Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Micron Technology Inc.’s current trading price is -3.73% away from its 52-week high, while its distance from the 52-week low is 110.48%. The stock’s price range during this period has varied between $56.01 and $122.46. The company, active in the Technology sector, saw a trading volume of around 20.72 million for the day, considerably higher average daily volume of 18.61 million observed over the last three months.
Micron Technology Inc.’s stock has had a calm market performance. The 1-year high for the company’s stock was $122.46 on 03/26/24, and the lowest price during the same period was recorded at $56.01 on 04/05/23.
How Financial Performance Impacts Market Capitalization
Micron Technology Inc. (MU) has experienced a quarterly rise of 36.04% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 130.55B and boasts a workforce of 43000 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 85.64, with a change in price of +47.45. Similarly, Micron Technology Inc. recorded 17,056,775 in trading volume during the last 100 days, posting a change of +67.36%.
How MU’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for MU stands at 0.33. Similarly, the long-term debt-to-equity ratio is also 0.32.
MU Stock Stochastic Average
As of today, the raw stochastic average of Micron Technology Inc. over the past 50 days is 89.45%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 85.79%. Additionally, the Stochastic %K and %D values for the company were 88.46% and 88.27%, respectively, over the past 20 days.
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. Year to date metric has recorded a gain of 38.14%.However, over the last six months, we can see a weaker performance of 72.83%. Over the last 30 days, the price of MU has fallen by 31.41%. And in the last five days, it has surged by 7.32%.
