Micron Technology Inc. saw a rather consistency, in terms of market performance. The company’s stock reached its highest point at $157.54 on 06/18/24, while the lowest price for the same duration was marked at $63.83 on 09/28/23.
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 -44.66% away from its 52-week high, while its distance from the 52-week low is 36.58%. The stock’s price range during this period has spanned from $63.83 to $157.54. In the Technology sector, the Micron Technology Inc.’s shares surpassed a trading volume of approximately 26.31 million for the day, which was noticeably higher compared to the average daily volume of 9.25.5 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 decline of -38.33% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 96.67B 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 116.31, with a change in price of -25.28. Similarly, Micron Technology Inc. recorded 21,992,705 in trading volume during the last 100 days, posting a change of -22.48%.
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
Today’s raw stochastic average for Micron Technology Inc. over the last 50 days is 5.84%.This indicates a decrease from the raw stochastic average of the past 20 days, which was 11.38%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 16.43% and 16.72%, 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. This year’s metric has recorded a Price increase of 2.16%. However, over the past six months, we’ve seen a stronger performance of -6.51%. The price of MU leaped by -18.49% over the last 30 days. And in the last five days, it has surged by 1.05%.
