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 -31.45% away from its 52-week high, while its distance from the 52-week low is 74.88%. The stock’s price range during this period has varied between $61.75 and $157.54. The company, active in the Technology sector, saw a trading volume of around 18.23 million for the day, considerably lower average daily volume of 24.0 million observed over the last three months.
In terms of market performance, Micron Technology Inc. had a somewhat regular. The highest value for the stock in the past year was $157.54 on 06/18/24, while the lowest value was $61.75 on 08/18/23.
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How Financial Performance Impacts Market Capitalization
Micron Technology Inc. (MU) has experienced a quarterly decline of -15.56% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 119.74B 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 121.29, with a change in price of -9.14. Similarly, Micron Technology Inc. recorded 23,269,396 in trading volume during the last 100 days, posting a change of -7.80%.
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 0.32. Similarly, the long-term debt-to-equity ratio is also 0.30.
MU Stock Stochastic Average
As of today, the raw stochastic average of Micron Technology Inc. over the past 50 days is 31.78%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 73.44%. Additionally, the Stochastic %K and %D values for the company were 61.29% and 47.04%, respectively, over the past 20 days.
MU Stock Price Performance Analysis
The performance of the stock price over the year has been up and down, leaving investors with either an optimistic or pessimistic outlook, depending on how they interpret the data. Year to date metric has recorded a gain of 26.54%.However, over the last six months, we can see a weaker performance of 32.29%. Over the last 30 days, the price of MU has leaped by -8.05%. And in the last five days, it has surged by 16.02%.
