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 -31.75% away from its 52-week high, while its distance from the 52-week low is 68.43%. The stock’s price range during this period has varied between $63.83 and $157.54. The company, active in the Technology sector, saw a trading volume of around 16.99 million for the day, considerably lower average daily volume of 25.64 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 $157.54 on 06/18/24, and the lowest price during the same period was recorded at $63.83 on 09/28/23.
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How Financial Performance Impacts Market Capitalization
Micron Technology Inc. (MU) has experienced a quarterly decline of -18.26% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 119.21B 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 114.66, with a change in price of -12.42. Similarly, Micron Technology Inc. recorded 23,559,424 in trading volume during the last 100 days, posting a change of -10.34%.
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 0.31. 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 71.29%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 76.89%. Additionally, the Stochastic %K and %D values for the company were 80.79% and 75.46%, 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 25.98%.However, over the last six months, we can see a stronger performance of -8.80%. Over the last 30 days, the price of MU has fallen by 13.34%. And in the last five days, it has surged by 18.27%.
