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Behind Micron Technology Inc.’s 52-Week Range: Uncovering Opportunities for Investors

Micron Technology Inc. saw a rather consistency, in terms of market performance. The company’s stock reached its highest point at $122.46 on 04/01/24, while the lowest price for the same duration was marked at $56.01 on 04/05/23.

52-week price history of MU Stock

A stock’s 52-week high and low prices can reveal much about its current status and future trajectory. Micron Technology Inc.’s current trading price is 1.50% away from its 52-week high, while its distance from the 52-week low is 121.92%. The stock’s price range during this period has spanned from $56.01 to $122.46. In the Technology sector, the Micron Technology Inc.’s shares surpassed a trading volume of approximately 43.93 million for the day, which was noticeably higher compared to the average daily volume of 9.18.8 million over the past three months.

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Market Capitalization and Financial Performance: An In-Depth Look

Micron Technology Inc. (MU) has experienced a quarterly rise of 44.53% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 137.65B and boasts a workforce of 43000 employees.

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 86.16, with a change in price of +51.72. Similarly, Micron Technology Inc. recorded 17,355,291 in trading volume during the last 100 days, posting a change of +71.26%.

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 0.33. Similarly, the long-term debt-to-equity ratio is also 0.32.

MU Stock Stochastic Average

Today, Micron Technology Inc.’s raw stochastic average for the past 50 days stands at 93.61%, indicating a rise from the raw stochastic average of the last 20 days, which was 91.69%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 87.76% and 87.85% respectively.

MU Stock Price Performance Analysis

A mixed performance in the stock price over the year has left investors unsure of what to expect, resulting in a range of outlooks from optimistic to pessimistic. The index has shown a price gain of 45.65% this year. Over the last six months, there has been a weaker performance of 90.64%. The price of MU fallen by 37.18% during the last 30 days period. For the last 5-days stocks have improved 12.78%.

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