The market performance of Micron Technology Inc.’s stock has been harmonious in recent times. Over the last year, the company’s stock reached its highest point at $157.54 on 06/18/24, while the lowest value for the same duration was $60.50 on 07/06/23.
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 -16.46% away from its 52-week high, while its distance from the 52-week low is 117.52%. The stock’s price range during the 52-week period has remained between $60.50 and $157.54. In the Technology sector, the company’s shares saw a trading volume of around 29.91 million for the day, which was evidently higher than the average daily volume of 21.67 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 6.05% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 145.92B 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 116.03, with a change in price of +46.04. Similarly, Micron Technology Inc. recorded 22,819,908 in trading volume during the last 100 days, posting a change of +53.81%.
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 0.30.
MU Stock Stochastic Average
Micron Technology Inc.’s raw stochastic average for the past 50 days is presently 47.57%, as of today. This marks a increase from the raw stochastic average of the last 20 days, which was 14.31%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 25.81% and 26.27%, respectively.
MU Stock Price Performance Analysis
Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. Year to date metric has recorded a gain of 54.21%.However, over the last six months, we can see a weaker performance of 59.98%. Over the last 30 days, the price of MU has fallen by 3.92%. And in the last five days, it has fallen by -0.48%.
