Navigating MU Stock: Micron Technology Inc. Journey

The present stock price for Micron Technology Inc. (MU) is $76.67. In the last trading session, the stock made a considerable jump, reaching $77.48 after an opening price of $76.89. The stock briefly fell to $76.48 before ending the session at $77.14.

Micron Technology Inc. experienced a somewhat steady performance in the stock market. The company’s stock reached a 1-year high of $77.50 on 11/15/23, while the lowest price for the same period was registered at $48.43 on 12/22/22.

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52-week price history of MU Stock

Studying a stock’s 52-week price history, which includes both low and high prices, can help gauge its current status and potential future performance. Micron Technology Inc.’s current trading price is -1.07% away from its 52-week high, while its distance from the 52-week low is 58.31%. The stock’s price range during the 52-week period has remained between $48.43 and $77.50. In the Technology sector, the company’s shares saw a trading volume of around 12.98 million for the day, which was evidently higher than the average daily volume of 12.91 million over the past three months.

Market Capitalization and Financial Performance: An In-Depth Look

Micron Technology Inc. (MU) has experienced a quarterly rise of 20.57% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 84.19B and boasts a workforce of 43000 employees.

A Closer Look at Analysts’ Ratings for Micron Technology Inc.

As of right now, 24 analysts are rating Micron Technology Inc. as a BUY, 6 of the polled analysts branded the stock as an OVERWEIGHT, 7 analysts are recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 2 analysts are rating the stock as SELL.

Making Sense of Trading Volume and Moving Average Data

Based on Barchart.com data, the company’s moving average over the 100-day period was 67.97, with a change in price of +9.88. Similarly, Micron Technology Inc. recorded 13,874,627 in trading volume during the last 100 days, posting a change of +14.79%.

Examining MU’s Debt-to-Equity Ratio: What You Need to Know

The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the shareholders’ equity. At the time of writing, the total D/E ratio for MU stands at 0.32. Similarly, the long-term debt-to-equity ratio is also 0.31.

MU Stock Stochastic Average

As of today, Micron Technology Inc.’s raw stochastic average for the last 50 days stands at 93.93%. This is a rise compared to the raw stochastic average of the previous 20 days, which was noted at 93.91%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 96.40% and 94.98%, respectively.

MU Stock Price Performance Analysis

The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. The index has shown a price gain of 53.40% this year. Over the last six months, there has been a weaker performance of 13.47%. The price of MU fallen by 10.89% during the last 30 days period. For the last 5-days stocks have improved 4.21%.

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