performance was -28.77%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Micron Technology Inc. shares are logging -34.20% during the 52-week period from high price, and 17.18% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $48.43 and $86.24.

The company’s shares, operating in the sector of Technology managed to top a trading volume set approximately around 8477009 for the day, which was evidently lower, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the Micron Technology Inc. (MU) recorded performance in the market was 13.55%, having the revenues showcasing 3.96% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 62.48B, as it employees total of 48000 workers.

The Analysts eye on Micron Technology Inc. (MU)

During the last month, 22 analysts gave the Micron Technology Inc. a BUY rating, 4 of the polled analysts branded the stock as an OVERWEIGHT, 10 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 2 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 56.76, with a change in the price was noted +0.63. In a similar fashion, Micron Technology Inc. posted a movement of +1.12% for the period of last 100 days, recording 14,906,268 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for MU is recording 0.21 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.20.

Technical rundown of Micron Technology Inc. (MU)

Raw Stochastic average of Micron Technology Inc. in the period of last 50 days is set at 33.85%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 52.84%. In the last 20 days, the company’s Stochastic %K was 37.37% and its Stochastic %D was recorded 25.55%.

Considering, the past performance of Micron Technology Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 13.55%. Additionally, trading for the stock in the period of the last six months notably improved by 7.71%, alongside a downfall of -28.77% for the period of the last 12 months. The shares increased approximately by 3.31% in the 7-day charts and went up by -8.23% in the period of the last 30 days. Common stock shares were driven by 3.96% during last recorded quarter.

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